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There are a number of reasons for Africa's poor economy: historically, even though Africa had a number of empires trading with many parts of the world, many people lived in rural societies; in addition, European colonization and the later Cold War created political, economic and social instability.
Children working in granite quarries and gold mines were working 6 to 7 days a week for up to 14 hours per day. So-called "payment" is in the form of food to eat and a place to sleep. Since that time, the government has adopted a National Action Plan, and in collaboration with Interpol, have since have rescued many children from child trafficking.
South Africa * 21 17 61 2021 South Korea * 5 25 70 2021 South Sudan * 62 13 25 2021 Spain * 4 20 76 2021 Sri Lanka * 26 28 46 2021 Sudan * 41 15 45 2021 Suriname * 8 27 65 2021 Eswatini * 12 24 63 2021 Sweden * 2 18 80 2021 Switzerland * 2 20 78 2021 Syria * 12 22 65 2021 Taiwan * 5.2 35.9 58.8 2010 est.
Kibera is the largest slum in Nairobi, Kenya.. Poverty in Africa is the lack of provision to satisfy the basic human needs of certain people in Africa.African nations typically fall toward the bottom of any list measuring small size economic activity, such as income per capita or GDP per capita, despite a wealth of natural resources.
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In South Africa, this idea is known as the first (capitalist, high-profit industries) and second (underdeveloped) economies. [6] The first economy contributes to the majority of South Africa's wealth and is integrated within the world economy. The second economy consists of low-skilled and outdated jobs.
The economy of Gabon is characterized by strong links with France, large foreign investments, dependence on skilled foreign labor, and decline of agriculture. [11] Gabon on paper enjoys a per capita income four times that of most nations of Africa, but its reliance on resource extraction industry fail to release much of the population from extreme poverty, as much of 30% of the population ...
The major industries driving the Kenyan economy include financial services, agriculture, real estate, manufacturing, logistics, tourism, retail and energy. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa , behind Nigeria and South Africa .