How to reach economic development in the sub-Sahara?
Economic development is the goal that all African nations
should strive to reach in this 21st century. It is obvious that
without economic development there cannot be poverty alleviation. It is only
through the application of sound economic policies that African nations
especially in the sub-Sahara will overcome the threatening issue of poverty. Economic
development specialists agree on four priorities that should be highlighted.
What are they?
1- Develop agriculture
The
industrialization success depends on the standard of living of the rural areas
population. Agriculture development is vital not only because it is the sole
mean to provide food to the population, but it is also the way to reduce
significantly unemployment and curb the drift from the land. It also helps
diminish significantly the dependence on the western and Asian countries. For
instance if rice is to be grown extensively (there is enough land and a
favorable condition), it will help diminish significantly the import of rice
from Asia.
2- Slow down demographic growth.
It is
estimated that African population will reach over 1 billion in 2050. It means
more people to feed. If governments are unable to feed the few population they
have now, how will they deal with the inescapable reality of the population
growth. It more awareness campaign and real policies to improve women’s
standard of living are prerequisites to population growth control.
3- Invest in the human capital.
Western
countries have the monopoly of technology and fundamental research. They offer
then more opportunities for researchers and intellectuals. It is the major reason why African
intellectuals flee the continent. In order to stop that from happening India
has invested in research facilities around the country. It is obvious that it
keeps the brains in the country. It has set India on the path of technology
creativity. India is now among the most creative nations on earth and is now
among the G20 group. It is an example for African nations. Technology can be a
mean to reach economic development.
4- Create a Welfare State.
Political
stability and social welfare are prerequisite to economic development.
Therefore governments should strive to maintain a peaceful political atmosphere
in their countries. It is a signal for foreign investors who will not hesitate
to invest in the country, obviously opportunities for job creation and poverty
alleviation.
In
conclusion, economic development can only be reached through the application of
sound economic policies. It will not come from a miracle or from the western
countries or from a Marshall plan.
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