Africa some Q&A.?

Question

Now consider each of the following factors: geography, health, investment in human capital, colonialism and the development of institutions, political instability, democracy, the rule of law, trade. Which do you think are the most critical in terms of solving Africa’s current crisis? Many of these factors are interdependent but part of the puzzle is figuring out which factor drives all the others. Identify what you believe are the two most important factors and justify your position?

Answer 1

Homework, huh? There's a whole Internet out there for you to find an answer to your excellent question. You may want to narrow your question - Africa is the whole continent. Some African countries are doing better than others.

Answer 2

The most important factor in the further development of african countries is the development of stable politcal systems. Currently african countries are failing because the have governments that abuse the people, outside aid, and ignore economic oppoturnity. A great many african countries have a great deal of potential especially in the natural resource extraction and low tech manufacturing sectors. Sadly this is wasted by governments that ignore international business propositions and then kill their labor potential in the name of ethnic cleansing. These corrupt governments abuse the aid offered by the IMF and World Bank, they use the moneys for their own personal gain instead of using it the develope the economic and social infrustructure needed to maintain a stable and functional economy. This leads to the second most important factor, the development of economic and social institutions that can maintain and shelter the development of the new economy. Once a stable government is in place, time and money can be shifted to the development of economic institutions. These institutions that we who live in a functional developed country take for granite are as follows. A functional law enforcement system to enforce contracts and protect property rights, A national banking system (seperate from the government) that can control and maintain inflation, interest rates, and investment, finally a credit reporting system to help control risk in investment and facilitate further investment. Once these things are in place or in development the rest of the economy with fall in to line. Social well being is the only other thing that will not automatically fix its self can be addressed by the now stable government through governmental payouts and social programs.


you should do some further research on this subject it is an imporant subject and has applications all over the globe.

Answer 3

When I think of countries that have succeeded in economic development during the past 40 years, I think of Malaysia, Chile, China, Mexico, Portugal, Cyprus, Greece, Turkey to name a sample, & more recently India and Poland. In every one of them development has been export-led (including tourism, remittances and other invisibles).

Inward-looking countries like Tanzania in its first 20-30 years, and South Africa which had to because of the boycotts during apartheid, did not make progress.

And what are the conditions for trade-led economic growth. Clearly democracy is not required -- look at China, and 1962-80s South Korea. Clearly a colonial past is not necessarily a problem -- look at Malaysia, Singapore and now India. Clearly geography is not vital unless it's extreme -- there have been success stories relatively remote from major markets, such as Chile and indeed Malaysia. Inland Uganda has aruably done better than coastal Kenya and certainly better than Somalia. Bad roads and broken ports are certainly a handicap in Africa, but if the economy is succeeding and free, the roads and ports will be mended. But what is essential is a political-economy framework in which business people are free to do business and pocket the rewards of success, unhampered by corruption, racism, punitive taxation, distortions of the price mechanism, or jealousy from those who haven't been putting in the hard work but think they deserve a share of the cake.

None of this fits tidily into your tutor's boxes, but if you want to tell the truth you need to shoehorn it in somewhere. Ask any ex-Zimbabwean white or indeed black dispossessed farmer or any ex-Kenyan Gujerati-speaking business owner and you will know exactly what I mean by corruption, racism and jealousy. File it under "health" if you like, I'm talking about the health of the body politic and the moral health of the nation..... I suppose the best box to put it in is "political instability".

And then you can add another thing on political instability. One of the easiest ways for some countries to develop has been through tourism. Greece, Portugal, Malaysia, Barbados and many others have made money that way. Nothing puts tourists off as quickly as disruption, whether it's from terrorism, strikes, or internal conflict.

Answer 4

ONE IS make correct use of land labour,capital in most efficient way n improve the political stability n mke citizens more aware of both politicl n economical issues n keep them updated
TWO IS NOT JUST INDUSTIALIZATION OR GLOBALISATION WILL HELP FOR LONG TERM,,THE INFRASTUR OF THE whole country is most important..plan the buildin of roads,dams,buildings,in such a way tht in fuyure nothing can come in between each other