6 - Africa_Jan27_10

6 - Africa_Jan27_10 - Afr ica Economic and Socio-Cult ur al...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Africa Africa Economic and Socio-Cultural Issues
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Agricultural and Natural Agricultural and Natural Resources Resources Subsistence Agriculture Remains a M ajor Source of Livelihood : - Employs 66% of the people: subsistence farming (small plots, livestock, fishing), small cash cropping - Crop rotation - Mixed agriculture - Pastoralism: practiced mainly in savannas, on desert margins, or in
Background image of page 2
Agricultural and Natural Agricultural and Natural Resources Resources Exports of Raw M aterials to the Global Economy: - Dependence on one or two raw material for export. - Dependence on raw materials exports: low diversity of economy. - Difficulty of the diversification in Africa: high tariffs by US and European Union, underdeveloped infrastructure.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
Recent Economic Crisis Recent Economic Crisis Structural Adjustment Programs (SAP): - A strategy to reclaim loans by international banks (World Bank, IMF) - Threatened to stop lending except SAP is adopted - SAP main details: i. Reduce government economic involvement
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
SAP Accomplishments in SAP Accomplishments in Africa Africa i. Tightened bookkeeping procedures: - curtailed corruption and waste in bureaucracies. ii. Reduced the power of elites to comandeer resources for own profit iii. Stopped the practice of capping food prices to appease urban dwellers iv. Closed corrupt state-owned monopolies in industry and
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 17

6 - Africa_Jan27_10 - Afr ica Economic and Socio-Cult ur al...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online