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You've made a number of key mistakes, especially with Mauritius, ignoring its central role as a tax haven economy, and an economy driven by tourism. It is still a mono-export country in that sugar dominates. It's growth, while ultimately due to playing nice (favorable tax haven laws) with foreign investors, is due to the nature of it being a tax haven. Hardly really a valid comparison to other nations.
you totally ignored the fact that Zimbabwe has been under heavy sanctions for the past two decades and Botswana has never been sanctioned, your analysis has gross mistakes. I would not recommend your video to anyone except to show them the ignorance in it.
As a Kenyan i don't even want my country to find any minerals, we are good as we are, natural resources in Africa are a recipe for disaster. Let us focus on Human resource development and the service industry thats where sustainable wealth is found
@@Engineer_Ian yea ... and does that correlate to the rioting that occurred almost in the same period... the CIA has ways to infiltrate other nations ... the rioting would have been worse if President Ruto didn't bow to western bureaucracy .
Exactly. Japan, South Korea, Singapore, Hong Kong, Macau, Uruguay, Costa Rica, Chile, etc, have almost nothing of natural resources and look at them: Prosperous, stable, peaceful, developed and with state of art infrastructure.
Africa needs internal roads and rail and be duty free. Like an African eurozone. Also they need to diversify into manufacturing. Chinese workers get paid way more than African workers. There’s no reason Africans need to consume Chinese goods when they can easily make the same goods.
African Continental Free Trade Area is a project put in place by African Union to create create internal roads and duty free. But it is not working at all. And this has more to do with bad governance once again in the different states.
the roads and infrastructure problem is huge, in advanced countries the cost of transportation for the price of the goods is like 20%, in Africa due to the infrastructure problems it increases prices by like 80%, what Africa needs are billionaires and business people willing to build the future of course without sound government that will not work. The Billionaires in Africa amount to like 18, in the whole god damn continent, I assume theres many more due to corruption and government officials probably hoarding all the money and not investing it correctly, but the 18 billionaires in a whole continent is crazy, there's more billionaires in countries like Brazil Indonesia Thailand etc which also means the business potential is enormous, which is an incredibly good thing if people from those countries manage to utilize it correctly Vs if China US or any other mega nation realizes that and starts hoarding all that potential to their companies and billionaires. well because Africa needs it way more
@@SS-up5sc As a Kenyan Development economist, the current problem is insane government policies.Africans are natural investors & innovators but bureaucratic red-tape is what hinders growth.
makes sense, I feel like the governments are not aligned to help the people progress, they just want to enrich themselves, thats the main problem, countries like Singapore and South Korea had dictators who lasted decades but wanted progress rather than to enrich themselves, and maybe the fact that those countries barely have any natural resources, which meant they had to develop or die basically there was no other way, compared to Africa which is full of natural resources which can enrich the government while them not having to do anything for the people @@clingyking2774
No we don't need a borderless Africa... South Africans don't want Africa in our borders and it's a prime example of what Africa does! What Africa needs is to build it's in roads,rail and Harbor's... South Africa is not the solution to your problems, when Zimbabwe Mozambique fled Africa not once did Africa condemn what the did. No we don't need the AU or Africa's communism, we going to close our borders next year
Income inequality is a problem for every African country alongside corruption by the way but still dont think those people are poor bcs of that,their country is still thriving strong
@@mileslloyd2196 it indeed low but what the point when that the only thing Algeria is better at compared to south africa which dominate when it comes to Gdp-Gdp per capita,infrastructure,education,health care ,water availability etc It one of the reason Aficans swam into South Africa even tho they like to scream xenophobia and stuff it bcs they know South Africa overral has a better living environment compared to their countries
French government purposely placed dictators on most of their former colonies to keep a control on them. Gabon is quite rich today, but most of the money is kept by the elites. They also kept control through the creation of the Franc CFA, the currency used in a lot of former french colonies. Now other factors have to be taken into account. When you look at Tchad or Mali you can also explain their poor economic growth by their geography (being in the middle of the Saharan desert is quite a huge rock in the shoe). Add instability due to the presence of islamic groups in the region and you lose the majority of the possible investors. If you look at Sudan, next to Chad, despite being a non french historical colony they are also doing bad, even though they could have benefited from their proximity to Egypt and the presence of the Nil and some Pyramids for tourism. And I would end with saying that even though more former english colonies are doing good on paper, a lot of them are also poorly dividing their wealth, which means that, as in Gabon, the majority is kept by the rich and the population don't get anything (Nigeria is a good example).
I'm from Madagascar 🇲🇬 not a lot of people are talking about our economic path: called "the Malagasy Paradox" we are the sole peaceful country in the world which dropped in economic terms. Poverty grew up, infrastructure is low, as well as education (despite the fact we had the most modern pre-colonial education system in Subsaharan Africa), and unlike countries who knew atrocities (famine, genocides, wars...) we never knew or knew few of these and it was enough to kill our economy: with that, enforced corruption, insecurity, disasters' impact, predatory elites and a low development on human capital
I never understand how Madagascar not popular tourist place like you have more potential then hawaii and taiwan who also small islands , I feel their huge corruption and off course france , anywhwre france present their always corruption and puppet leaders who suck the country dry .
