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Compare and contrast the levels of economic development in the regions of Europe and Africa.

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Introduction

POLI 3043 - Regional Orders - Ian Jackson Compare and contrast the levels of economic development in the regions of Europe and Africa. To answer this question, the essay will be broken down into several 'areas'. Firstly an explanation will be provided of what regionalism means for both Europe and Africa. In addition to this a very brief explanation will be provided as to what regionalism is. Obviously both regions are on different stages of Hurrell's typology and this will be explained (for example Africa could be said to be in the stage of 'regional awareness and identity', while Europe can be said to be in the stage of 'regional interstate cooperation') and with reasons as to why will be provided. Also the ways in which Africa can improve themselves as an economy and move up the 'typology' ladder will be discussed. Questions will be raised as to why Europe and Africa are significantly different in their economies and in addition a brief history will be given on both regions and their economies. In addition points will be raised as to how the economy of Europe started out at a 'high level'; but Africa had to start right from the bottom; from this it will be shown what the current status of both economies is. Furthermore, both regions will be looked at in regards to how both economies are run which will show much of a contrast. As the question states; compare and contrast both regions. Thus, both regions will be looked at in regards to their economies and how much influence both regions have on the economy. ...read more.

Middle

Africa's economy is more reliant on agriculture than that of any other continent, with around 60% of Africans working in the agricultural sector.8 Secondly, the economic development of virtually all African nations has been hindered by inadequate transportation systems. Most countries rely on road networks that are composed largely of dirt roads, which become impassable during the rainy seasons. Road networks tend to link the interior of a country to the coast; few road systems link adjacent countries.9 To show how poor and how bad economy crisis is in Africa, one ought to take a look at their food crisis and the growing volume of food imports. Whereas Africa imported an average volume of 1.96 million metric tons of agricultural products in the years 1961-63, by 1980-82 this figure had risen to 11.2 million metric tons at an annual value of over $6.8 billion (over one-seventh of the total value of Africa's imports in 1982).Owing to foreign exchange constraints, most African countries have had to rely increasingly on food aid to meet their imported food requirements.10 The commercial sectors of most African states rely heavily on one or a few export commodities. The bulk of trade occurs with industrialized nations, which require raw materials and sell industrial and consumer goods. Trade between African states is limited by the competitive, rather than complementary, nature of their products and by trade barriers, such as tariffs, and the diversity of currencies.11 Looking at the economy of Europe, a sharp contrast in strength and influence can visibly be seen. Europe has long been a world leader in economic activities. ...read more.

Conclusion

required to manage a modern economy are cruelly missing in Africa (higher technical experts, management executives, civil administrators...).24 To conclude, this essay has looked the economies of both Europe and Africa and compared and contrast both of them. It has also provided information about both economies in terms of trade and finance. A brief history was provided which looked at the relationship between Europe and Africa and to the days of 'colonisation'. Reasons as to why both regions are on different levels economically were provided to show how dominant and rich Europe was and how poor and underdeveloped Africa was. The Africa food crisis was mentioned to give an account of how poor Africa was against other regions. In addition ways that Africa can improve their economy thus bringing it more power and strength so that it can compete with other regions was provided, for example making sure Africa had the aqeduate education so that it learn. Many Africans move to the west so that they can have higher education which is not available in Africa and tend to stay there once they have completed their studies. This is detrimental to Africa's development and thus a solution to the problem would be to support the creation of a complete curriculum. This would lead to a massive contribution to the development of vocational and technical education in Africa thus improving Africa's economy. So as it can seen, the economies for both Europe and Africa are at this present time in contrast to each other but there is hope for Africa to become more dominant and influential in world affairs if the correct adjustments and policies are introduced to improve them. ...read more.

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