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While the rest of the world's economy grew at an annual rate of close to 2 percent from 1960 to 2002, growth performance in Africa has been dismal. From 1974 through the mid-1990s, growth was negative, reaching negative 1.5 percent in 1990-4. As a consequence, hundreds of millions of African citizens have become poor: one half of the African continent lives below the poverty line. In sub-Saharan Africa, per capita GDP is now less than it was in 1974, having declined over 11 percent. In 1970, one in ten poor citizens in the world lived in Africa; by 2000, the number was closer to one in two. That trend translates into 360 million poor Africans in 2000, compared to 140 million in 1975.
In The Economic Tragedy of the XXth Century: Growth in Africa (NBER Working Paper No. 9865), authors Elsa Artadi and Xavier Sala-i-Martin review both the deteriorating economic status of the African continent and the ways in which rich nations, as well as the African nations themselves, might help the poor nations of the continent.
Using the robust econometric determinants of economic growth in a cross-section of countries, the authors pinpoint the most important factors behind the tragedy. The first culprit has been the lack of investment. Over the past 40 years the investment rate in Africa has fallen. Since 1975 the investment rate has declined to 8.5 percent for the whole continent, compared to investment rates for the average-performing OECD economy of between 20 and 25 percent, and for East-Asian economies of 30 percent. Furthermore, most of the investment was skewed in the direction of the inefficient public sector. Recent reforms in Africa have raised the investment rate, but only slightly.Explanation:
Answer:
The most important influence of the Latin language is that many words, especially in technical and scientific fields, come from Latin.
Explanation:
For example, the world Agriculture from the Latin <em>agricultura</em>, which is at the same time a composed word: form <em>ager</em>, meaning field, and <em>culture, </em>meaning cultivation.
Like this, we have many other examples, because Latin was for thousands of years, the lingua franca of Europe, much like English is the lingua franca of the world today. Scholars, scientists, students, monks, and so on, often wrote in Latin, instead of their native languages.
Answer:
A. the refusal of southern states to ratify the Thirteenth Amendment
Explanation:
Towards the American Civil war that lasted between 1861 to 1865. There was constant tension between the federal government and the Southern colonies on the issue of slavery.
Hence, given that thirteen amendments were about slavery abolition and which was not ratified by the south.
Therefore, the fight for the balance of power which is influenced by the issue of slavery led to the federal government's decision to divide the South in this way.
