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03 Jul

Does it not continue to disturb us all that despite the resources Africa has, we continue to remain poor. What must be done?

choforche

December 6, 2010
Development Briefing Paper no. 6

Why Is Africa Poor?

by Greg Mills

Greg Mills is the Director of the Brenthurst Foundation, which is based in Johannesburg, South Africa. He is the author of Why Africa Is Poor — and What Africans Can Do About It (Johannesburg: Penguin, 2010).
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Sub-Saharan African countries have not fulfilled their potential since independence. While other developing countries and regions have grown over the past 50 years, much of Africa has stagnated. African leaders have become adept at externalizing blame, holding others responsible for Africa’s failings. Yet African leaders — not a lack of capital, access to world markets, or technical expertise — are to blame for the continent’s underdevelopment.

As Asian countries have shown, African countries must liberalize their economies to grow. Africa must embrace globalization and trade with the…

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Posted by on July 3, 2012 in Uncategorized

 

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