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Do Oil Economies In Sub-Sahara Africa, Rebecca Girma
Do Oil Economies In Sub-Sahara Africa, Rebecca Girma
Dissertations and Theses
The African continent provides majority of the world’s raw material for technology and fine jewelry. Countries dependent on their extractive industries lag behind on developmental goals. Their GDPs are high as well as their national poverty levels. This paper explores the factors in which a nation lacks development when it is financially wealthy to do so. There are similar patterns in nations where resource curse has occurred. What is the key to sustainable development in Sub-Saharan Africa? Is solving corruption and migrating away from a market dependent on primary exports the answer? Can they transition from the ancient patrimonial state …