Skip to main content

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.


Popular posts from this blog

Agriculture: A business response to economic growth in the sub-Sahara. Part 1

Some of the major issues that the Africa sub-Saharan is expected to face is in the years  ahead are food issue, the population growth, exponential increase in the unemployment  rate etc.... All are inextricably linked. One is the cause of another and so on. 
Some 795 million people in the world and especially in the Sub-Sahara do not have enough food to lead a healthy active life. That's about one in nine people on earth.Sub-Saharan Africa is the region with the highest prevalence (percentage of population) of hunger. One person in four there is undernourished.( Source World Food Program)
There is the paradox: Africa continent has  is huge surface favorable for agriculture and a good weather, but only a few percentage is used for agriculture and most a huge amount of food crops is for export, while most of its people die every day of hunger especially in the corn and in the sub-sahara.
Who is to blame for this issue? Governments? The policy makers? Farmers? Or the nature?
The population…

The youth and the employment situation in Togo.

Since 1993, when Togo got into the democracy process, the economic and the social
conditions were affected by the political crisis that emerged from the lack of democracy
and respect of human rights by the Togolese authorities. The young people
unemployment is one of the major problems that the country is facing. They seem left to
themselves. Most of them who are University graduates have to ride Taxi Motorcycles
Called “ZEMIDJAN” (in the local language) to survive. What are the causes of the
problem? And how can they be tackled? These are few questions we shall try to answer
in this small article.

The causes of young people unemployment in Togo.

Six major causes can be highlighted. These are:

This a major cause that is blocking the government to create more jobs for the young people. The financial resources allocated to cope with unemployment are misused. They are used for personal expenses.

2-Lack of efficient employment policy.
Since Togo got into democracy process, the country got…