IMF says African growth at lowest level in 15 years
The article discusses the continuing impact of falling crude oil and commodity prices on the economies of African countries. The African countries’ economies depend on the Exports Revenues from the energy and non energy commodities and the recent price slump in commodity prices have resulted in huge financial difficulties that may force these countries to seek unsustainable Foreign Debt.
Topics include Economic Development –factors contributing to Economic Development, Obstacles to Economic Development, Foreign Investment and Aid.
Evaluation will cover consequences of over dependence on narrow range of primary products exports, role of Institutions –legal, political and social in overcoming the obstacles to Economic Development, effectiveness of Foreign Investment and Aid in short term and long term. Consider short term and long-term impact on Consumers, Producers, Society and Government.