Poverty has had widespread effects on the economy of Africa.

Authors Avatar
         Poverty has had widespread effects on the economy of Africa. Africa is by far the world’s poorest inhabited continent. Over the decades there have been many unsuccessful attempts to improve the economies of individual African countries. However, in recent years this has begun to change in many African nations, data suggests that some countries on the continent are now experiencing fast growth. The World Bank reports the economy of Sub-Saharan African grew at rates that matched global
Join now!
rates. In 2007, the top nations ranked by highest economic growth were Mauritania, Angola, Sudan, Mozambique, and Malawi. The economies of African nations differ greatly depending on regional variation. The northern African nations have been linked to the economies of Europe and the Middle East. South Africa is by far the continents wealthiest country, accounting for thirty percent of the continents total gross domestic product. The temperate northern and southern parts of the continent are wealthier than tropical Sub-Saharan Africa. (see map) East Africa has tended to be wealthier and more stable than other nations. The poorest countries are those ...

This is a preview of the whole essay