Now you do not have to agree with me on this one. But I am saying African countries are starving because of the bad economic policies.
The continent is blessed with the best natural resources in the world, has energetic and capable human resource. Despite these advantages the continent is poor, sick and backward.
Blame it on historical factors, imperialism, and globalization etc. The prevailing economic reforms these countries implement are still wanting.
Some of the economic factors hindering development and accelerating starvation in Africa include;
High interest rates
Absolute poverty
Economic policies of third world are determined by super powers which sometimes are not favorable.
communities have poor saving culture hence can not invest for the future
Poor farming methods
Bad cultural practices
Poor soils
Corruption
lack of capital
Blind borrowing hence increased debts
etc
I say, Africa will continue to starve if some of these factors are not genuinely addressed. I said genuine. Mark my word.
Tuesday, June 3, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment