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Economics:

10th Edition
BOYES + 1 other
Publisher: Cengage Learning
ISBN: 9781285859460

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BuyFindarrow_forward

Economics:

10th Edition
BOYES + 1 other
Publisher: Cengage Learning
ISBN: 9781285859460
Chapter 1, Problem 4E
Textbook Problem
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Sub-Saharan Africa includes some of the poorest nations in the world. What would you say is the problem with these nations?

To determine

Some of the prevalent reasons for Sub Saharan African nations suffering economic drawbacks, which hamper the economic growth of these nations.

Explanation of Solution

Militancy is one of the critical aspects, which drives away new investment, FDI inflow for industries and keep people away from attaining literacy. Boka Haram is one of the prime examples of such militant groups. Not only these groups create fear among local inhabitants keeping them ignorant of the outer world and education, but they have also succeeded in driving away foreign investors.

Industrial growth is the most important factor for a country to increase its GDP, reduce imports, in short to become self-sufficient. But the militants often strike at industrial facilities like mining, oil exploration which extend over several thousand of barren geographical areas. Striking at them make the multinational companies think twice before investing in these regions.

HIV/AIDS is still prevalent in these nations and percentage wise it is more than contemporary nations in other parts. A considerable part of economy is spent in providing a minimum medicine regime for such patients. This huge expenditure has no returns for these poor nations...

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