At the end of World War II, all but three African nations (Ethiopia, Liberia and South Africa) were ruled by some European State. Then the independence movement began: first in North Africa with Libya (1951), and over the next five years, Egypt, the Sudan. Tunisia and Morocco. The Sub-Saharan States soon followed, beginning with Ghana (1957) and, by 1990, 42 other countries. Being newly independent and largely poor, the thinking was that if a country could come up with a national plan for generating and investing a sufficient amount of funds in a manner consistent with macro stability, then that country would have met the pre-conditions for development. It would be a “State” (central government) — led process whereby “the flexibility to implement policies by technocrats was accorded price-of-place and accountability through checks and balances was regarded as an encumbrance” (World Bank, WDR, 1997). It was not an unreasonable strategy: national governments populated by good advisers and with external technical and financial assistance would put the country on the sure path to growth and development