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What Hinders Economic Development in Africa?

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  • ITUMO Victor Nwaoba

Abstract

This research makes an in-depth assessment of the underdevelopment conditions in the African continent. It reveals the extent of suffering in Africa, despite enormous resources across the entire region. The challenges before many of the African countries regarding development are not just those of structural, micro-economic or macro-economic indices, but mainly such as considerably caused by some African people. A careful analysis of the prevailing and ongoing situation in African societies reveals that a lot of economic failures are elicited by human factors and not by environmental, location or the absence of resources. The research uses the African continent as the case study and assesses the socioeconomic impediments to the continent’s development. The research uses secondary data to assess the situation and drew the conclusion that Africa must shelve such human based impediments in order to foster accelerated economic development.

Suggested Citation

  • ITUMO Victor Nwaoba, 2017. "What Hinders Economic Development in Africa?," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
  • Handle: RePEc:jis:ejistu:y:2017:i:02:id:417
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    More about this item

    Keywords

    African countries; underdevelopment; economic development; resources; socioeconomic impediments;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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