Africa: Resource-Rich and Financially Poor?

Excerpts from the Paper

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...

.....can contributions.
References
Amin, S. (2004). The Millennium Development Goals: A Critique
from the South. Monthly Review. Retrieved 20 March 2010 from http://www.monthlyreview.org/
Heatherington
, L., Brown, T., Benham, A., Bide, T., Lusty, P.,
Hards, V., Hannis, S., and Idoine, N. (2007). World Mineral Production 2002-06. London: British Geological Survey.
McKay, A. and Sumner, A. (2008). Economic Growth, Inequality and
Poverty Reduction: Does Pro-Poor Growth Matter? IDS in Focus, Iss. 3, No. 2.
Yager
, O., Mobbs, P., Newman, H. and Wilburn, D. (2005). The
Mineral Industries of Africa. 2005 Minerals Yearbook. U.S. Geological Survey. Retrieved April 22, 2010 from http://minerals.usgs.gov/minerals/pubs/country/2005/myb3-sum-2005-africa.pdf