Chapter17: Development Economics
Section: Chapter Questions
Problem 15E
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Question
With all its natural resources, why does Africa remain the poorest continent in the world
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Step 1
Country A is rich in natural resources, but due to various reasons its allocation and proper utilization was not very effective. Ownership of land rules are not well developed in the country, which is why agricultural output has not reached the potential level. Reforms associated with land, food security and decisions regarding which crops to grow are not fully effective which has lead to improper management of resources.
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