I'm from Uruguay. In 2002 Uruguay was a very poor country and near to the bankruptcy. Nowadays Uruguay's GDP per capita is a bit lower than Portugal, which it's a western european country. Uruguay can perfectly offer works and citizen safety
@@adityachaurasia0109 The point of this commenter is that the nation was and has developed into a much better economy. The Global South has more in common than differences. Be it Africa, Oceania (excluding Australia and New Zealand), South, Southeastern and Central Asia, Latin America or the Middle Eastern region. Different regions very similar issues including economic issues.
Rwanda is not rich. Rwanda is famous. Rwanda is one of the fastest growing economies in the world, but not rich. Rwanda's GDP per capita is ridiculous compared to Kenya and Tanzania, let alone Cote d'Ivoire, Ghana and Cameroon. Rwanda is poor
Rwanda is famous for its diverse and fast growing economy. They are not rich by any measure yet but if they continue developing at this rate, we might start placing them in middle income countries soon.
Subjective as each economic category has its own growth measurement, and the 2 you have mentioned are very much not usually pushed in the media negatively therefore to compare amongst other African countries is very much arbitrary . Historically the 2 have benefited immensely from wealthy interest mostly related to having a more appealing structure of life similar to the west that is involved non-Ethnically African decent individuals
Algeria is more advanced than Morocco, just less popular internationally since Algeria is anti tourism. Politically maybe there's a point but you're comparing a non democratic Monarchy with a non democratic Republic. Seems even there. Just one sucks up to the west and the other sucks up to the East
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The wrong part is that by 1990 Rwanda already had close to double the GDP per capita of Burundi, even though Rwanda had started as the poorest country on earth. And in Burundi the genocide was against the hutu, not by them as mentioned in the video.
Its important to note that 14 west Africa countries monitory policies are controlled in France, this countries have to deposit 20$ in every 1$ that is in circulation in france and when things are not working they have to borrow their own money , this is the major reason why they are poor.
That’s why Côte d’Ivoire and Gabon are doing so well economically ? The CFA franc brings stability: compare the inflation rate of 3.5% in Côte d’Ivoire VS 19% in Nigeria.
@@sans_hw187 why is there an assumption that this can only be guaranteed in by France or EU who don't even use the CFA currency, most Africans countries that manage their own currencies are doing far much better than this countries... The base line is this is a looting scheme in place France uses this money to prop up their economy and this countries are forced to keep borrowing to mentain the system that does not benefit them.
@@sans_hw187 the west is never to blame never at fault , what you do is always good and never bad. Stop controlling other countries and get the hell out of Africa.
Out of the 14, how many have reasonable growth for developing countries? What is the GDP growth prediction for 2023 for the other 12 compared to Tanzania or Ethiopia? Also, Gabon is an oil exporter owned completely by TOTAL a French company and the reason for GDP growth is rising oil prices. Ivory Coast also relies upon coca which has seen a good price rise in 2023. Also, 14 countries in Africa(all of which are in the Franczone )deposit their money into the French treasury on top of that they are required to take out any money they deposit as a loan. Guniea- Conakry left the Franc and was met with total infrastructure destruction as well as an operation by the French Secret Service which flooded the country with fake bank notes their president Seke Toure was assassinated many believe it was France-backed. I guess that was to stabilise their economy. Zimbabwe has had its highest wheat and tobacco yield ever and is going to start exporting corn to surrounding countries. Please be honest Sans don't act like a snake. @@sans_hw187
Why is Burundi’s economy the poorest on earth? Because Burundi has no restraint on state predation. It’s a slash-and-burn economy. In one episode the rulers stole so much money straight out of the central bank that it was no longer possible to cover up the gaping hole. The only solution they found was to set the incriminating records on fire. Whole sections of the bank mysteriously went up in flames! It was spectacular in a sad way.
@@cuber5003 if a communist country is poor, do people blame corruption or heavy sanctions or material conditions inherited from the previous government?
No doubt that corruption is a major factor for slow economic growth in Zimbabwe. You completely ignored the fact that long standing economic sanctions imposed on the country by the West are also a major factor in hindering economic growth for Zimbabwe. Correct me if I am wrong, but Botswana never had to fight a war for independence and never had sanctions imposed on it like Zimbabwe, these two facts alone would account for much of the difference. Zimbabwe ran into difficulties because it has taken it's destiny into it's own hands rather than allow the West to determine the level of development it can achieve.
Right!? Like it seems this video is missing all their history. "West good, Africa poor". Sorry but I just dont believe that. The west has intentionally kept Africa poor to exploit their resources. Through coups, sanctions and just leaving reminants of colonialism.
👍🏿👍🏿👍🏿👍🏿 This is a propganda channel setup by the devils. Sanctions are used by the west as collective punishment until they get the regime change that is in their interest so they exploit the continents wealth.
You should really look at the story of Seretse Khama. From marrying a white woman (which cost him his royal status) to fixing the economy overnight, it truly is an amazing story to read about.
This post is rather disingenuous, painting Africa on the whole as being poor because of corruption and lack of Governance. Lets not forget it was at the 1884 Berlin conference, when Europe carved up Africa for its natural resources without any Africans present. Many regions such as the Gold cost and Niger delta were wealthy and well run. After depopulation vis the slave trade and asset stripping, no wonder Africa is poor. With restrictions on exports and IMF loans keeping them in debt they are in a cycle of poverty. What they need is the ability to compete on a level playing field by being allowed to manufacture and export their own raw materials.
