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Introduction
Africa has been struggling for years with attempts to increase the country’s economic growth and make it more progressive. Although the government eventually succeeded in some areas there is still a lot to achieve compared to the developed European countries. The main three reasons for slow growth are economic underdevelopment, trade barriers, and political problems. Therefore, the paper aims to identify the connection between all those reasons and discuss why they are the reasons for the current problems.
Three Reasons for Slow Growth of Africa
Generally, the political situation determines the vector of the progress in the country significantly, and it plays the role of the fundamental factor that defines other socio-economic spheres. Solving the most urgent issues requires solid political regulations and an effective strategy that would consider the public and financial needs. The government could not create efficient conditions for the elaborations, which led to economic underdevelopment. As a result of poor governmental and political performance, the economy continues to experience major problems. Due to unresolved questions and the absence of a strategically valid plan, the country struggles with economic underdevelopment. In addition, trade barriers deprive the country of the opportunity to participate in the global market processes actively and create connections and partnerships. Consequently, since trade is a crucial part of the economy, the barriers restrain it from growing and expanding.
Conclusion
Overall, trade barriers, economic underdevelopment, and political problems are connected and impact Africa’s well-being. All these factors are interdependent, and they inevitably influence the state of each sphere and the whole situation in the country. Therefore, Africa struggles to reach greater development, starting from the issues in politics and poor management and decision-making that prevent the economy from flourishing.
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