Sources of slow growth in African countries

Introduction Economic growth takes place when there is both an increase in the field income of a country, or in the countrys profitable dexterity, this harvestive capacity being the country ability to generate case income. (Gross national product) There ar many challenges faced by roughly sub-Saharan African countries including Zimbabwe in trying to come through sustained scotch growth. some of the constraints stem from the social, political, economic and heathen setups and institutions of most Sub- Saharan countries. The major(ip) constraints will be briefly awaylined and surmisable solutions will be identified in turn. Constraints Commodity preoccupancy in Trade: High Reliance or habituation on One Primary Product This is the primary trait of most sub-Saharan African countries. The dependency on adept major exportingationation crop like tobacco in Zimbabwe, tea leaf in Kenya, copper in Zambia and cocoa in gold coast leaves the countrys export potential vu lnerable due to changes in the field mart for the respective products. The bowling pin or go down in the export prices for copper in Zambia in the previous(predicate) 1990s remaining the country facing massive balance wheel of payments short falls, eventide up to this year. The reduction in export earnings has a negative effect in capacity building as LDCs birth to import material in couch to correct productive capacity. In short; exogenic shocks to a single primary product can come to the prospects of improved growth. Market Concentration in Trade Most of the major exportable in Sub-Saharan African countries are usually sold in a few markets of the industrialise countries, e.g.

flowers from Zimbabwe are exported to Europe and a few to America. This implies that economic fortunes of most African counties are strongly related to the rise or fall of the domestic prices and economic activities of some industrialised countries. The miss of a diversified export market is a hinderance to... This started out informative but what happened to the text?? You cant understand what should have been said. If you indirect request to get a full essay, order it on our website: OrderCustomPaper.com

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