@@David-ox7ps "Many regions such as the Gold cost and Niger delta were wealthy and well run.", This is not true in any way, in the 17th-19th centuries while europe was experiencing industrial revolution, most city states in these regions were still relatively primitive. Slavery in these regions was rife way before and long after the europeans came and left. ALL SLAVES that were transported to the new world and europe were captured and sold to white slavers BY NATIVE AFRICAN slave traders and warlords. Slavery was so endemic in our cultures and societies that it took colonialism ( ironically) to officially abolish slavery in most colonies.
@@dekev7503 You need to check the facts. The Ashanti empire was formed just as the transatlantic slave trade was at its peak. They became wealthy and powerful selling Gold for arms - much of the Gold was stolen by the British. They had a sophisticated form of Government, infrastructure and thriving culture. It was primarily the Fante who sold slaves (Ashanti prisoners of war) to the British to keep them from accessing the African interior. The African slavery (which they have apologized for) was nothing compared to the inhumane chattel slavery practiced by the British, the largest slave traders. The Niger delta was rich in palm oil and prior to colonization, King Jaja of Opobo was keeping good company with Queen Victoria and sent his children to school in Britain. Colonization stripped Africa of its own natural resources, wealth was extracted and no infrastructure was put in place leading to decline in the local economy.
@@dekev7503 Development doesn't occur in a vacuum nor just for the sake of development. It is the need for survival which forces living things to innovate, change and develop. What you call primitive is as seen in a foreigner's eye. If those people were happy and prosperous in their are then there was nothing primitive about it. Did they need huge manufacturing industries, cars, etc, etc? Absolutely not!! What they had satisfied them which is what is important in life! Had they been left alone would they have eventually made their own "industrial revolution"? Most probably yes because their intelligence was/is no worse than any other people in the world!! Please lets not use the colonial narrative meant to demean other people!!
First praising Botswana for miraculous growth made possible by nationalization of income from diamond mining and clever redistribution of the profits and then stating that nationalization and socialism is the path to failure and poverty - which one is it now? These 1:1 comparisons with extraction of single characteristic every time really do not paint a complete picture
these videos in a nutshell is all about management and luck nationalization is not the answer botswana were lucky to partner with not a crooked european company
@@quantado9411 yep and all these corruption are born from: 1. Western crooked organizations, NGOs, companies, sometimes even gov. 2. Bad governance because poor people are lower cultured they cannot manage as efficiently. 3. poverty breeds corruption and the cycle
If a complex country like India with so much diversity from religion to culture, languages can grow... I'm sure nothing should stop African countries to develop
@@marcq4106also pro west puppets put in power through coups financed by the west, then protected from civil rebellion by “UN Peacekeepers” or Foreign military bases
I agree. But such generalizations usually happen when a continent and any large region has more people of one _____ than another (skin color, wealth, religion, culture, etc)
Brilliant channel. You've earned my sub. As a student of political science, history, economics and population/development...many of the analyses and points raised are illuminating for me. Wishing you further success and growth - from Johannesburg, South Africa.
You lost me at your caricature of left vs right arguments to explain Africa’s poverty. If someone’s has a better video to recommend, please comment cause this is not it.
Hey 👋 So, I've learned some stuff here a bit more than my A' level Economics classmates could stuff thru my head But, I'm confused when one says Uganda's economy (my country) is non resource intensive?? What are we depending on then??
Great video! As a Rwandan I can confirm that great governance is what brought us from the abyss and to where we are now as a country. We still have a long way to go to achieve development, but we trust Kagame to get us there, as long as he is alive and willing to rule us, we will vote for him and support his policies.
They rarely discuss North Africa; there should be more focus on it. When I mention being North African, people assume I live in an extremely poor country without food and water security-a stereotypical view of Africa. Why not acknowledge that some African countries are actually livable?
Reading the comments, I realize that this comment left out important socio-political nuances to simplify this video and make it more optimistic. However, it worked. This video made me very optimistic and happy.
This analysis leaves a lot history and psychological (ptds)effect, the unwillingness of multinationals to trade fairly and influencing coups on those who wanted to do best for their countries best on policies not favourable to those companies that are based in western countries.
The coup's are executed by cheap mercenarian locals, that's why they succeed. With no willing takers, the desires of foreign business interests remain theoretical, at least in theory😀😀
Bingo, impossible for African to get a fair shake when they haven’t been able to defend themselves from the west meddling . And the moment he brought Zimbabwe I lost interest, these Propagandist always leave the fact its was sanctions by USA that crippled them in the first place .
Mauritius is not on the EU's grey or black list. The finance industry isn't even one of our main sectors. It comes after manufacturing, tourism, sugar, IT and back office outsourcing
This is true,what ails most African countries is leadership and poor policies.If we get leadership right,reduce unemployment which is the current time bomb,Africa will be the destination..Lastly Africans need to slay Corruption.[Kenyan]
Yr title is misleading. There is no insanely rich country in Africa. Rwanda is a poor clean country with good governance. It attracted investments but pe Capita is less than 1000 usd
Intellectual poverty manifests as physical poverty. It is not a coincidence that the world's smartest people are also the wealthiest. If you can't image it, you can't create it and if you can't create you can't not add value.
