posted
Sub-Saharan Africa is the poorest region in the world, suffering from the effects of economic mismanagement, corruption in local government, and inter-ethnic conflict The region contains most of the least developed countries in the world. The Sub-Saharan African countries form the bulk of the ACP countries. Malaria is a chronic impediment to economic development. The disease slows growth by about 1.3% per year through lost time due to illness and the cost of treatment and prevention measures. According to the World Bank, the region's GDP would have been 32% higher in 2003 had the disease been eradicated in 1960.[44]
The population of Sub-Saharan Africa was 800 million in 2007.[45] The current growth rate is 2.3%. The UN predicts for the region a population of nearly 1.5 billion in 2050.[46]
Sub-Saharan African countries top the list of countries and territories by fertility rate with 40 of the highest 50, all with TFR greater than 4 in 2008. All are above the world average except South Africa. Figures for life expectancy, malnourishment, infant mortality and HIV/AIDS infections are also dramatic. More than 40% of the population in sub-Saharan countries is younger than 15 years old, as well as in the Sudan with the exception of South Africa.[47]
Sub-Saharan Africa has a very high child mortality rate. While in 2002, one in six (17%) children died before the age of five,[48] by 2007 this rate had declined to one in seven (15%).[49] The leading cause of death was malaria infection.[44]
Besides bad news in Zimbabwe, Congo, Sudan, and Kenya, most African governments have become more transparent and democratic. Most African governments were elected by the people and enjoys the support of the populace. Last year 54 million Africans voted in 19 peaceful presidential and parliamentary elections.
Foreign direct investment in Africa has grown at an average of 146 per cent a year over the last 22 years to reach US$36 billion in 2007, while trade between Africa and the rest of the world particularly Asia has been steadily increasing. Most notable, bilateral trade between China and Africa jumped 45 per cent in 2008 to reach US$107 billion, the bulk of which went to Sub-Saharan Africa.
Real economic growth in 2 out of 5 Sub-Saharan countries was triple that of the US economy last year, on a pace that rivals that of Southeast Asia in 1980. African economies from Senegal to Benin to the Democratic Republic of Congo are more diversified. Growth in the region is expected to hit 6.5 percent.[50]
Sub-Saharan Africa’s economy will probably expand 1.3 percent this year, down from 5.5 percent in 2008, and compared with a forecast of 1.5 percent made by the IMF in July. Growth will rebound to 4.1 percent in 2010 as global trade improves.[51]
Posts: 156 | From: Atlanta, Georgia, USA | Registered: Mar 2010
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posted
"Real economic growth in 2 out of 5 Sub-Saharan countries was triple that of the US economy last year, on a pace that rivals that of Southeast Asia in 1980. African economies from Senegal to Benin to the Democratic Republic of Congo are more diversified. Growth in the region is expected to hit 6.5 percent.[50]"
Good to hear. Thanks.
-------------------- Across the sea of time, there can only be one of you. Make you the best one you can be. Posts: 4028 | From: NW USA | Registered: May 2005
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posted
For centuries Europeans have been going through unimaginable effort into displacing African industries. Europeans have gone through, and will continue to go through, massive expense in order to suppress African economies
There would be much more growth if it were not for this absurd kind of competition
This is an interesting article, I recommend reading the whole thing:
quote: If I had my own way, I’d stop US rice coming into the country - and I tell you, if it didn’t come in, we would have prospered and we’d be out of poverty.
Al-Hassan Abukari, a rice farmer in northern Ghana
quote:Originally posted by osirion: "Real economic growth in 2 out of 5 Sub-Saharan countries was triple that of the US economy last year, on a pace that rivals that of Southeast Asia in 1980. African economies from Senegal to Benin to the Democratic Republic of Congo are more diversified. Growth in the region is expected to hit 6.5 percent.[50]"
Good to hear. Thanks.
Eco Growth does not help the regular people "the poor", all the benefits go to a few rich elite business people and the corrupt government officials. Sometimes, you amaze me at your lack of objective analysis. Posts: 156 | From: Atlanta, Georgia, USA | Registered: Mar 2010
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posted
The bottom of your post says you live in the United States. How do you feel about billions of tax payer dollars going for the sake of suppressing these economies in "3rd world nations"?
Posts: 2642 | Registered: Sep 2007
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posted
Why this is silly pseudo-racial categorization? North Africa--with its populations of "blacks and off-black" types--if one uses racial parlance is no better. They are practically drowning in poverty in Egypt and Morocco is just a down-in-the dumps place. And they all are living on the dole from somewhere--with Egypt getting a tidy $2 billion free chunk every year for Sadat's obsequious bowing to that ugly syster, Kissinger.
