Tuesday, January 13, 2015

Africa's Most Prosperous Countries.

   Stated in the CNN article I read, many African countries are becoming much more prosperous than they have been in earlier years. It goes over how many African countries have been increasing their economy, raising employment rates, and decreasing violence. Some also have been encouraging more freedom and education for the people of select countries. Many countries have been going up and down the rankings of most prosperous, but the title belongs to Botswana. 

   Botswana has been among the top ten rankings over the past several years. More specifically, it has been the third year in a row that it's been number one. Botswana's major economic resource is diamonds. It's home to some of the world's largest diamond pipes. Their GPD or gross domestic product is roughly about $15,176. Although they use 8% of its GDP on education, Botswana is among the biggest proportional spenders in the world, according to the World Bank. 

   There are also many countries making strides in the world in Africa other than Botswana. Some of those countries are Rwanda, Kenya, and Mozambique. Rwanda was the best improved country raising to place number eight after gaining five places. Although Rwanda is ranked sixth in regulation and government effectiveness, they placed eighth in rule of law and the lowest perceptions of corruption in Africa. For Kenyans, 44% of then thought it was a good time to find employment. Their country was ranked ninth in entrepreneurs hip and opportunity. They were ranked 32 out of 38 in terms of safety and security following the 2013 siege of the Nairobi's Westgate Mall. 

   Although there are many African countries making prosperity, there are some that have fallen greatly below the ranks. One country in particular is Malawi because it has dropped 11 places since 2012 to twentieth. Its reported that there has been a drop in the five-year GDP growth rate which was part of the reason why they dropped so greatly. Tanzania also has dropped heavily in ranking falling from eleventh to nineteenth. Some of the reasons why are because there has also been a drop in five-year average growth and an increase in inflation. In terms of personal freedom, it fell from twenty-forth to twenty-eighth. 

   In conclusion, many countries are making great progress and bringing that prosperity with them into the new year. Some unlikely to say the least haven't been making much progress. 

4 comments:

  1. What do you all think might help African countries to experience more prosperity? Especially considering those that are having a difficult time.

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    1. To help these African countries experience more prosperity, maybe they all need to help each other. For example, Alex mentioned that Botswana is the most prosperous country because of its resource in diamonds. He also mentioned that Malawi and Tanzania are the countries that are most affected when it comes to prosperity. If Botswana is already successful, maybe they could lend some of their diamonds to those in need. That could boost prosperity in Africa as a whole, and help everything out.

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  2. In the article, it looks like the most prosperous countries have the best education which leads to having the most money. The employment rate is defiantly high and mostly everyone experienced education. The countries that are having a difficult time should most importantly worry about their education. Once eceryone receives an education, they will have the knowledge to work bringing more money into the country.

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  3. I agree with Hannah, I feel as if everyone were to work together the countries would experience more prosperity. Working together will help to get the job done quicker and better. Doing this will be better for everyone, and for Africa as a whole. The unemployment rate is extremely high and the education isn't the greatest. With everyone working together to fix this, the problem will be resolved in no time.

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