ECON102-Notes for Lecture 9

ECON102-Notes for Lecture 9 - SFU ECON102 2011 Spring...

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SFU ECON102 Spring 2011 Lecture #9 Africa -Africa is not a country, is continent with 53 countries. - Ethnical vs. political borders Political borders of the states in Africa have very little in common with the borders of ethnic communities, often just cut through the latter ones arbitrarily, or lump together two or more different ethnic communities. Video-colonialism in 10 minutes: the scramble for Africa. (youtube) What causes Africa’s underdevelopment (from “The Bottom Billion”): 1.Frequent armed conflicts (coups, civil wars, wars with other countries) 2.High value natural resources that can be easily exported 3.Being land-locked + bad neighbors 4.Bad governments The question of foreign aid Timeline: - Since 1945- Cold War- Africa divided - USA heavily financing 1970-1990s - USSR: first financial aid, then military aid since 1970s 1
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- 2000s: showbiz got on board Foreign aid: again, it is shaped by two contradictory trends: - The early efforts of a small group of well-meaning people to
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ECON102-Notes for Lecture 9 - SFU ECON102 2011 Spring...

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