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After an initial rebound from the 2009 world economic crisis, Africa's economy was undermined in the year 2011 by the Arab uprisings. The continent's growth fell back from 5% in 2010 to 3.4% in 2011. With the recovery of North African economies and sustained improvement in other regions, growth across the continent is expected to accelerate to ...
The first agriculture in Africa began around the Sahel and the south of the Sahara Desert, which in 5200 BC was far more moist and densely populated than today.Several native species were domesticated, most importantly pearl millet, sorghum and cowpeas, which spread through West Africa and the Sahel.
Once the people in these countries have become educated enough and they realize their place in the world economy, they can also demand help from the core countries. Although unlikely, due to the fact that the core countries rely on the exploitation of the periphery, there have been pushes for core countries to help better the periphery countries.
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2]
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
In Africa, states that have emphasized import-substitution development, such as Zimbabwe, have typically been among the worst performers, while the continent's most successful non-oil based economies, such as Egypt, South Africa, and Tunisia, have pursued trade-based development. [22] According to economic historian Robert C. Allen, dependency ...
The World Bank aims at giving a broad picture of development across Africa, including 53 countries in five different country-groups. [2] While most of the data is provided by the World Bank, a lot of it comes from different sources which is then put together under the World Bank Africa Development Indicators.
It was drafted in Lagos, Nigeria in April 1980, during a conference which included a variety of African leaders. [2] The plan blamed Africa's economic crisis on the Structural Adjustment Programs of the World Bank and International Monetary Fund and the vulnerability of African economies to worldwide economic shocks, such as the 1973 oil crisis. [3]