• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Explaining Failure.

Extracts from this document...


By Zamokuhle Mngomezulu 09/11/2003 Economics Homework Explaining Failure Over the years 1965 and 1990, Sub - Saharan Africa when compared to South and South East Asian countries (the tiger economies of the period) has to a large extent grown less quickly. Overall, the actual difference in development among the regions selected is most vividly illustrated by the statistics of Sub - Saharan Africa. They have growth less quickly by negative four percentage points per year, over the time period of 25 years. Using Sub - Saharan Africa's initial conditions figure of 1.007 ( (0.7 / 100) + (100 / 100) ) as the base year, using -4.0 (the annual rate of growth), and taking into consideration 25 years, the actual difference in growth (based on the percentage point provide) ...read more.


Africa scoring the lowest at -0.3, compared to South Asian 0.0. Access to the sea is important for international trade apart from moving countries closer to the markets which they are trying to trade with, it has the immediate effect of reducing transportation costs. Temperature has also been a contributing factor, as according to data provided, tropical countries grew 1.3 percentage points slower than countries that are situated in temperate zones. East and South East Asian countries rather taking the route of tropical agriculture, they decide to focus on large expansion of manufactured exports. Their focus brought about by their determination to improve conditions for profits and labour intensive manufactured exports. This was a good economic policy as in doing so, East and South East Asian countries have avoiding the problems a linked with tropical agricultural. Allowing them to escape the poverty trap of the tropics. ...read more.


Considering the data provided, the demographic section of the data illustrates the increasing gap between South and South East Asian countries the greatest - The main contributing factor, being life expectancy (-1.3). This surpasses the percentage point obtained by South Asia by 2.6 times. It is apparent that this is the most imposing obstacle Sub - Saharan countries must overcome. In effect, breach of contract, expropriation of property, inefficiency in public administration, corruption and conflicts (wars and civil-wars), have stagnated relative positive growth. And have had the effect of moving it in the opposite direction. Void of social stability and political legitimacy (undermined by dictatorships), hopes of over coming problems of resources and geography, demography or implementing shrewd economics policy (that will increase growth at sustainable levels), cannot be realised until the issues of responsible and legitimate governance is addressed. As the article rightly sights, governments must play a fundamental part in economic growth through "prudent fiscal policy." ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Production - Location & Change section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Production - Location & Change essays

  1. The Multiplier effect explained and with examples.

    The official refunds (www.kesgrave.suffolk.sch.uk/curric/geog, October 23, 2003) claim that "geographical inertia refers to an area that has become known for a particular industry or product". Another words, this one is important because it can guarantee other firms customers. As an example of this can be such fact that many hi-tech

  2. How are Africa's problems of poverty, hunger, debt and environmental deterioration inter-related?

    this small amount of debt and its accumulated interested can become 'inordinately burdensome'. Also, the relatively 'small' amount of debt owed by individual countries means that they have none of the 'debtors power' retained by some of the larger indebted nations such as Brazil or Argentina.

  1. Opportunities in the big emerging markets (BEMs) such as India, Brazil and China.

    Among the twenty-nine industries, the five largest FDI recipients accounted for 40 percent and the labor-intensive industries accounted for 50 percent of the total manufacturing FDI in China respectively. Table 2 Two distinguishing features of the industrial structure of FFEs comparing with DOEs have been revealed.

  2. The Role and Importance of Agriculture In the Carribean. Organisations involved in its ...

    low porosity Sandy soils = higher porosity Activity: list the characteristics of soil with poor soil structure How does soil structure influence plant growth? SOIL COLOUR The colour of the soil gives clues to the physical and chemical properties of the soil.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work