How can business leaders inform their decisions on business risks in Africa
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Do Western Nations Keep Africa Impoverished?
Africa is a continent with a rich history and culture, but it is also one of the most impoverished regions in the world. According to the World Bank, 43% of Africans live below the poverty line, and the continent has the highest rate of child malnutrition in the world.
There are many reasons why Africa is so impoverished, but some experts believe that Western nations play a role in perpetuating this problem. These experts argue that Western nations have a history of exploiting Africa’s resources and that they continue to do so today through unfair trade practices and economic policies.
Why Are African Countries Impoverished?
There are many factors that contribute to Africa’s poverty, including:
- Colonialism: Africa was colonised by European powers for centuries, and this period of colonisation left a legacy of economic and political instability.
- Corrupt governments: Many African governments are corrupt, and this corruption diverts resources away from development and into the pockets of a few elites. It is argued that external powers including corporations and countries support this corruption for their purposes, not for Africans.
- War and conflict: Africa has been plagued by war and conflict for decades, and this has led to widespread displacement and poverty. Finding has in past been provided by external countries to instigate and perpetuate wars and conflicts for foreign powers benefits economically and politically.
- Natural disasters: Africa is prone to natural disasters such as droughts, floods, and famines, which can have a devastating impact on the economy.
- Lack of education and healthcare: Many Africans lack access to education and healthcare, which makes it difficult for them to escape poverty.
Why Would Africa Be a Place That Countries Like Great Britain, America, and France plus other European Nations Would Want to Control?
Africa is a continent with a wealth of natural resources, including oil, diamonds, and gold. These resources have been a major source of wealth for Western nations for centuries. In addition, Africa is a strategically important region, and Western nations have sought to control it for military economic and political reasons.
How Does France Control Africa?
France has a long history of involvement in Africa, and it continues to exert significant influence on the continent today. France has military bases in several African countries, and it provides financial and technical assistance to many African governments. France also has a number of economic interests in Africa, including oil and mineral extraction.
Is Africa Considered a Poor Country?
Africa is a continent with a wide range of economic development. Some African countries are very poor, while others have experienced significant economic growth in recent years. According to the World Bank, the average income in Africa is $1,210 per year. This is significantly lower than the average income in the developed world. The question remains – why are so many African countries rich in agriculture and raw valuable minerals so poor?
Conclusion
There is no doubt that Africa is a continent with a lot of challenges. However, there is also a lot of potential for growth and development. If Western nations were to change their policies and practices, they could help to lift Africa out of poverty and create a more prosperous future for all Africans. This maybe at the expense of western nations and could explain, at least in part, why Africans are still fighting to get out of poverty.
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