In: Economics
To what extent has the international economy hindered Africa’s post-colonial development? In your opinion, which factor contributes the most heavily?
Africa is the continent who suffers so much after independence or we can say post colonial era.
European countries rules on Africa as per their wishes and divide them for their convenience and create many ethnic groups. Today African countries and ethnic groups are fighting with each other for their relatives their boundaries for their country. There conflicts are main issue between their development and this all are happens because of post colonial era of the conflict. The long-term secular trend of sub-Saharan Africa’s terms of trade coincided with the patterns observed in other parts of the commodity-exporting periphery. However, the price boom of 1845-1885 was exceptionally sharp compared with Latin America, Southeast Asia, India and China. From start to peak, the purchasing power of African exports rose by 3% per annum. Although Africa’s share of world exports remained modest, the trend fuelled an optimistic assessment of the future profitability of colonisation, French assessments in particular. Merchants, industrial capitalists, explorers (like David Livingstone) and even Christian missionaries added to the babble about new markets, new investment prospects, new converts, and the moral obligation to abolish African slavery and replace it with a commercial model.
Post colonial era provide Africans freedom from Europeans but it could not provide them freedom from poverty and ethnic conflicts.