Economic system in Africa 7.2

Question 1

Causes of underdevelopment in Africa

Answer 1

1:Soil erosion
2:Lack of education
3:Lack of human rights
4:Colonial exploitation

Question 2

Factors that caused the economic crisis in Africa after independence

Answer 2

~Corruption: Many African leaders use their economy of their countries to enrich themselves and their families , while their countrymen live in poverty

~Oil crisis: During the 1970’s, the demand of oil increased tremendously. African countries had to import oil at a very high cost which put pressure on the economy

~Education: Poor education limits effective service delivery and maintenance of existing infrastructure

Question 3

Measures taken by African countries to combat their economic problems

Answer 3

NEPAD: This was an initiative of the OAU that encouraged the projects of economic development, promotion of democracy in Sub-Sahara Africa and making Africa attractive to foreign investors

SACU: The union was made to have one custom structure controlling imports and exports in the region and member states are Namibia, Lesotho, Swaziland and South Africa

ECOWAS: It was formed in Lagos, Nigeria in which member states agreed to integrate the economies of member states and to promote economic growth

Question 4

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