2. Concept
Resources: Something of value. It´s value can
vary depending on human needs.
Natural: Found in the natural environment. They
can be classified into: renewable and
nonrenewable.
Advised reading: book, Chapter 4,page 108.
4. Question
Ask yourself: What kind of resources do you use
daily?
Fossil fuels? Nuclear energy? Water power? Electricity? Solar?
5. Question
Ask yourself: What kind of resources do you use
daily?
Fossil fuels? Nuclear energy? Water power? Electricity? Solar?
Ask yourself: Food? Water? Soil?
What would happen if they run out?
6. Question
Ask yourself: What kind of resources do you use
daily?
Fossil fuels? Nuclear energy? Water power? Electricity? Solar?
Ask yourself: Food? Water? Soil?
What would happen if they run out?
HOW DO YOU PUT A PRICE ON THESE
IMPORTANT ASSETS?
7. African Economy
Basics:
It is through the sectors of Africa's work industry that the
economy can be maintained. Most of this is contributed to
exporting of goods.
What does that mean?
8. African Economy
Basics:
It is through the sectors of Africa's work industry that the
economy can be maintained. Most of this is contributed to
exporting of goods.
What does that mean?
This is due to the smaller amount of secondary industries
available in the continent. In 2009, 87% of Africa's economy was
from exportation alone.
10. African Economy
Agriculture:
Around 60 percent of African workers are
employed by the agricultural sectors, with
about three-fifths of African farmers
being subsistence farmers.
Subsistence farms provide a source of food
and a relatively small income for the family, but
generally fail to produce enough to make re-
investment possible. Larger farms tend to
grow cash crops such as
coffee, cotton, cocoa, and rubber.
11. African Economy
Cash crops:
Crops that do not grow easily in a northern
climate
Ex: Coffee, cotton, cocos, rubber…
12. African Economy
Mining and Drilling:
Africa's most valuable exports are minerals and
petroleum. A few countries possess and export
the vast majority of these resources. The
southern nations have large reserves
of gold, diamonds, and copper. Petroleum is
concentrated in Nigeria, Angola, its neighbors,
and Libya.
13. African Economy
Mining and Drilling:
While mining and drilling
produce most of Africa's
revenues each year, these
industries only employ about
two million people, a tiny
fraction of the continent's
population. Profits normally
go either to large
corporations or to the
governments. Both have
been known to squander this
money on luxuries for the
elite or on mega-projects that
return little value
15. African Economy
Fresh Water:
Africa contains many lakes and rivers, fostering a
small fishing industry. The deep rivers of Africa
have significant hydroelectric potential value.
Lake Victoria is Africa's 2nd largest lake. Lake
Volta in Ghana is the world's largest artificial lake.
From lake Victoria the river Nile originates. The
Nile ends at Mediterranean Sea. Its waters serve
as means of transportation also.
16. African Economy
Economic Underdevelopment:
This is partly due to its turbulent history. The
decolonization of Africa was fraught with
instability aggravated by cold war conflict. Since
the mid-20th century, the Cold War and increased
corruption and despotism have also contributed
to Africa's poor economy.
17. African Economy
Economic
Underdevelopment
Geographic: Africa has the
largest hot desert and the
second largest tropical
forest in the world that
hinder building
transcontinental means of
transportations, hampering
its economy. In the center
of the continent, on the
western side, an almost
impenetrable rainforest
impedes the transit of
people and goods. The
Sahara creates an obvious
barrier to trade from the
north.
19. African Economy
Economic
Underdevelopment
WAR: Since
independence, Africa has
seen dozens of wars, both
civil and international. This
has contributed to poverty
because states have
spent their scarce
resources on military
equipment and supplies.
Development has
suffered, since warfare
has scared off foreign
investors, destroyed
infrastructure, and created
lasting animosities.
20. African Economy
Economic
Underdevelopment
Disease: The tropics are more
hospitable to disease than the
colder climates. The most
significant illness has long
been malaria. Since the tropical
regions are poorer,
pharmaceutical companies are
reluctant to invest in curing the
diseases of the region. Disease
reduces productivity and
creates a health care cost
burden.
21. African Economy
Economic Underdevelopment
Poverty brings more poverty: Africa's
economic malaise is self-perpetuating, as it
engenders more of the
disease, warfare, misgovernment, and corruption
that created it in the first place.
