Aquamarine
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Regarding natural resources, North Korea and previously China and many other communist nations had and has great such and a supposed high iq. They still failed miserably economically.
Regarding Botswana, tourism is not a natural resource but something one create. Diamonds are important but still only provide 1/3 of GDP and cannot explain more than a part of economic growth. GDP/capita has increased from 50 dollars to 9000 since independence. The government has a budget surplus. 24% of GDP goes to investments, comparted to 15% for the US. It has higher literacy, lower infant mortality and better access to safe water than the african average, that from being one of the poorest nations in the world.
Regarding Uganda, is has only more recently embraced capitalism and started growing. Its debt belongs mostly to the earlier period and the the debt relief come as a reward for the economic reforms. There is a growing industrialization.
You seem to think that there is something wrong with foreign investment and people from more advanced countries providing skills. But the same thing happened in the Asian Tigers and now China and in other rapidly growing countries. These thing are not showing some weakness in the country but that they have managed to create a capitalistic system. There would be no foreign investment if the country did not create suitable climate for that. They have fought crime and violence, built infrastructure and education, secured property rights, have regulations and promote free trade.
These countries shows that also Africa can organize capitalism, have economic growth and increasing prosperity far beyond what existed during the colonial times.
But it should be noted that Africa have great problems which discourage investment and will probably make it the last continent to get investment and get developed, even apart from the little capitalism: thousands of languages and cultures; numerous diseases more rare further from the equator, often chronical like parasites which continually produce weakness; especially for foreign people, Africa was the last continent colonized due to the diseases which killed all foreign people going away from the coast; much area is drylands, mountains and rainforests unsuitable for development; little infrastructure or eduction; climate which not suitable to high productivity agriculture from for example wheat or rice; and much malnutrition in childhood which may decrease iq and vitality for the rest of the persons life.
Regarding Botswana, tourism is not a natural resource but something one create. Diamonds are important but still only provide 1/3 of GDP and cannot explain more than a part of economic growth. GDP/capita has increased from 50 dollars to 9000 since independence. The government has a budget surplus. 24% of GDP goes to investments, comparted to 15% for the US. It has higher literacy, lower infant mortality and better access to safe water than the african average, that from being one of the poorest nations in the world.
Regarding Uganda, is has only more recently embraced capitalism and started growing. Its debt belongs mostly to the earlier period and the the debt relief come as a reward for the economic reforms. There is a growing industrialization.
You seem to think that there is something wrong with foreign investment and people from more advanced countries providing skills. But the same thing happened in the Asian Tigers and now China and in other rapidly growing countries. These thing are not showing some weakness in the country but that they have managed to create a capitalistic system. There would be no foreign investment if the country did not create suitable climate for that. They have fought crime and violence, built infrastructure and education, secured property rights, have regulations and promote free trade.
These countries shows that also Africa can organize capitalism, have economic growth and increasing prosperity far beyond what existed during the colonial times.
But it should be noted that Africa have great problems which discourage investment and will probably make it the last continent to get investment and get developed, even apart from the little capitalism: thousands of languages and cultures; numerous diseases more rare further from the equator, often chronical like parasites which continually produce weakness; especially for foreign people, Africa was the last continent colonized due to the diseases which killed all foreign people going away from the coast; much area is drylands, mountains and rainforests unsuitable for development; little infrastructure or eduction; climate which not suitable to high productivity agriculture from for example wheat or rice; and much malnutrition in childhood which may decrease iq and vitality for the rest of the persons life.
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