African Culture: From Corruption to Change
According to Transparency International, within the continent of Africa, the majority of countries (vast majority) slant towards the bottom of the scale of corruption, with Somalia and South Sudan having the lowest ratings of all the countries, yet other countries are thriving such as Batswana and Namibia. (Transparency International, 2014) Among the issues facing many of these countries is the issues of abject poverty, poor government infrastructure, and corruption making it difficult for businesses to thrive in many of these countries, despite their incredible resources. It is important to explore the spectrum of why some countries have thrived through globalization and others have failed, and how some parts of Africa begun to thrive.
The paradox is that many of these countries are rich in raw materials and resources making it ideal to do business: however, the average business is savvy enough to stay away from countries that have …show more content…
The mortality rate is far too high in the country and that is largely due in part to the high cost of drugs, of which many citizens cannot afford due to the poor economy for many of South Africa. Diseases many Westerns are immune from, many South Africans could benefit from, but these pharmaceutical companies do not want to let go of their patents. While many of these same companies will offer to sell drugs to many African countries at reduced prices, but many companies in more developed countries do not want to give up their money-making patents. In doing so, they are opening up the market for countries like India and China to make generic forms of the drug at much lower prices, sometimes as little as one-tenth the cost, which can still yield a nice, hefty
According to Transparency International, within the continent of Africa, the majority of countries (vast majority) slant towards the bottom of the scale of corruption, with Somalia and South Sudan having the lowest ratings of all the countries, yet other countries are thriving such as Batswana and Namibia. (Transparency International, 2014) Among the issues facing many of these countries is the issues of abject poverty, poor government infrastructure, and corruption making it difficult for businesses to thrive in many of these countries, despite their incredible resources. It is important to explore the spectrum of why some countries have thrived through globalization and others have failed, and how some parts of Africa begun to thrive.
The paradox is that many of these countries are rich in raw materials and resources making it ideal to do business: however, the average business is savvy enough to stay away from countries that have …show more content…
The mortality rate is far too high in the country and that is largely due in part to the high cost of drugs, of which many citizens cannot afford due to the poor economy for many of South Africa. Diseases many Westerns are immune from, many South Africans could benefit from, but these pharmaceutical companies do not want to let go of their patents. While many of these same companies will offer to sell drugs to many African countries at reduced prices, but many companies in more developed countries do not want to give up their money-making patents. In doing so, they are opening up the market for countries like India and China to make generic forms of the drug at much lower prices, sometimes as little as one-tenth the cost, which can still yield a nice, hefty