Seems like a gross exaggeration ,and quite bigoted. Africans are as smart as Europeans, or Asians, or Latinos. The difference in any of this is access to education, resources and infrastructure.
clearly you did not do your research well, you totally ignored the fact that Zimbabwe has been under heavy Western sanctions for over two decades and Botswana has never been sanctioned. This just shows the problem with RUclips videos that appear to be "know-it-alls" and yet do not even know a thing about the topics they are discussing.
Africans,can come to school in Eastern Europe, schools are free, health care is free, in Eastern Europe we have the lowest unemployment rate, shops are open on Sundays, you can earn extra money on weekends. Eastern Europe, Intermarium countries need workers for factories in industry, processing, for highway construction, road traffic, paving stone sidewalks, infrastructure.
The context is misplaced. Countries like Tanzania and Zambia never compromised in their fight for the liberties of other African countries. Kenya and Malawi compromised by embracing oppressors that time. It's not about socialism and capitalism but the bad or good relationships countries had due to the independence struggles in their neighboring countries. Otherwise, we should be talking about development now after years of independence
Zimbabwe has a very good leadership....the Colonists was spiteful and the Economic Sanctions slowed their Economy but Mugabe did well under Sanctions to maintain their Economy...The Colonist were more cronies
@varoonnone7159 Correcting and educating ppl about misinformation...If you think logically the Europeans Ancestors and present practiced improper and unfair trade practices....If an African country decides to make a positive change for the betterment of their ppl...Europeans countries react negatively with Sanctions, Military and or favor someone who don't have the the ppl of their country at heart...Sanctions breads corruption within and with ppl of International Interest...Zimbabwe has done well to maintain its Public, Education and Industries intact...Zimbabwe regime over the years being Sanctioned was resilient and learned to create a Black Market economy to perfection...It is ironic Western Companies are aligned to this Black Market...Zimbabwe gold and diamonds are considered of the finest quality...Lately with the assistance of Russian farning machinery Zimbabwe Agricultural Sector is seeing a huge turnaround...As in anything progressis being seen from their decision of taking back the Agricultural Lands...Only a leader of vision can accomplish this...in the face of controversy....
@@varoonnone7159you keep hauling insults about things you know very little about. I don’t know why but I guess you consider Zimbabwe doing what was best for its people as stupid. It had to be done. You haven’t provided adequate information to suggest why you think what you do besides insulting the people you are talking about. It’s easy to claim something when you haven’t been in the country. Regardless of what this video suggests Zimbabwe actually is growing and developing.
According to the title of the video, some African countries are insanely rich which is not true, South Africa's economy is praised despite south Africa being the most unequal country on earth, Rwanda is growing fast thanks to aid and investment from the developed world and they are spending money that they dont have, North Africa is completely ignored, Legacy of colonialism is also brushed off, is it a coincidence that former British colonies are much wealthier than former French colonies because of France's continued meddling in the region? This video also fails to see that a lot of Africa's economic growth is population driven growth
South Africa has richest blacks in Africa. Most African migrants are flocking to SA ahead of any African country making you question this unequal nonsense, if we are most unequal, why are all kinds of Africans all over our nation looking for better life but you never see us in your countries?
@@lozi4163 Of course south Africa is doing better than many other African countries, but it gets wayy more praise than it deserves. South Africa's wealth concentration also gives a false impression of the actual wealth of the people, remember that GDP per capita shows economic activity not personal income and the very few elite hold most of that money
@@Muhammad_Ahmad_ why are you guys butthurt by that? Why do you feel like SA gets more praise and why is that your concern? Sounds like jealousy to me. No SAfrican is concerned about your country but seems like you guys are forever butthurt. Most of SA wealth is not concentrated in minority, white people have more wealth per capita but the collective wealth is not in their hands. This is why people must focus on their countries instead of poking their noses on other countries that they know little about
@@Muhammad_Ahmad_ You can look at GDP PPP you don't just make up random things to try to win argument. SA has the most developed banking system and most collected data with transparency. The other thing you must know is that, when they say SA is most unequal country in the world, they don't mean the world because they comparing SA to about 64 of developing countries and on that list, you find about less than 10 African countries. They probably comparing with newly industrial countries. Most African countries don't even have proper data.
@@lozi4163 why do you think other African countries care about south Africa? You can continue to ruin your country with corruption and lootings while you watch other African economies grow, there is nothing to be jealous of in south Africa
His "review" of many of these contrastive national pairs completely ignores the intense punishment that key Atlanticist powers applied via sanctions, insurgency sponsorship, direct intervention and financial destruction operations on all the countries that attempted socialist-style reforms.
Botswana isn't wealthy its unfair and concentrated wealth not as bad as other african countries but its a game of luck...... especially as a young person all the wealth went to older people young lower middle class are looking for scraps to climb up and Botswana is really lacking behind in development compared to our neighbours Namibia
Botswanas more developed that Namibia ☠️ you're just look at CBD but there other places like AFM that look way more developed than Windhoek also botswanas GDP per capita is way more than Namibias and has the 4th highest in Africa making it a wealthy country
Nonsense o bua ka eng ? Botswana has bo slums Namibia has a slum in Windhoek ,the gap between the poor and rich is bad in Namibia one of the highest in the world ,kana lona le rata go kgala gore ,tsamaya mo mafatsheng mo o bone o tshela sentle mo Botswana
I'll paraphrase Michael Parenti. Those countries aren't poor. The US and European states have made a TON of money from those countries. You don't go to a poor country to get rich. You can, however, have most of a country be poor while its wealth goes to the pockets of a few in the modern era-locally a few client regime leaders, and externally to transnational corporate oligarchs.
