What Does Economic Efficiency Mean to Uganda? : A Review of Literature Cynthia Walker Managerial Economics – ECO 550 Dr. Edwin Moore September 1, 2009 Strayer University Abstract Uganda as a whole possessed great economic potential. Endowed with significant natural resources, including fertile land, mineral deposits, and an over abundance of rainfall. Uganda has everything to become economically and developmentally independent. However, chronic political instability, mismanagement of resources and a record of continued economic decline has left Uganda one of the world’s poorest and least-developed countries.
Poverty seems a paradox in a country that has one of the best-developed economies in eastern Africa. Kenya has relatively advanced agricultural and industrial sectors and substantial foreign exchange earnings from agricultural exports and tourism. Yet it is a low-income country and ranks 128th among 169 countries in the United Nations Development Programmer’s Human Development Index, which measures development in terms of life expectancy, educational attainment and standard of living. About 79 per cent of Kenya’s population lives in rural areas and relies on agriculture for
The primary resources of Peru include petroleum, found on the northwestern coast and in the Amazon Basin; cooper in northwestern Peru; and substantial deposit of silver, iron, ore, gold, lead, and zinc throughout the cordilleras. Also important are the forest, specially the stands of cedars, oak, and mahogany. About 35 percent of Peru's working population is engaged in farming. Most of the coastal area is devoted to the raising of export crops; on the Montaña and the sierra are mainly grown crops for local consumption. Many farms in Peru are very small and are used to produce subsistence crops; the country also has large cooperative farms.
In spite of many recent economical, political, and social achievements, Afghanistan is still ranked as the fourth poorest country in the world, according to the Afghanistan 2007 Human Development Report. One of two Afghans is classified as poor, with more than 20 percent of the rural population consuming less than the average daily calories. Historically, the drought of the nineties, the destruction of basic infrastructure, the damage to institutional organizations, and the scarcity of skilled professionals has been among the primary causes of poverty. Decades of war and foreign invasion has greatly impacted its political and social stance and essentially has destroyed its economy. Economic frailty and government dependence
The African economy is one of debate due to its unpredictability - it is infamous for its devastating famine and health problems, but some transnational companies (TNCs) see opportunities of regeneration and economic boost for both their company and the financial state of the country, as a wave of improving governance and demographics is predicted to come by some. Mukhtar Kent, who researches untapped markets for TNCs to penetrate, describes Africa as, 'the untold story'. He believes, "the presence and the significance of [...] business in Africa is far greater than India and China even today. The relevance is much bigger". Around 1 million Africans are employed to the biggest soft drink brand in the world - Coca-Cola.
The poorest nations on Earth are usually categorised by the term LDC, meaning ‘Least Developed Country.’ These low levels of development make it harder for the county to develop any further. Sierra Leone is an example of an LDC, and is at the bottom of the UN’s league for human development. Sierra Leone has a high level of dependency on its raw materials for income, Diamonds and Iron ore are highly sought after and the main consumers of these products are the industrialising and high level consumption nations such as China and the U.S. The issue is that these products are mined and manufactured by foreign companies. If the LEDC had the high enough levels of development it could educate it population and these profit providing process could be taxed and boost the economy of the LDC to allow such infrastructure to grow.
ssue: Behind of those shinny expansive beautiful diamonds, many of them has histories tied to violence and human suffering. There are ethical issues in current buying and selling of diamonds from countries associated with human rights abuses. The diamond miners who works in Africa have a poor condition living standard and those diamond wholesalers and retailers who live in United States are having a wealthy life. The unfair international trade of diamonds should be adjust to improve diamond miners living standard and raise their wage for their hard working. Related issues: All the conflicts in the diamond industry are come from one main factor -- profit.
Does foreign aid promote growth in Africa? Introduction The debate over aid effectiveness in Africa continues to be a contentious one at various international meetings. Despite being one of the world largest aid recipients, the African continent remains the poorest and most aid dependent. This is most visible in Sub Saharan Africa where one person in two still live under the poverty line (UN, 2008) notwithstanding the million of dollar received every year. By “foreign aid”, we refer to any financial assistance that is specifically given to help generate economic growth while “economic growth” describes a sustainable increase in economic activity capable to improve the lives of the majority of the citizens and measured as the annual percentage change in national income.
Global human trafficking is the second largest and fastest-growing organized crime in the world. There are an estimated 21 million people enslaved today, 4.5 million of which are in the sex industry. Estimates for revenues in all forms of exploitation and slavery total upwards of $32 billion a year, and profits from sex slavery amount to nearly $10 billion. In June 2013, the US State Department issued the most up to date Trafficking in Persons report, a global overview of the origins and scope of trafficking. In my country of Cambodia, a country that is still recovering
An estimated 12 million people worldwide are in forced labor, debt bondage, forced child labor, or sexual servitude. Depending on the methodology and definition used, other estimates of trafficked persons are as high as 27 million (Hughes and Raymond, n). The numbers projected are of men, women, and children annually that are trafficked across international borders. Approximately 80 percent are women and girls, and up to 50 percent are minors; the young boys usually age from11-13, and the young girl’s age range is 8-14 (Hughes and Raymond, n). In the article Child Sex