Property Rights In Sub-Saharan Africa

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Property rights are fundamental to a free economic system. Such rights to capital and distribution are by far the crucial catalyst to build wealth and opportunity. Early American forefathers got it right when the United States was formed to ensure that property right is and always should be the key tenets, firstly to our governmental system with the benefits derived in an open economy. In Sub-Saharan Africa, property rights are not well protected. Because of the lack in protected private property rights, Africa’s economy is unable to expand and grow to a profitable, stable continent. Unprotected property rights affect the standard of living in Sub-Saharan Africa by negatively affecting their living situations. In The Shackled Continent, Robert …show more content…

From the perspective of property rights, private rights provide the tools needed for owners to make decisions of allocation, assignment and disposition. By having this protection from a threatening governmental control, the owner is provided with a wide range of options to drive their individual destiny. Property owners can decide to hold onto an undeveloped property, sell the property, build upon and ultimately create their own form of an economic environment. If the African’s held property rights to the lands where they build their foundation of living, they would be able to sell sections of the land and create a profit rather than simply subsistence farming for …show more content…

This could be directly applied to an African nomad with whom Guest speaks. Zimba, a poor Malawian farmer, “grows corn, beans, cassava, and tobacco on a couple of hectares which he inherited from his parents” to support his wife and baby daughter (Guest 79). He claims that he has plenty of land to produce a profitable farm, but he lacks the fertilizer and seeds he needs to cultivate it. Borrowing the resources from loan sharks, or “caterpillars” in Malawian terms, is impossible because of the high interest rates they charge. Some villagers borrow and lend to each other in organized groups, but Zimba is too poor and is not accepted into the groups. When the government finally steps in to aid the farmers, they only deliver a small handful of “starter packs” with fertilizer and seeds to a village of almost one thousand desperate farmers. Camilla Toulmin, a British economist and Director of the International Institute for Environment and Development, describes, “at one time land seemed an almost inexhaustible asset in Africa, but population growth and market development have created mounting competition for land resources, especially close to towns and cities, and in the productive, high-value agricultural areas” (Toulmin 29). In Zimba’s situation, the lack of land

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