You, leftist, forget to mention that most west african countries are highly corrupted. You, guys, always have in mind the part where you can target western countries.
Your contents are such a great value of information thank you so much ! I have a request about a counrty who are known to be the second richer country of natural ressources after Austrália it will be intersting having a mini-documentary about Guinea Conakry
Interesting, though I'm still left with questions. Like how come some policies work in one country and not in the other? Why is there so much corruption in one state and not in the next? If possible, it would be nice to have you explore such possible origins and explanations regarding this topic.
Culture. If you want to figure out where a society fails, look at culture. A country's culture will produce the leaders with the foresight to not burn their country to the ground for short term gains. The leaders themselves don't have to be some idealized saviors, just competent enough to keep laying down the foundations that will naturally lead to other leaders who can build on it. And culture being strong enough to weather adversity makes this happen. India got messed up by the British and they bounced back, even though they still have issues of their own. Other asian countries also won't stay down for long even when they fall. But another benefit is other places grow to compete with neighbors. Europe rose together. Asia rose together. African countries that rise get surrounded by failing nations they can't depend on for anything and have to guard against. Even if they get the culture aspect working, their neighbors house always being on fire screws them over too.
@@sianais but then the question arises, how do these cultures come to be? Is it really the culture that dictates the other factors or does culture get shaped by historical events and the brutality of the environment? Or maybe something else?
The countries you're comparing don't really make sense. Why would you compare Kenya and Tanzania, when both Countries growth rate is extremely successful with tanzania's growth at 7 percent and Kenya's at 6. In other words, you set it up like you were going to compare the successfully growing and not successfully growing economies, but instead you compared two of the successfully growing economies to each other, then drew a conclusion as to why one is growing faster based on their governance.. It just seems so forced. wouldn't you compare the ones that you previously laid out on different sides of your chart? It's like I was dogs jump higher than cats and then I compare why Dobermans jump higher than golden retrievers.
Even southern Africans never go to North Africa.. also most of Africas best wildlife parks are in Southern Africa giving those countries a huge advantage when it comes to attracting tourists
South Africa is the wealthiest and most developed economy in Africa, but it's rapidly heading towards disaster and quite possibly socio-economic collapse. They can't even keep the lights on anymore due to rampant corruption and mismanagement. Quite sad to see it go down.
the problem with south africa is you have 1 grou having GDP per capita equivalent to western europe, while another has gdp per capita equivalent to Ghana or Cameroon. This inequality was never addressed & the democratic government, instead of helping up the poor masses, only helped themselves
@@lm_b5080 Yep, the extreme wealth inequality, the ruling party lining its own pockets over the last 30 years, another singing "Kill The Boer" in stadiums, and general anti-immigrant violence has me very worried for its future. Sad because it's such a beautiful country.
@@ricequackersthe Boers behavior doesn't help their case either they tried to create a country inside the country of course people are not going to like you. But Russia has offered to take most of them in they should just leave
Why is P(urchasing)P(ower)P(arity) is being used? Size and growth of economy can be measured only in nominal values, leaving PPP for comparison in costs of living.
I think we should look back at how TANZANIA was generous to use her money to help other African nation to achieve their independence. But still Tanzania managed to get up and her economy is amazing now. On the other hand, Kenya was doing nothing in helping other African nations by that time. Now, Kenyan's money is in corrupt politicians while in Tanzania, anyone who works hard, becomes rich.🇹🇿 Is far more better than🇰🇪
Generosity!!!??? Countries should not be generous, they should only focus on their interests. The worst thing Nyerere did to our mother Tanzania was turning his generosity into a Tanzanian agenda. He stagnated our economy because of his generosity.
@@tcmcity51 if Mugabe was such a hero then why did 3 million Zimbabweans flee their country to come and find work in South Africa? You probably a dumb Shona
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Burundis economy is less than 20 years young. The country was in a Civil war through the 90s until the early 2000s. After the war, the country hasnt been a donor darling like its neighbour Rwanda and it hasnt milked its genocides against Hutus in the 1970s, assasinations of elected presidents like other countries around it have. The country has had to deal with meddling and coup attempts helped by Rwanda and others . The Country simply hasnt had the time and space to improve because of constant fighting off its enemies within its boarders and abroad. The EU sanctioned this war torn country for Godsake when the then president was looking for a 3rd term, as they were sending Aid to Rwanda and Uganda where the presidents have ruled for decades. Burundi is moving slowly but has an advantage compared to its neighbours and thats the peace and power sharing between its ethnic groups which is better than before and looks to continue into the future. Burundi doesnt use PR and Western style statistics manipulation to present a POTEMKIN village and its not a survillance states like Uganda and Rwanda. Another point is that burundi hasnt been invading the DRC to loot, steal minerals and sell them as made in burundi products like many others have actively been doing since the 90s. So Aid is almost non existant and there is no money from stolen minerals which explains its economy position but its better to build slowly than go for records with many facades. Note : French is holding burundi back by miles.
