Nasra S.. Hassan Professor Tade Okediji Revised Summary 4: Poverty in Africa Poverty in Africa As Ellen Johnson Sirleaf, the former president of Liberia said “Africa is not poor, it's poorly managed. Sub-Saharan Africa is more impoverished than most nations. Poverty in Africa is paradoxical. Africa is most rich in terms of natural resources and yet the poorest in development, a condition that economists have referred to as “resource curse.” The continent has about 30% of the world's known mineral reserves; it includes diamond, gold, uranium, and vast reserves of oil and natural gas, of which a large quantity still lies untapped. Other resources include rivers, lakes, wildlife, and forests. About 220 million people in the SSA live in poverty, according to brooking.edu from 1990-2015 “people living in poverty” had an “income of less than 1.90 a day... As of 2015, most of the global poor live in sub-Saharan Africa” The region has many nations whose GDP per capita falls below 5200 US dollars per year. This -paper, will address why Africa is still in poverty and ways to improve its citizens.
According to Acemoglu & Robinson’s article, “Sub-Saharan Africa is the poorest part of the planet.” 28 of the poorest countries in the world are in Africa. Africa has a lack of necessities like food, access to clean water & sanitation, education, and health just to name a few. Sub- Saharan Africa has six out of the ten fastest-growing economies; however, it is still requiring aid from western countries. They also state that “the income per-capital of the poorest countries such as Ethiopia or Sierra Leone differ from those of prosperous OECD...” The government from Africa seems to have more greed and don’t care about its people, “The main reasons that African nations are poor today is their citizens have very bad interlocking economic and political incentives”. Inadequate Income/Unemployment Although Africa possesses of ethnic and numerous resources, they are poorly distributed among countries and within states/regions in those countries. In Africa, the severity of poverty is shown by the fact that most of the countries are unable to financially support undertakings like elections or referendums without foreign aid. It is also a fact that small workshops and
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- Fall '19