1. Africa
A factor contributing to Africa's inability to manage itself effectively is the colonial economic system, which has been thrust prematurely upon Africa, and which has relegated the African economies to a peripheral third-world status within the world economy. ... For the wealthy in Africa, the market is a wonderful benefit, offering goods that Africa does not manufacture. ... In pre-colonial Africa, Africans would produce for their own use in local markets, and did not conceive of production for trade in global markets. ... African economies have become import-and-export-dependent; such a...
- Word Count: 917
- Approx Pages: 4
- Grade Level: Graduate