Question

a.with specific reference to Ghana Discuss any five characteristics of the third world countries

b. Propose five solutions that African countries can use to move away from dependency.

Answer 1

a.Economically inferior Countries  are called third world countries.Ghana and many countries from Asia and Africa comes under third world countries.

Characteristics of Third World Countries;

1.Such country is economically inferior compare to other countries.

2.IMfF and World Bank always provide aid for the project development in third world countries.So that country should able to develop better infrastructure.

3.Third world is also known as Frontier Markets.

4.High risk for investor if they invest in third world countries project

5. Third World countries are generally characterized as inferior economy but if anyone can invest in innovative project that can be beneficial like cocoa in ghana.

b.African countries are dependent on foreign assistance from many years.

Following are the five solutions that African countries can use to move away from dependency.;

1.Use home product for the purpose of eating.-the people of country should eat a product which is grown within the territory of country,

2 Govt should give focus on job creation-Africa has youngest population of world and they want a job,so its duty of govt of African country to create job for youth.

3.Proper utilization of resources-Like ghana African country should make proper utilization of resources.Ghana is very good in gold business in oil industry and cocoa due to better utilization of available resources.

4.Improve Regional integration-There are regional differences in African countries which makes difficult to develop country,So the govt of country should give focus on regional integration.

5.Give focus on local business-govt should give focus on creating local business opportunities and promote local business to overcome from dependency on other countries..