Econ FINAL essay 4

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kyle.coughlin
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187105
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Econ FINAL essay 4
Updated:
2012-12-07 19:22:30
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Econ FINAL essay
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Econ FINAL essay 4
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  1. Positive African Accomplishments
    • ghana's independence in 1957
    • human needs achievements: helped by UN Millennium Development Goals
    • spread of infrastructure: roads, telecomm, power (poor quality/not maintained)
  2. Potentials/future hopes for Africa
    • rich in resources: minerals & agricultural land = main exports (commodities)
    • big market: growing middle class to purchase more manufactured goods
  3. Problems in Africa
    • macroecon troubles: stagnant, worried about wild swing in export prices
    • poverty: fast population growth + econ troubles = high poverty
    • vicious cycles: econ trouble -> political termoil -> civil war -> more econ trouble

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