How can a country be prosperous?

Having that in mind, the main factors of a prosperous country seem to be: Economy based on innovation. Efficient tax collection. Efficient government.

Why is it important to learn about Africa?

Studying African history and politics gives us a deeper understanding of world history and especially of current events. African Studies are important to students who want to understand their neighbors — and themselves. You become a better-informed global citizen when you study Africa.

How can we promote economic development in Africa?

Establishing “African Economic Areas” that would tie the economic interests of leading and lagging countries in each regional neighborhood tightly together. Allowing and maintaining the free movement of labor, capital, goods, and services within these areas.

How can Africa gain access to world markets?

One way to do this is by granting preferential access to leading world markets to the region, as intended by the African Growth Opportunity Act (AGOA) and Everything But Arms (EBA), two preferential agreements extended by the United States and the European Union, respectfully, since 2001.

Why does Africa have so many problems?

Africa has more than its fair share of small poor economies because of fragmentation that it inherited from European colonizers, making Africa the continent most prone to ethnic-based conflicts. Yet, African countries impose the heaviest artificial barriers around their borders on top of this.

Does Africa have a globalization problem?

The current pace of globalization gives no choice to small developing countries: they must integrate into world markets if they wish to succeed. Africa has more than its fair share of small poor economies because of fragmentation that it inherited from European colonizers, making Africa the continent most prone to ethnic-based conflicts.