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The aim of this article is to examine the interactive dynamics of "Africa" and the "world economy" over the past half century. By relating the overarching developmental trajectory of the continent to the long-wave rhythms of the world economy, the article identifies three relatively articulated periods in the political economy of postcolonial Africa. The first, from circa 1960 to the late 1970s, was a period of state-led developmentalism enabled by the long postwar boom in the world economy and the embedded liberalism of the Bretton Woods system.
Recent literature on microfinance has observed that commercial microfinance programs that achieve financial sustainability largely fail to reach the poor (Hulme 2000; Mayoux 2000; Cull, Demirgüç-Kunt, and Morduch 2007). Most studies rely on institutional explanations for this failure (Battilana and Dorado 2010; Pache and Santos 2010; Canales 2011).
Drawing upon interviews with 40 parents in Cincinnati, Ohio, the author explores how “exposure to diversity,” an implicit racial socialization practice, has become a defining feature of how some middle-class white parents teach their children about race and reflect on what it means to be a good white parent. Exposure to diversity involves white parents’ active efforts to expose their children to people of color via trips to multiracial parks, enrollment in multiracial schools, or residence in multiracial neighborhoods.
We argue word embedding models are a useful tool for the study of culture using a historical analysis of shared understandings of social class as an empirical case. Word embeddings represent semantic relations between words as relationships between vectors in a high-dimensional space, specifying a relational model of meaning consistent with contemporary theories of culture.