Sure, Africans are materially power--thanks to the cowardice, ignorance, greed, and arrant stupidity of its governments, but person for person Africans are better off than the average Indian[just visit India and you will see] and average Central Asian.
If Africa--I reject the stupidly racist term "SSA"--was so poor then explain why all the major cities of Africa are choked with paid for cash vehicles, why most urban Africans carry cell phones, most have televisions and DVDs[that explains why Nollywood films are so popular] and why most Africans are healthy[except for the confounded malaria ever so often]--with the proof being that Africa's athletes and soccer players by far outperform anything Asia can manage to do.
Posts: 5492 | Registered: Nov 2004
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quote:Originally posted by osirion: "Real economic growth in 2 out of 5 Sub-Saharan countries was triple that of the US economy last year, on a pace that rivals that of Southeast Asia in 1980. African economies from Senegal to Benin to the Democratic Republic of Congo are more diversified. Growth in the region is expected to hit 6.5 percent.[50]"
Good to hear. Thanks.
Eco Growth does not help the regular people "the poor", all the benefits go to a few rich elite business people and the corrupt government officials. Sometimes, you amaze me at your lack of objective analysis.
Now we know you are not an Egyptian, as majority of Egyptians esp. those in rual areas live in poverty no different than other Africans.
The proportion of Egyptians living in absolute poverty has risen despite relatively rapid economic growth this decade, the head of United Nations operations in Egypt said on Wednesday.
Between 2000 and 2005 the absolute poverty rate rose to 19.6 percent from 16.7 percent of the population, U.N. resident coordinator James Rawley told a news conference.
"One in every five Egyptians cannot meet their basic living needs," he added, quoting a survey completed in June.
A U.N. official said that "living in absolute poverty" and "unable to meet basic demands" were synonymous terms. "We're a bit surprised frankly that this is taking place. It's probably not just statistics. There are structural problems that have to be overcome before we see this resulting in reductions in the poverty rates," Rawley told Reuters later.
Over the five-year period, the Egyptian economy showed cumulative real growth of about 21 percent, and the rate of growth has since accelerated, to 7.1 percent in the financial year 2006/7, which ended in June.
Foreign direct investment in Egypt has also increased dramatically in the last two years and the World Bank said this month that Egypt was one of the countries which had made most progress in improving its business climate.
"We're seeing a lag there between these positive trends ... and declines in poverty. They are not showing up in the short run," Rawley said.
Rawley said Egypt was not the only country where poverty spread in the midst of economic growth. He said he was confident the government was committed to poverty reduction and that Egypt could meet the U.N. Millennium Development Goals.
Egypt's goal is to cut the proportion of people living on under $1 a day to 12.1 percent by 2015, from 20.2 percent now, a U.N. document said.
Rawley said poverty was disproportionately high in southern Egypt and in the countryside, with two thirds of the poorest people living in the south.
The government is offering companies incentives to invest in the south, which has suffered historically because it is remote from major markets and levels of education are lower.
Rawley was speaking at the launch of a campaign to publicise the Millennium Goals, which were adopted at the Millennium summit in New York in 2000 and which include poverty reduction.
People ALL over africa are suffering not just Sub-Sahran, except for maybe Lybia almost all African people have to deal with Poverty. Also Poverty is a problem in Latin America and India despite the better economies majority of those populations live in poverty.
Posts: 8804 | From: The fear of his majesty had entered their hearts, they were powerless | Registered: Nov 2007
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Wealthiest 5 North African Countries---Mauritius, Libya, Egypt, Tunisia, Algeria
Total GDP= $47,900
Now let's compare it to the top wealthiest South American countries---Chile, Argentina, Brazil, Urguay, Venezeuala
Total GDP-- $66,900
Now compare it to 5 of the wealthiest countries in Asia--- China, Armenia, Thailand, Azerbejan, Kazakhstan
Total GDP = $42,900.
For Asia, I chose the top 5 *developing* or 3rd world countries, I intentionally left out the developed countries who are already on par with the U.S. and Europe.
Posts: 82 | Registered: May 2010
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quote:Originally posted by osirion: "Real economic growth in 2 out of 5 Sub-Saharan countries was triple that of the US economy last year, on a pace that rivals that of Southeast Asia in 1980. African economies from Senegal to Benin to the Democratic Republic of Congo are more diversified. Growth in the region is expected to hit 6.5 percent.[50]"
Good to hear. Thanks.
Eco Growth does not help the regular people "the poor", all the benefits go to a few rich elite business people and the corrupt government officials. Sometimes, you amaze me at your lack of objective analysis.
"Real economic growth in 2 out of 5 Sub-Saharan countries was triple that of the US economy last year"
Sounds like hope to me.
Posts: 4028 | From: NW USA | Registered: May 2005
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