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Africa's Third Liberation by Greg Mills and Jeffrey Herbst explains that Africa has experienced two liberations: the first from colonial and racist regimes, and the second from the autocrats who often followed foreign rule. African countries now have the potential to undertake a third liberation - from political economies characterised by graft, crony capitalism, rent seeking, elitism and social inequality. This third liberation will open up the economic space in which business can compete - a necessary condition for expanding employment.