Example Of African Dependence On Developed Countries Essay

Type of paper: Essay

Topic: Countries, Economics, Africa, Development, World, Growth, Banking, Economic Growth

Pages: 1

Words: 275

Published: 2021/02/08

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The economy of African countries depends to a greater extent in the developed nations. There are various aspects that have made Africa dependent on other countries for its economic growth. After colonization, the colonial masters left most of the African states to advance themselves. However, the governments in most of them did not address the critical economic issues, but engaged in corruption, internal clashes, among others, and hence failed to trigger rapid economic growth. Due to this, African still depends on other countries for expatriates since the education system grew slowly. For example, China is known to venture in the constructions industry of most some countries in Africa. On the same note, diseases, and poverty (Luke Amadi, 2012), and natural disasters are common. In most cases, developed countries give aid to help in addressing these challenges. Giving aid to solve the problems makes the countries dependent since they do not lay down the necessary infrastructure. The imbalance of trade has also led to African states depending on developed countries since they cannot earn enough from trade to fund their economies. The World Bank and the IMF have been advancing huge loans to the Africa States that has made them depended on them.
Financial Aid is common if most African states. Currently, DRC is enjoying World Bank financial aid to fight poverty, increase energy production, and other sectors. World Bank anticipates that tackling these problems would increase the growth of the country.

References

Amadi L. (2012). Africa: Beyond the “new” dependency: A political economy. African Journal of Political Science and International Relations Vol. 6(8), pp. 191-203. Retrieved on April 9, 2015 from http://www.academicjournals.org/article/article1381825273_Amadi.pdf
Hyden G. (2012). AFRICAN POLITICS IN COMPARATIVE PERSPECTIVE. Cambridge University Press, 32 Avenue of the Americas, New York, NY 10013

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"Example Of African Dependence On Developed Countries Essay," Free Essay Examples - WePapers.com, 08-Feb-2021. [Online]. Available: https://www.wepapers.com/samples/example-of-african-dependence-on-developed-countries-essay/. [Accessed: 19-Jun-2021].
Example Of African Dependence On Developed Countries Essay. Free Essay Examples - WePapers.com. https://www.wepapers.com/samples/example-of-african-dependence-on-developed-countries-essay/. Published Feb 08, 2021. Accessed June 19, 2021.
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