The success of any continent is largely dependent on its economic development (Suter 2006). It would seem that Africa, a continent rich in resources would be regarded as a very promising continent, much to the contrary, Africa has proved to be a continent showing very little potential. Its failure to thrive at a rapid rate could be attributed to a number of factors; one of which includes the failure of many African governments to handle their responsibilities both legal and political (Suter 2006). It is both the lack of democracy of many African governments and the existence of autocratic rulers , that have led to the downfall of these countries, as their intent was to increase their own wealth instead of acting in the interest of their country and people. These failed leaderships have often led to civil war, negatively impacting further on the economy of the country.
Document 4 says that not only were they unable to keep up the utilities, they didn’t have skilled administrators to govern their new independent nations. This shows, in a way, that colonialism actually benefited the Africans by giving them security and stability, and by making use of their resources which otherwise would have been undetected and undeveloped. But, it would be wrong to suggest that imperialism was very positive for Africans. Many African men were killed and overworked, as described in Document 6. This left Africa with a reduced supply of capable workers and leaders when they became independent.
As a consequence many LDC nations rely on foreign health and economic aid putting them in a situation of unrepayable debt, so even less money can be spent on infrastructure and supporting the economy. As a consequence due to low levels of development FDI is more likely to look elsewhere where the economy and governments and stronger and more stable and where there are educated people. South Korea is not extremely religiously orientated, with half of all adults professing no religion. This could be seen as a reason for preventing development in other nations, as religion and tribalism segregate the nation and can lead to conflicts which damage the
It takes up a significant amount of space in the continent of Africa. You can’t farm in the Sahara because it is too dry. The soil in Africa is poor, as well as too little precipitation and low access to water. Due to poor agriculture, Africa is weaker because agriculture
The fact that Italy had a very limited industry and lack of an efficient infrastructure also meant that hardly any money was being created to pump into the economy to keep it running or pay for these debts. This subsequently led to high inflation, increased taxes and no money being spent on education or public services. Another major economic problem under the liberal regime was the north south divide. The fact that Italy’s economy was poor was only made worse by the north south divide in the country; this divide was to do with agriculture, industrial development and general standards of living. All of which the north fared in much better than the south.
Map On this world map, do the following: • draw the two major ecozones that cover Africa, Asia, and Europe • indicate and name the barrier that separates these two ecozones (10 points) III. Graphic Organizer Fill out the table below by describing an argument for and against each factor contributing to modern-day problems in Africa. (10 points) Factor Argument Counter-Argument Export-oriented Economies African countries are under-developed and will not be successful in the next decade It’s not Africa’s fault, the Europeans created boundaries that mixed cultures creating ethnic tension. Trade barriers The IMF is trying to create free-trade between Africa and other countries, but the countries of Africa won’t. Yes, but
She notes there are steep obstacles to doing business there. According to the World Bank, nine of the world's 10 most hostile business environments are in Africa. There is no doubt that something is going wrong with the relationship between Africa and the aid that comes from the West. In “Dead Aid”, Dambisa Moyo points to the two trillion US Dollars that have been flowing as ‘aid’ to the developing countries, most of it to Africa, in the last six decades. But obviously, the money does not help.
After witnessing two thriving centers of capitalism, Nkrumah returned home with hopes of turning his homeland around. One thing that was occurring in Africa and not the United States was a process known as “balkanization”. The United States were strong because they realized that even a confederacy was not adequate to maintain a successful capitalist state. Africa was continually being exploited due to the many isolated governments that could be swayed by powerful foreign investors. One of the examples Nkrumah used was cocoa production.
Non-governmental aid does not need to be repaid, unlike with multilateral aid. Multilateral aid leads to the country developing slower, as money they could be spent on further development is spent on repaying debts. Also due to the fact that multilateral aid is based on money, the development gap may narrow slower due to basic needs not being met. However there are also problems with non-governmental aid, these being that due to corruption in some countries aid may not reach the people it is intending to help. Another strategy that could be used to narrow the development gap is trade.
The United States has spent years trying to help sustain countries in Africa. Africa has always been underdeveloped compared to more developed areas like Europe and North America. Africa faces more problems due to its low soil fertility. The soil in Africa is not as fertile to grow crops so it is difficult to feed their people. While Africa does have some necessities like gold and silver, for the most part during imperialism, other countries have taken advantage of the African people.