Word: subs
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...face of political instability and disintegrating roads, airports and telephone networks, and other disincentives, investors from Europe, America and Japan are withdrawing from sub-Saharan Africa and looking elsewhere; Africans too are pulling out their money. Why risk expropriation or failure in a continent with a weakness for one-party kleptocracy, where drainage by corruption often equals or exceeds the legitimate intake...
...rate of infection continues to increase, the effect could be like that of World War I upon the youth of Britain, France and Germany. Yet in the strange arithmetic of apocalypse, aids will not serve as an ultimate check on over-population. According to World Bank projections, sub-Saharan Africa's population will rise from 548 million today to 2.9 billion by the year 2050. The huge increase in mouths to be fed threatens to swamp any foreseeable economic growth and force living standards ever downward...
There are 160 countries on the United Nations' annual development index, a measure of comparative economic and political progress: 32 of the lowest 40 are in Africa. Between 1960 and 1989, Africa's share of the world's gross national product dropped from 1.9% to 1.2%. Since 1980, sub-Saharan Africa's external debt has tripled to about $174 billion...
Perhaps in reaction, a new sense of realism has become the vogue in Africa, and the slogan for the continent's chastened '90s might be "Learn to Walk Before You Try to Run." In 1989 the World Bank issued a landmark report titled Sub-Saharan Africa: From Crisis to Sustainable Growth. It warned that if Africa's slide into underdevelopment continued, some countries would soon find themselves in worse poverty than the most stricken Asian lands...
...International Labor Organization has estimated that the informal sector employs 59% of sub-Saharan Africa's urban labor force. If this sector is included, the size of Zaire's economy increases threefold. In many respects Africa is ahead of the former Soviet Union and Eastern Europe when it comes to free markets and regional economic ties...