Advantages And Disadvantages Of African Countries

753 Words 4 Pages
African countries have suffered from poverty and the relatively backward economy for a long time. What makes African countries historically relative poor, economists presented different ideas. As along with the spread of disease, chaotic social system, African countries stuck in a dilemma. Although political independent and globalization provided a lot of opportunities, the limited wealth and the low income restrict the investment for future development so that local people can only maintain living standards at the basic level. The extensive gap in welfare, health, living standard and economic opportunities have been affected African countries over time. At the same time, the geographical disadvantages of African countries further put Africa at a disadvantage. Low agricultural productivity, extreme climate conditions and diminished traditional culture composed the impediment to development.

In addition to this, one of the most important factors has been disputed, which is ‘institution’. Namely, how could the countries mechanism and regulation can create job and enhance productivity and eventually promote the wealth accumulation.
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Except the majority of superior labor force in slave trade, the remaining labor force tried to flee and escape from persecution. Therefore, with the insufficient labor force, African countries was struggled in improving their own economy. In 400 years slave trade history, 10 million direct population had been transported from African countries. It has been declaimed that if there is no slave trades, the population of Africa would be doubled. The large population losses of African countries offset the reasonable population growth, which caused the shortage of labor force and further undermined productivity. Meanwhile, high compensating birth rate as well as high mortality discouraged the stable labor force in economic

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