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General Overview of
African Economics
Alieke Baeke
Introduction
Millenium Development Goals
Africa today
The history of Africa
What to do about these problems
Conclusion
I. Millennium Development Goals
Between 2000 and 2015
Encourage development
– Improving social and economic conditions
8 g...
I. Millennium Development Goals
II. Africa today
Link between political and economical
development
Growth of 5 % in 2003
What’s going on?
– Founding of a ...
II. Africa today
Poorest region in the world
Income
Life expectancy
II. Africa today
II. Africa today
III. African history
Countries with high-value natural resources
Conflict: vicious circle
Other problems
– Railways and ro...
III. African History
III. African history
Faults
– Not diversifying African economies away from
reliance on their primary commodies
– Unattract...
III. African history
African’s relationship with rich countries
– Trade
• World trade from six to two percent
• Industrial...
III. African history
African’s relationship with rich countries
– Debt
• Strong resentment
• Incurred by unelected leaders...
III. African history
Africa’s relationship with rich countries
– Aid
• Ineffective, stolen or wasted
• How to handle aid e...
IV. Solutions
Why take action now?
– Lots of people are dying needlessly every
day(actions for short-term survival)
– The ...
IV. Solutions
Weak government
– Build capacity
– Answer of the government to the people
– In need of foreign investors
The...
IV. Solutions
Poverty
– a healthy and educated workforce
– Invest in African health and education
– Increase funding water...
IV. Solutions
Trade
– internal changes
– reduce and simplify tariff systems
– reform excessive bureaucracy and corruption
...
IV. Solutions
Where will the money come from?
– an additional $25 billon a year
– one more additional $25 billion a year b...
V. Conclusion
Improvements between 2005 en 2010
– Growth rate of 6 percent between 2003 en 2008
– Reform of the government...
V. Conclusion
Some countries are able to meet the goals and
others are not.
Share of poor people declines but number of po...
General overview of african economics
General overview of african economics
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General overview of african economics

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This is a presentation about the current situation in Africa, using a report from 2005 and 2010. It was made for the subject 'raising business awareness between EU and Africa' that is teached by mr. Owusu at the Hochschule Deggendorf in Germany.

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General overview of african economics

  1. 1. General Overview of African Economics Alieke Baeke
  2. 2. Introduction Millenium Development Goals Africa today The history of Africa What to do about these problems Conclusion
  3. 3. I. Millennium Development Goals Between 2000 and 2015 Encourage development – Improving social and economic conditions 8 goals Help of the industrialized countries
  4. 4. I. Millennium Development Goals
  5. 5. II. Africa today Link between political and economical development Growth of 5 % in 2003 What’s going on? – Founding of a new entrepreneurship – A growing middle class
  6. 6. II. Africa today Poorest region in the world Income Life expectancy
  7. 7. II. Africa today
  8. 8. II. Africa today
  9. 9. III. African history Countries with high-value natural resources Conflict: vicious circle Other problems – Railways and roads of colonial times – Divided by western people – Lack of any geographic, ethnic or political c coherence – Favourism of some groups – Cold war(1970s)
  10. 10. III. African History
  11. 11. III. African history Faults – Not diversifying African economies away from reliance on their primary commodies – Unattractive place to invest or keep money – In need of a healthy and skilled workforce
  12. 12. III. African history African’s relationship with rich countries – Trade • World trade from six to two percent • Industrial countries subsidize their agriculture • Taxes on goods exported to developed countries
  13. 13. III. African history African’s relationship with rich countries – Debt • Strong resentment • Incurred by unelected leaders • A lever to dictate policy • Difficulties paying interest, not even speak of the capital
  14. 14. III. African history Africa’s relationship with rich countries – Aid • Ineffective, stolen or wasted • How to handle aid effectively? Weak governance and absence of an effective state Reductions in poverty = economic growth
  15. 15. IV. Solutions Why take action now? – Lots of people are dying needlessly every day(actions for short-term survival) – The population of Africa’s exploding – The best chance to make changes Other point of view on development
  16. 16. IV. Solutions Weak government – Build capacity – Answer of the government to the people – In need of foreign investors The need for peace and security – Invest in development = invest in peace – Building the capacity of the African states – Foundations for durable human security
  17. 17. IV. Solutions Poverty – a healthy and educated workforce – Invest in African health and education – Increase funding water supplies Reduction of growth and poverty – Public and private sectors need to work together – Create an environment to attract investors – Investment in infrastructure
  18. 18. IV. Solutions Trade – internal changes – reduce and simplify tariff systems – reform excessive bureaucracy and corruption by public servants – dismantle the taxes against African goods – abolish unfair subsidies
  19. 19. IV. Solutions Where will the money come from? – an additional $25 billon a year – one more additional $25 billion a year by 2015 – Two conditions • Good governance • improve the quality of aid and how it’s delivered
  20. 20. V. Conclusion Improvements between 2005 en 2010 – Growth rate of 6 percent between 2003 en 2008 – Reform of the governments – Decline of violent conflict – Debt and aid have been relieved – Not on track to meet the millennium goals
  21. 21. V. Conclusion Some countries are able to meet the goals and others are not. Share of poor people declines but number of poor increases Which kind of aid will be effective? Does it matter whether Africa doesn’t have to pay back a piece of their loans? Can Africa get through their own financial crisis? What about countries that can’t meet their goals?

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