Bro I was looking for this because they swear these bad leaders pop up out of no where . If you say they prop up these leaders like they do dictators then they say African nations need to take accountability…
Based on Fraser Institute's Economic Freedom Index 2022, Kenya, Uganda and Botswana lead as the most economically free in Africa, crazy that South Africa has dropped. I think long-term based on current data we can bet on Botswana and Kenya. Botswana is landlocked though, and Kenya still has issues with corruption and bureaucratic redtape. Both Botswana and Kenya seem leaning to Western values, while would-be powers countries like South Africa is looking to Russia and China, Egypt is authoritarian, Nigeria has so much potential but more problems than Botswana, and Kenya, and is increasingly shifting to the East as well. Ethiopia's growth has been based on government investment in infrastructure, not really free private sector growth and activity as we would say for Kenya, South Africa, Nigeria, and Botswana. Also look out for North African countries like Morocco and Tunisia, they are managed with that Western market-based taste despite them being predominantly Islam, and they side with the West politically.
@@varoonnone7159 all Islamic enlightenment scholars were killed. Islam was not very fond of liberal ideas despite the fact that they contributed so much to capitalist ideas, math and science. Actually, successful Islamic states are not theocratic. When Iran/Persia was powerful, it had no theocratic state, remember the Shahs? Remember Turkey before Erdogan? Remember North Africa during the Islamic enlightenment? Look at the UAE, and now Saudi Arabia. So I don't agree with you that Islamic theocracies are a success, any religious theocracy shifts towards fascist tendencies.
Well-researched video! I closely follow Africa and still I learned several new things about the continent. Please make videos about different countries of Africa as there is not much content available. Thank you! :)
@@EA-pn9yminterestingly, our 14-year-old Constitution has an allowance for such. Picketing and demonstrations are protected in the Constitution of Kenya as long as they are not destructive. Personal liberty is a thing here. In Tanzania, I've seen people getting arrested for opposing the government. You need a new Constitution. That said, I also believe that Tanzania has higher chances of growth and development. I won't be shocked if Tanzania beats Kenya in just 5 years.
I have been to mauritius, and for me, I think it's the perfect country. It's rich, developed, clean, safe, amazing entertainment, functional cities and still keeping its amazing mountains and beaches, and it's food is 🤌
You don’t know what you are talking about with a Datas you have. You lied saying Kenya economy is 80 times bigger than Tanzania? You should do your research right before Narrating things of the Pas (1947). Tanzania 🇹🇿 is Leading East Africa now and it economy is growing in the Rate of 6% while Kenyan is Growing at 4%rate.
Correct but the countries are not in the same league... 1 percent growth in SA has large impact on it given the size of its economy. You need to consider that....
Good Government and quality education for everyone is the key. The former will direct the economy and invest in the infrastructure needed. Keep outside influences outside of your country.
Africa doesn't have a unifying element Europe has Greco-Roman foundations, India has Dharmic foundations, even Han China has confucean foundations, what do Africans have in common ?
Africa has a corrupt leadership problem. But Africa also has a people problem. Most Africans blame their corrupt leaders for the reason why they are poor, yet other races of people are able to succeed and live a good life in Africa.
What are you talking about? What other races are you referring to? Do you see what's happening in one of the poorest country in Africa Niger. France was plundering the country now the military has detained the corrupt government France wants the corrupt government back in power. France gets 25% of its uranium from Niger and 26% from Kazakhstan and less than 20% from Canada that means Niger is producing a lot of uranium to keep lights on in France they should be rich but they are one of the poorest because of policies setup by colonizer that favours their companies over local development. That's why the military took over the country. France was mining companies was asked to leave and out of bad faith they used bulldozer to crash company cars instead of giving it away to locals that they have exploited for more than 60 years. Also now they want to start a war with Niger because if they can't control Niger they can't build a gas pipeline from Nigeria that cross through Niger Algeria and connecting to Europe since they are avoiding Russian gas. Yes the west is the reason why Africans are poor you don't like to hear it but it's the truth.
Africans are the poorest people on the planet. Even poor Indians have more money. When you go to a place and bring capital, you’ll achieve more success than a poor native. A person born in a poor country without access to clean water, food, and transportation access to economic centers isn’t going to do as well as the foreigner who comes willingly with money and a plan. African countries should invest in their citizens so they’re more competitive, and not getting dominated by foreigners in their own lands.
Other races like which? There are more poor countries in the world than just Africa. I know it must be crazy for you to hear. Also there is more issues than just corruption, though it is a big reason why many countries are held back currently.
As a French, I know I'm biased in my opinions about Africa but still it is a very economic liberal focused documentary, that doesn't talks enough about how the population is living and improving (or not) its level of life. And it also needs to devellop more about why socialist governments in particular aren't able to govern : is it more because of corruption or just because it is not as liberal as the U.S?
Socialism is the problem seems like a good idea at first but what happens is that people are not allowed to trade in ways that make sense so they can't get richer. they must do the jobs that are assigned to them and they can't innovate and take risks so there is no growth .things just stay the same if everything goes perfectly there will be minor improvements but the system is not flexible. so when a problem shows up they wont respond fast enough compared to societies where people can make their own decisions on what to do. when these African countries got independent in the 1960s socialism was very popular.
