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How Can African Nations Achieve Economic Growth? Essay

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When one is asked to think of Africa, several ideas might pop up. A few of the things that could come to mind when thinking are unstable governments, poverty, and starving people. The concepts that were thought up belong to a world unknown to citizens of a first world or rather “developed” nation. Many of the globe's not as advanced or “developing” nations find their place in Africa. These countries must improve upon basic fundamentals in order to be considered a developing nation. For example, a country must substantially reduce poverty in hopes of achieving their desired status. In order for African nations to further develop themselves, they must invest in higher amounts of free trade within Africa, which will boost economic growth, …show more content…

Africa has achieved growth, yes, but that growth has not led to development. Factors such as population growth greatly affect economic development. It is found that “in some of the poorest DVCs (Developing Countries), rapid population growth actually strains the levels of income growth so severely that per capita income remains stagnant” (Brue, Flynn, and McConnell 39W-5). Not only that, a principal issue for the developing nations is still poverty. Underemployment and unemployment afflict many poor countries. Because of low GDPs, this means that there is underemployment or unemployment. People are looking for jobs that are not there or there is low labor productivity (Brue, Flynn, and McConnell). While there may seem to be many issues, there are ways around them. One probable solution to the underdeveloped African nations economic problems would be in the usage of free trade within Africa. African nations trade more with nations outside of Africa then within. “Today, just twelve percent of African trade is with other African nations” (Cameron). David Cameron, the prime minister of the United Kingdom, believes that open market would allow for further growth and development than aid from organizations such as the World Bank. Cameron crunched numbers and found that with the implementation of trade it will increase GDP by roughly $62 billion (Cameron). The usage of intercontinental trade would not only cause inflation in the income of a country but it will also improve

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