Africa’s economy consists of the trade, industry, agriculture, and human resources. It is a resource-rich continent along with about one billion people living in 54 different countries of Africa, many African people are suffering from poverty, and I would like to continue this with how it reflects their culture as a whole. The economy and what’s available to them determines how they live and their way of their culture because their economy being undeveloped makes them poor and they have to accommodate to the poor living conditions. For example, I know African moms breastfeed their kids way past the recommended six months in American culture because there is not enough food. My name is Tony and I am here to inform you about the economy in Africa, my three main points is 1.Resources 2.Infrastructure 3.The China-Factor One of three main points is resources, forming the basis of the economies of African countries. Africa is the next biggest continent, which means huge amount of resources. It consist of oil, diamonds, gold, and silver, copper, iron, and so forth. Also includes cocoa, peanuts, and etc. The mineral industry is an important source of export earnings for many African nations and continues to be a major driver of economic growth. Along with Cacao and peanuts, Africa produces three quarters of the world's cocoa beans and about one third of its peanuts. According to a 2012 article by bono, the resource curse theory applies to Africa because such affliction of raw material put Africa under heavy pressure and tension, leading to wars and slow development because
Secondly, Infrastructure is the basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function, but Africa has not kept up with demand. Power outages in the region are common while poor roads and non-existent railway system in many countries are stifling trade. The need is great like electrical...
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