1 Answer - Sort by: Date | Rating
Colonialism was the greatest contributor to underdevelopment in Africa as its purpose was to make the colonies producers of raw materials for the colonizers. Their raw material and labor became the fuel of the western factories and did not contribute to their own development. The terms of trade were very unfair, labor exploited and taxes very high which meant that during entire colonial period, their resources were served in supporting the economies of colonizers. Another factor is their own policies after decolonization and their diversity. There are so many tribes in Africa and their loyalty lies with these tribes not with the nation or state which made them unable to progress. Entire history of Africa is strained with wars that further aggravated the plight of the African people and resulted in the loss of precious capital. This and cup de tats have de stabilized the economies and made them unattractive for foreign investors. There is a lot of corruption and money for the development of facilities is transferred out of the country. International aid given to them had very high interest rates and led to an increase in their debt.
2
0
- Why They Face Storage Problems?
- Who Founder Of Ac Genrator Theory?
- What Is The Main Ideas Of Wealth Definition?
- Phillips Developed A Curve Which Shows Trade Off Between What?
- What Are 3 Solutions To Fix Oil Crisis?
- "Economic Backwardness Of Under Developed Country Is The Result Of Economic And Non Economic Factor. " Explain?
- How Many Years Ago Was Jesus Born?
- What Is The Percentage Of 35 Houses Unfinished Surveyed Out Of 63?
- Describe The Factors In The Big-Five Model?
- What Is The Difference Between Micro And Macro Levels Of Sociology Analysis?
- What Are The Measures To Adopt So As To Maintain A Minimum Price Control?
- What Is The Comparison Between Cardinal And Ordinal Approach?
- How Investment Multiplier Works?
- How Does A Producer Attain His Equilibrium Using The Isoquant Theory?
- Discuss The Classical And Keynesian Theory Of Interest And How Relevant Of The Keynesian Theory To His Theory Of The Demand For Money?
- What Will Be The Market Price Of Satyamcomp At The End Of The Day?
- Working Of Economic Systems With Special Reference To The Capitalistic, Socialistic And The Mixed Economics?
- How Does Inflation Affect Business?
- How Does Inflation Affect The Economy?
- What Is Demand Approach?
- Which Agency Estimates National Income Of India?
- What Tools Can The Federal Government Use To Turn The Economy Around?
- Discuss The Phases Of The Business Cycle. What Stage Is The US Currently In? How Do You Know? What Tools Can The Federal Government Use To Turn The Economy Around?
- Explain And Give Examples Of Individualistic Cultures Versus Collectivist Cultures?
- What Is Glenohumeral Instability?
- What Are The Main Reasons Of The Spreading Of HIV/AIDS In Africa?
- What Are The Reasons For Underdevelopment In Pakistan?
- 20 Reasons Why White Men Colonies Africa?
- 20 Reasons Why The White Man Colonised Africa?
- Reasons Why Training Fails In South Africa?
- What Are The 3 Main Reasons For The Skeleton?
- What Are The Main Reasons For Intrapreneurship?

New Comment - Comments are editable for 5 min.