SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Africa and its Issues- Why Have We Ignored Africa?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sea_urchin who wrote (391)7/7/2005 12:13:30 PM
From: TimF  Read Replies (2) of 1267
 
Moeletsi Mbeki, a businessman and think-tank deputy director, said in an interview that Africa's political elites were largely responsible for the continent's poverty. They have sent much of its cash overseas, spending money on foreign imports and stashing it in overseas bank accounts instead of using it to help farmers and business, he said.

If it was only a matter of government corruption for personal enrichment, things wouldn't be as bad as they are. Its a big problem but a number of the other problems with poor government are worse. If the government had good policies where it did get involved, and staid out of areas where it is wrong or unproductive to get involved, the economy of most of these countries could deal with some of the wealth being siphoned off by corrupt officials, but when the policies of the government get in the way of the wealth getting created in the first place the country has an even more severe problem.

Tim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News