Muadd Ben Khudair
HIV/AIDS has been known as one of the main contributing causes of the declining African economy ever since it started as an epidemic. The commencement of this deadly disease and its sporadic nature caused many deep economic problems, which are currently being experienced by the region. Some of which is because of the various policies and regulations that have been altered due to its unfortunate arrival in the area. The main issues facing most of Africa due to this terrible epidemic are the high expenses of health care and its limited access, poor economic performances, the decline of the labor market, the poor being affected the most, and agricultural & loss of farm output.
This in return has caused people and African governments to try and come up with policies to mitigate the effects of this terrible disease. These policies were put into place with certain fundamental aspects, which meant to create a positive outcome, in order to restrain all or some of the damages that this disease has brought upon the continent. The World Bank is amongst the most reliable sources that produce data on the economic progress of African countries. It has advised that though there are several elements related to poor economic performance, HIV/AIDS is among the worst. The effects instigated from this disease can be seen as direct and indirect costs. Direct costs are the ones related to any treatment cost related with HIV linked illnesses. This has exhibited serious repercussions for health care budgets around the continent. In addition, poverty makes the African population at vulnerable stages since any access to medical care is extremely expensive and most people cannot afford it (Seidl 2007). On the other hand, the unintended costs are more problematic to quantify as they represent the loss of the current value of future earnings, the loss of current wages,
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