Sub-Saharan Africa

1684 Words4 Pages

Development has come to be the focal point of attention by governing entities around the world. For a long time, the notion took on a strictly economic dimension as it referred to the ability of a national economy to generate and sustain a steady annual increase in its Gross National Product (GNP) between 5 and 7 %. Development also entailed a change of the configuration of the landscape of production, shifting from a predominantly agrarian economy to an industrialized one. Empirical evidence has, however, shown that while developing nations were able to meet these levels of growth, they did little to nothing in regards to the improvement of the living standards of its people. As a result of it’s lack of comprehensiveness, the concept of …show more content…

When measuring the challenged faced by these countries, it is important to recognize that speaking on their development and the elimination of poverty entails looking beyond the economic scope. This complicates our understanding of growth and development emphasizing the fact that development does not only emcompasse economic growth & rising incomes but that it is not severable from social, political and cultural …show more content…

The argument states that the removal of subsidies from the North would allow for African farmers to see their shares in the market grow. However, there has rather been a growing reliance of SSA countries on the export of primary commodity goods. Indeed, there was an increase in the percentage of exports of these goods from nineteen ninety five to two thousand, which , for these countries increased from 70.48 to 78.44%. This same study shows that their share of agricultural export diminish from 17.75 to 11.32%. This aggregation of all primary commodities combined with the falling share of agricultural exports is likely due to the oil and other minerals prices exceeding that of agricultural goods. It is mainly the major petroleum exporters that had a low percentage export of agricultural products. Indeed, their share in agricultural exports went from 3.15 percent to 1.34 percent. Thus, the dependency that existed when Africa mainly relied on one trading partner arises again, this time, it is because of lack of diversity of the exported good. This specialization is however a result of terms of trades, from which the continent has been subjected to despite the

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