Thank you for visiting this site. www.blackeconomics.co.uk has a Focus on Wealth, Poverty, Business and Finance among Black individuals and Communities. We explore Economic Matters as pertaining to people of Colour around the world. Be Informed.
This website also brings to you … A Directory, for you to find Businesses owned or part-owned by African Americans, Africans, Caribbeans and people of African diaspora. Please Support, Patronise, Visit their websites – where listed and Celebrate and Be Inspired.
The Black Economics Website was first uploaded in 2005, following the Katrina Hurricane in New Orleans, USA; and the Race riots in Birmingham, UK of October 2005. These two events caused us to puzzle at the wealth of America (including many African Americans) compared with the poverty displayed following the floods; and also to puzzle about the politics and economics of widespread Asian ownership of hair and beauty retail shops in Birminham, UK patronised 100% by black people. Though we cannot change history, we might be able to influence the future. We appreciate the support of all races, religions and cultures.
Examining Wealth and Poverty, and the general Economic Status of black people around the world.
How can we make a change?
BlackEconomics is a focus on economic development within the African diaspora in the UK, USA and Canada and other countries. It is our opinion that given the talent, brain-power and wealth of resources within the black world, our progress as a race can be accelerated.
We do not subscribe to the concept that we are continually at the bottom of the pile. Great wealth is not the preserve of the white man. There are great things happening around the world in black communities, and we want to use this site to demonstrate this and inspire others to attain greater things. Additionally we want to showcases black businesses, and encourage all people to support them.
The information on this site is useful for any race, culture or nationality. It’s good to be aware of what is going on in your world.
1) To debate the concept of the black pound (or the black dollar) worth £40 billion in the UK, $1 trillion in the USA, and many more billions in Africa, the Caribbean and South America. How can this black money be leveraged. Everybody wants it – but who is benefiting most from it?
2) To showcase good black businesses. Tell the stories of business owners who understand the concept of success – however it is done, whatever the commodity or service, and to whomever they can sell to.
3) To encourage more black people to start businesses – where real wealth can be attained. Create a product or a service, rather than be perpetual consumers.
4) To urge people to be aware of black businesses around them, and where possible – encourage the business owner – by becoming customers or clients of those black businesses.
5) To showcase top black professionals, who thrive in the corporate world.
6) To urge people of means, to invest in black businesses, even if they will not want to run those business themselves. Get to know the prospective business partner until there is trust, and use contacts and corporate knowledge to accelerate the growth.
7) To encourage people to work together, in Economic Empowerment Groups. United people can make a real improvement in their lives, and their businesses.
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Topics covered on this site include
- the historical and current analysis of the economic and social status of the African diaspora;
- the exploration of economic successes and failures;
- examination of the global economy;
- highlighting obstacles to development in the black world; noting the lack of investment in knowledge;
and lack of funds; corruption; crime and exploitation;
- reviewing the progress (if any) made by black non-governmental organisations including churches; civil rights
groups, socio-political groups and investment clubs.
Suggest a black business, organisation or top black professional to be featured on this site
The name of this website was inspired by the book “Black Economics” by Jawanza Kunjufu
The book is a micro and macro-analysis of economic conditions in the black community which explores:
a) why black people earn only 61 percent of a white person’s income, and this figure is falling
b) why most black people prefer to maintain a ‘good job’ rather than own and operate their own businesses, and
c) why African American consumers in the USA only spend 3 percent of their one trillion dollars in black businesses.
If that 3% was increased to even 20% would that not make a huge difference to the survival rate of many black businesses, and raising the economic status of business owners families?
May this website inspire you to make a difference.