By Kwamina Panford
This e-book explores how African nations can convert their usual assets, relatively oil and gasoline, into sustainable improvement resources. utilizing Ghana, one of many continent’s latest oil-producing international locations, as a lens, it examines the "resource curse" confronted by means of different manufacturers - corresponding to Nigeria, Angola, and Equatorial Guinea - and demonstrates how mismanagement in these international locations grants priceless classes for brand spanking new oil manufacturers in Africa and in different places. counting on a large variety of fieldwork and policymaking event, Panford indicates useful measures for resource-rich constructing international locations to remodel traditional assets into worthwhile resources that may aid create jobs, strengthen human assets, and enhance dwelling and dealing stipulations in Ghana specifically. He indicates financial, felony, and environmental antidotes to source mismanagement, which he identifies because the significant problem to socioeconomic improvement in international locations that experience traditionally trusted common assets.
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It is now used to describe how relying on a dominant natural resource could lead to the neglect of other economic activities, especially agriculture, in Africa. In this sense, the Dutch disease, as a term, may be similar to what in development economics was referred to as a monocultural economy, as may have been observed in Nigeria after its oil boom of the 1970s and 1980s. With steeply rising oil production and with Nigeria becoming Africa’s biggest producer (and also one of the world’s largest), it displayed features of the Dutch disease.
There may even be the contentious notion that African nations are devoid of competent and dedicated technocrats, academics, and bureaucrats who can plan and execute development projects. Finally, in spite of modifications, most African educational systems are not thoroughly overhauled and still retain European legacies that do not make them functionally salient to 22 K. PANFORD the needs of modern-day Africa, especially in the economic realm. Hence much of Africa’s contemporary education shows a disconnection between the classroom, real life, work, and industry.
This is happening against a backdrop of journalistic and other types of publications that applaud the emergence of tiny middle classes in South Africa, Kenya, Nigeria, and Ghana. This minority African elite who consume expensive imported luxuries with reckless abandon are erroneously perceived as those capable of rescuing Africa from its poverty (New York Times 2014; Boston Globe 2007, C1 & C2; Rothberg 2013). Uranium from the then Congo (Kinshasa) and Zaire, now Democratic Republic of Congo (DR Congo) was used to make the nuclear bomb the US dropped on Nagasaki and Hiroshima, Japan in 1945 (Cohen 2003, 1).