Rate of Growth in Africa

Modern African states have various problems ranging from corruption, to armed conflict, to stunted structural development. Africa’s ongoing political instability and economic crisis have hindered the improvement of Africa. Thus, the lack of money, advancement in technology, and climate has hampered economic development. Despite European mistreatment and oppression African’s have endured hardships that have encouraged economy, education, and political

When I think of Sub-Saharan Africa I see the complete opposite of The United States. I think of poverty, no Internet & cell phones( no texting, social media), no malls/shopping centers. I think of villages and people having farms and growing crops. Africa is approximately 15 of earths land & even with one of the largest countries in the world, it is one of the lest developed countries. However, even though Africans economy is not where it is suppose to be, West Africa is becoming more developed & offers more economic opportunities than other parts of Africa. Many tribes are moving towards West Africa to start a better life for themselves & and their families. However Africa needs more infrastructure which includes; high speed highways, railroads

It is very sweetening to hear of Africa emerging after years of struggle. The ten fastest growing countries in the world came from Africa for example and consumer spending in Africa tend to increase exponentially in the years to come. Nevertheless, this image and expectations we have of Africa is not a hundred percent sure because the poverty level in Africa does not make any improvement.

What are the challenges involved in ensuring that the recovery and growth of African economies will be sustainable in the future?

Economic growth, put simply, is “an increase in the amount of goods and services produced per head of the population over a period of time”; development is inextricably linked with this economic growth. By utilising theories of economic growth and development we can see how the Chinese and Sub-Saharan African economies have emerged, but, more notably, we can use these to look at patterns from past and present to show their experience and the implications of this growth for the future.

According to McKinsey & Company, a trusted global management consulting firm, “Africa’s economic growth accelerated in the years following 2000, making it the world’s second-fasting-growing…” (Hattingh, Russo, Sun-Basorun, & Van Wamelen, 2012). The International Monetary Fund states that GDP has risen across sub-Saharan Africa’s forty-eight countries on average of five to seven percent since 2003 (Perry, 2012). Real GDP growth in sub-Saharan countries has exceeded real GDP growth in both China and the United

Society misrepresents Africa as disease ridden, uncivilized, overpopulated and poor. It is generalized as one united nation rather than fifty-four individual states, and is conceived as an inferior nation. European nations deployed a mission of colonization to bring the continent civilization. This paper interprets the link between British colonization of Sub-Saharan Africa and lasting economic problems evident today. The argument of British underdevelopment in Africa draws on studies collected on individual African states as well as the continent as whole, regarding economic growth statistics from before, during and post-colonization. Britain failed to develop African nations, leaving them plagued with social issues following independence. This paper expands on the link between Africa’s colonial roots and international intervention’s impact on contemporary Africa today. Britain’s lack of development, rooted in colonization, is to blame for Africa’s crumbling economy.

The story of Africa is not new at all. Africa’s economic achievement is one of the biggest mystery to solve. Plenty of African historians have recorded destructive consequences that burdens Africa from inside and outside influences. It has been said over and over again but the status of the continent remains the same. The continent of Africa has been favored immensely with natural resources, human and economic diversity. Despite the resources Africa possesses it continues to remain underdeveloped and in poverty mainly because of outside and inside influences such as, climate, corrupted leaders, imperialism, and low rates of education.

Africa is known to be one of the most heavily povertized region on the globe, and whether or not it was the fault of Europeans or themselves is beside the actual problem. Ethiopia displays one of the problems Africa is dealing with, as one of the overlying problem is rural poverty, and any other issues that follow poverty. Entire households survive on scraps of food every day, and work hard to try to gain more money for food. The poverty has encouraged farmers to have more children in an attempt to increase their workers and profits. This increase in population in rural Ethiopia has been causing migration from the area. Studies have been made about society in Ethiopia and how the economy affects it to try to understand the issue of poverty.

Africa is the world’s second largest continent, over three times the size of the United States. Africa has always been blessed with rich natural resources. The problem is that thus far African nations have not been able to benefit and protect their natural wealth. Resources like gold, oil, diamonds, gas, iron and coal have been discovered throughout the

The majority of population growth in the next century is expected to be concentrated in sub-Saharan Africa because many of those regions are in developmental stages where infant mortality is still high, as are birth rates, resulting in a high natural increase rate. Because China and India have already gone through much of the social developments that have educated their people and has created lower fertility rates, and has lowered their population projections. Both of these reasons have resulted in African countries having much smaller doubling times in their populations compared to those in Asia.

When an individual has got lot of resources, they are usually wealthy. This might be true for most but not for Africa. Africa is said to be the richest continent in the world when in terms of natural resources (Ebegubulem, 2012). Yet it is the poorest according to the nominal Gross Domestic Product calculation (Mannak,2008). That is why I agree with Ellen Johnson-Sirleaf”s statement that she made at the Nelson Mandela annual lecture in 2008, which reads: “Africa is not poor, it is poorly managed”. It is seen that Africa is wealthy yet it is encountering low levels of economic growth as it is not developing. Is it because of power? As Africa is one of the continents which suffered greatly from the independence of its land, which was under the

However, Africa’s turmoil and backwardness, although possibly seeded in slow development, has been perpetuated by outsiders claiming to do good for the people but doing otherwise. Despite this damage, Africans have worked hard for the past couple of decades to improve their image and create an Africa that is thriving and modernizing. Africa may still lag behind other regions of the world in many factors, but what is undisputed is that Africa is overcoming its challenges and moving to the

As a region, Western Africa has recently experienced positive economic growth. The Western African economy grew at a rate of 6.9 percent during 2012, an increase over the 5.9 percent in 2011. The achieved economic growth in the sub-region was more than double the global rate, according to a report delivered at the just-ended 42nd Economic Community of West African States (ECOWAS) Summit in the Ivory Coast. In 2012, Sierra Leone, once considered a microcosm of the upcoming anarchy by Mr.

African nations regularly fall to the bottom of any list measuring economic activity, such as per capita income or per capita GDP, despite a wealth of natural resources. The bottom 25 spots of the United Nations (UN) quality of life index are regularly filled by African nations. In 2006, 34 of the 50 nations on the UN list of least developed countries are in Africa. In many nations, the per capita income is often less than $200 U.S. per year, with the vast majority of the population living on much less. In addition, Africa's share of income has been consistently dropping over the past century by any measure. In 1820, the average European worker earned about three times what the average African did. Now, the average European earns twenty