african resources
TRANSCRIPT
Concept
Resources: Something of value. It´s value can
vary depending on human needs.
Natural: Found in the natural environment. They
can be classified into: renewable and
nonrenewable.
Advised reading: book, Chapter 4,page 108.
Question
Ask yourself: What kind of resources do you use
daily?
Fossil fuels? Nuclear energy? Water power? Electricity? Solar?
Question
Ask yourself: What kind of resources do you use
daily?
Fossil fuels? Nuclear energy? Water power? Electricity? Solar?
Ask yourself: Food? Water? Soil?
What would happen if they run out?
Question
Ask yourself: What kind of resources do you use daily?
Fossil fuels? Nuclear energy? Water power? Electricity? Solar?
Ask yourself: Food? Water? Soil?
What would happen if they run out?
HOW DO YOU PUT A PRICE ON THESE IMPORTANT ASSETS?
African Economy
Basics:
It is through the sectors of Africa's work industry that the
economy can be maintained. Most of this is contributed to
exporting of goods.
What does that mean?
African Economy
Basics:
It is through the sectors of Africa's work industry that the
economy can be maintained. Most of this is contributed to
exporting of goods.
What does that mean?
This is due to the smaller amount of secondary industries
available in the continent. In 2009, 87% of Africa's economy was
from exportation alone.
African Economy
Agriculture:
Around 60 percent of African workers areemployed by the agricultural sectors, withabout three-fifths of African farmersbeing subsistence farmers.
Subsistence farms provide a source of foodand a relatively small income for the family, butgenerally fail to produce enough to make re-investment possible. Larger farms tend togrow cash crops such ascoffee, cotton, cocoa, and rubber.
African Economy
Cash crops:Crops that do not grow easily in a northern
climate
Ex: Coffee, cotton, cocos, rubber…
African Economy
Mining and Drilling:
Africa's most valuable exports are minerals and
petroleum. A few countries possess and export
the vast majority of these resources. The
southern nations have large reserves
of gold, diamonds, and copper. Petroleum is
concentrated in Nigeria, Angola, its neighbors,
and Libya.
African Economy
Mining and Drilling:
While mining and drillingproduce most of Africa'srevenues each year, theseindustries only employ abouttwo million people, a tinyfraction of the continent'spopulation. Profits normallygo either to largecorporations or to thegovernments. Both havebeen known to squander thismoney on luxuries for theelite or on mega-projects thatreturn little value
African Economy
Fresh Water:
Africa contains many lakes and rivers, fostering a
small fishing industry. The deep rivers of Africa
have significant hydroelectric potential value.
Lake Victoria is Africa's 2nd largest lake. Lake
Volta in Ghana is the world's largest artificial lake.
From lake Victoria the river Nile originates. The
Nile ends at Mediterranean Sea. Its waters serve
as means of transportation also.
African Economy
Economic Underdevelopment:
This is partly due to its turbulent history. The
decolonization of Africa was fraught with
instability aggravated by cold war conflict. Since
the mid-20th century, the Cold War and increased
corruption and despotism have also contributed
to Africa's poor economy.
African Economy
EconomicUnderdevelopment
Geographic: Africa has thelargest hot desert and thesecond largest tropicalforest in the world thathinder buildingtranscontinental means oftransportations, hamperingits economy. In the centerof the continent, on thewestern side, an almostimpenetrable rainforestimpedes the transit ofpeople and goods. TheSahara creates an obviousbarrier to trade from thenorth.
African Economy
Economic Underdevelopment
Infraestructural: According to researchers, the
lack of infrastructure in many developing
countries represents one of the most significant
limitations to economic growth.
African Economy
Economic Underdevelopment
WAR: Sinceindependence, Africa hasseen dozens of wars, bothcivil and international. Thishas contributed to povertybecause states havespent their scarceresources on militaryequipment and supplies.Development hassuffered, since warfarehas scared off foreigninvestors, destroyedinfrastructure, and createdlasting animosities.
African Economy
Economic
Underdevelopment
Disease: The tropics are more
hospitable to disease than the
colder climates. The most
significant illness has long
been malaria. Since the tropical
regions are poorer,
pharmaceutical companies are
reluctant to invest in curing the
diseases of the region. Disease
reduces productivity and
creates a health care cost
burden.