The income disparity in Kenya is horrible. Kenya is great if you’re rich. I don’t think Tanzania is doing bad but could do better with the resources they have
Well, sometimes statistics don't reflect with what's on the ground. The problem with Western analysts is forgetting that these countries, where colonies for many years and majority got their independence in the 60s. What I want people to understand is that grouping africa as a country is not right for many facts. China and India have almost 3 billion people without any serious minerals, but only relying on cheap labor and being industrial hubs. Africa needs time for transformation and the countries, too. I.e I will give you an example, which statistics don't reflect, the top five poorest countries are from Africa, 1/3rd of the world's poor is in India. It also has a higher proportion of its population living on less than $ 2 per day than even sub-Saharan Africa. 828 million people or 75.6% of the population is living below $2 a day.😢😅
Interesting points but giving some false information. Colonial meddling does still play a role, the non corrupt leaders have faced a disproportionate amount of foreign sponsored coups to be replaced by tyrants. Tanzania became poor due to the cost of the anti Idi Amin war, it took 27 years for that bill to be paid off. And in Burundi (contrary to Rwanda) it's the Hutu who faced a genocide by a Tutsi led government in 72 and 93, there again by 1990 Rwanda almost had double the GDP per capita of Burundi. Due to stability differences, on this you're right. Burundi also faced sanctions in 2015 to 2022! Botswana carried out a partial nationalisation of its resources and redistribution. Their success isn't based on trickle down myths that barely worked anywhere else. Overall your video is good but you gotta keep researching.
@@cocoday6215 these steps aren't rigid because countries are different from one another. Most African 'poor' villagers have food and a roof in the family land, that makes it hard for them to accept working overtime elsewhere if all they get is rent and food money only (they already have it!). Sweatshops in Ethiopia were paying $24/month. In the current 1st world peasants were once landless and miserable, anything else (colonial settling, filthy mines/industries, resource grabbing etc...) was an improvement for them.
@@sans_hw187 What??? NO....Who told you that??? Their GDP has surpassed South Africa. Infact....they have the highest GDP in Africa right now. More then 400 billions, if I remember right. I'm Italian, but I grew up there, so I know what i'm talking about....They don't live in the jungle. Yes, Is not Milan, London or Paris, but they are developed. They even have a space program. Plus, they even have the strongest ground army in all of Africa....only Egypt surpass them, because of their aviation.
@@sans_hw187 Per capita is not a reflection of how rich a country his but the GDP. GDP per capita is just dividing the GPD by the population. So it is not reflecting whether the people are really getting that money or the politicians are stealing it. So GDP is what proves that a country is rich not per capita. A country with a high GDP can purchase what the one with high per capita can't. For example, if a luxury car for $11 in needed by two countries. One has a GDP of $15 with a population of 15 people with a per capita of $1 and the other has $10 with a population of 5 people with a per capita of $2. The former as a country will be able to purchase the luxury car and still left with $4 for the poor population but the latter can't but would have to borrow to buy it despite the population is rich. So GDP really matters to the wealth of a nation economy than per capita.
@@youme1414 right, so you’re telling me that India is richer than Switzerland? Let’s ask anyone if he would rather be a Swiss or an Indian citizen, and we’ll see if the total GDP is what matters.
@@sans_hw187 Yes, India economy is larger than that of Switzerland meaning it is richer. You mean it is more comfortable to live in Switzerland than India. Yes of course due to good infrastructure and policies. India can afford space exploration without feeling the pinch when compared with Switzerland. Even the wealth of Switzerland is based on a pyramid scheme like the banking system, etc. heavily relying on the the other developed nations.
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Maybe because all of the useless work shy are arriving in the UK
Hi Econ! Can you please make a video on problem with Chinese economy please 🥺🥺
You've made a number of key mistakes, especially with Mauritius, ignoring its central role as a tax haven economy, and an economy driven by tourism. It is still a mono-export country in that sugar dominates.
It's growth, while ultimately due to playing nice (favorable tax haven laws) with foreign investors, is due to the nature of it being a tax haven. Hardly really a valid comparison to other nations.
@3:10 TUTSI ARE THE MOST ANTI BLACK GROUP IN THE GREAT LAKES REGION 🙏🏿 PLEASE RESEARCH >>> TUTSI UBWENGE
you totally ignored the fact that Zimbabwe has been under heavy sanctions for the past two decades and Botswana has never been sanctioned, your analysis has gross mistakes. I would not recommend your video to anyone except to show them the ignorance in it.
As a Kenyan i don't even want my country to find any minerals, we are good as we are, natural resources in Africa are a recipe for disaster. Let us focus on Human resource development and the service industry thats where sustainable wealth is found
the moment Valuable minerals are found ... that will be the end of the Kenyan democracy
@@CharlesXavier-fx4jbIt reminds me of migori Gold found on the road. We almost became poor 😅
@@Engineer_Ian yea ... and does that correlate to the rioting that occurred almost in the same period... the CIA has ways to infiltrate other nations ... the rioting would have been worse if President Ruto didn't bow to western bureaucracy .
Exactly.
