I have been thinking about why a country like Tanzania is underdeveloped for some time now. Why is Africa underdeveloped despite having abundant natural resources? I often come across three things in my search for answers: corruption, legacies of colonialism, and unfair western policies. Yet it is clear that many African countries, like Tanzania, have natural resources that western nations could only dream of. Why then do we remain poor and underdeveloped?
I believe the answers to this question will provide clues for solving the problem of African underdevelopment.
This is what Obama had to say about Africa's underdevelopment in Ghana:
“There had been some talk about the legacies of colonialism and other policies by wealthier nations,” he said, “and without in any way diminishing that history, the point I made was that the South Korean government, working with the private sector and civil society, was able to create a set of institutions that provided transparency and accountability and efficiency that allowed for extraordinary economic progress, and that there was no reason why African countries could not do the same.”
He also criticized the culture of corruption in some African countries, saying that those who wanted to start a business or get a job there “still have to pay a bribe.” While wealthy nations must help, he said, poorer countries “have an obligation” to reform themselves.
Mechanisms, experiments, and policies
6 days ago