There is evidence of economic writing that dates all the way back to the Mesopotamian era. The development of modern economics is largely due to two groups which were known as the physiocrats and the mercantilists. These groups help develop capitalism in Europe in the 16th century.

Malawi (Chichewa: Malaŵi) is a country in Africa, bordered by Mozambique to the south and east, Tanzania to the north, Zambia to the west. Lilongwe is the political capital of Malawi and the seat of government.