Africa: Resource-Rich and Financially Poor?


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Essay #: 059813
Total text length is 7,703 characters (approximately 5.3 pages).

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The beginning:
Africa: Resource-Rich and Financially Poor?
Most of the countries of Africa are considered to be very rich in natural resources, and yet they are most often classified as economically poor by international governments and transnational organizations. The challenge involved in this classification is that there is often an underlying assumption tied to prejudice about the value of the African economy which informs this opinion. At the same time, there is some validity to the statement which needs to be taken into consideration. Nonetheless, it is important to examine how and why beliefs about African wealth are developed to make a fair assessment. This essay serves to do so, by looking at an example of resource management, namely the mineral...
The end:
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