This micro- and macro-analysis of economic conditions in the black community explores why African Americans earn only 61 percent of white American income, why many African Americans prefer to maintain a “good job” rather than own and operate their own businesses, and why African American consumers only spend 3 percent of their $600 billion in African American businesses. Topics covered include present and historical analysis, foreign economic success, the global economy, obstacles to development, and black consumers and entrepreneurs.
Black Economics: Solutions for Economic and Community Empowerment
By Dr. Jawanza Kunjufu
Paperback: 192 pages
Many members of the black community will be familiar with Kunjufu because of his tireless efforts in promoting his nine previous books, such as the three-volume Countering the Conspiracy to Destroy Black Boys (African American Images, 1983, 1986, 1990), and his ideas. Kunjufu has degrees in economics and business, his company (the book's publisher) employs 100 people, and he tours the country giving lectures and interviews. Well researched and containing minimal business jargon, his book makes business concepts easily understandable without condescension to the lay reader. It then gives a clear call to action for blacks to join together to improve the lot of the average African American. While most of the ideas have been bandied about in African American circles for years, this is the most comprehensive, compelling, and clearly worded effort this reviewer has read.
- Anita L. Cole, Miami-Dade P.L. System, Fla.