Japan, South Korea, Singapore, Hong Kong, Macau, Uruguay, Costa Rica, Chile, etc, have almost nothing of natural resources and look at them:
Prosperous, stable, peaceful, developed and with state of art infrastructure.
Imagine without corruption Kenya would be very far
Africa needs internal roads and rail and be duty free. Like an African eurozone. Also they need to diversify into manufacturing. Chinese workers get paid way more than African workers. There’s no reason Africans need to consume Chinese goods when they can easily make the same goods.
African Continental Free Trade Area is a project put in place by African Union to create create internal roads and duty free. But it is not working at all. And this has more to do with bad governance once again in the different states.
the roads and infrastructure problem is huge, in advanced countries the cost of transportation for the price of the goods is like 20%, in Africa due to the infrastructure problems it increases prices by like 80%, what Africa needs are billionaires and business people willing to build the future of course without sound government that will not work. The Billionaires in Africa amount to like 18, in the whole god damn continent, I assume theres many more due to corruption and government officials probably hoarding all the money and not investing it correctly, but the 18 billionaires in a whole continent is crazy, there's more billionaires in countries like Brazil Indonesia Thailand etc which also means the business potential is enormous, which is an incredibly good thing if people from those countries manage to utilize it correctly Vs if China US or any other mega nation realizes that and starts hoarding all that potential to their companies and billionaires. well because Africa needs it way more
@@SS-up5sc As a Kenyan Development economist, the current problem is insane government policies.Africans are natural investors & innovators but bureaucratic red-tape is what hinders growth.
makes sense, I feel like the governments are not aligned to help the people progress, they just want to enrich themselves, thats the main problem, countries like Singapore and South Korea had dictators who lasted decades but wanted progress rather than to enrich themselves, and maybe the fact that those countries barely have any natural resources, which meant they had to develop or die basically there was no other way, compared to Africa which is full of natural resources which can enrich the government while them not having to do anything for the people @@clingyking2774
No we don't need a borderless Africa... South Africans don't want Africa in our borders and it's a prime example of what Africa does! What Africa needs is to build it's in roads,rail and Harbor's... South Africa is not the solution to your problems, when Zimbabwe Mozambique fled Africa not once did Africa condemn what the did. No we don't need the AU or Africa's communism, we going to close our borders next year
you neglect to mention that despite south africa's economic growth, it possesses the highest income inequality in the world
Income inequality is a problem for every African country alongside corruption by the way but still dont think those people are poor bcs of that,their country is still thriving strong
@@nkosinathisibiya600 in some countries like Algeria 🇩🇿 it is extremely low
@@mileslloyd2196 it indeed low but what the point when that the only thing Algeria is better at compared to south africa which dominate when it comes to Gdp-Gdp per capita,infrastructure,education,health care ,water availability etc
It one of the reason Aficans swam into South Africa even tho they like to scream xenophobia and stuff it bcs they know South Africa overral has a better living environment compared to their countries
First make sure there is actual incone before you try to redistribute it. Otherwise you are just going to stunt the development of your country.
@@miniaturejayhawk8702 Algeria 🇩🇿 is one of the richest African nations
Most poor countries in Africa are French speaking . Don’t ask me why
I don't think Burundi is a french speaking country
@@D402Sit is...
It is a french speaking country
@jonnyneace8928tu parles de quoi ?
French government purposely placed dictators on most of their former colonies to keep a control on them. Gabon is quite rich today, but most of the money is kept by the elites. They also kept control through the creation of the Franc CFA, the currency used in a lot of former french colonies.
Now other factors have to be taken into account. When you look at Tchad or Mali you can also explain their poor economic growth by their geography (being in the middle of the Saharan desert is quite a huge rock in the shoe). Add instability due to the presence of islamic groups in the region and you lose the majority of the possible investors. If you look at Sudan, next to Chad, despite being a non french historical colony they are also doing bad, even though they could have benefited from their proximity to Egypt and the presence of the Nil and some Pyramids for tourism. And I would end with saying that even though more former english colonies are doing good on paper, a lot of them are also poorly dividing their wealth, which means that, as in Gabon, the majority is kept by the rich and the population don't get anything (Nigeria is a good example).
I'm from Madagascar 🇲🇬 not a lot of people are talking about our economic path: called "the Malagasy Paradox" we are the sole peaceful country in the world which dropped in economic terms. Poverty grew up, infrastructure is low, as well as education (despite the fact we had the most modern pre-colonial education system in Subsaharan Africa), and unlike countries who knew atrocities (famine, genocides, wars...) we never knew or knew few of these and it was enough to kill our economy: with that, enforced corruption, insecurity, disasters' impact, predatory elites and a low development on human capital
I never understand how Madagascar not popular tourist place like you have more potential then hawaii and taiwan who also small islands , I feel their huge corruption and off course france , anywhwre france present their always corruption and puppet leaders who suck the country dry .
people need to protest and reform the government.
@@rizkyadiyanto7922 Last time we protested, it worsened our situation
@@art_hist_2000 ???
@@GuntherFehlingercrackdowns and a hardline stance I’m guessing
I'm from Uruguay. In 2002 Uruguay was a very poor country and near to the bankruptcy. Nowadays Uruguay's GDP per capita is a bit lower than Portugal, which it's a western european country. Uruguay can perfectly offer works and citizen safety
Poortugal?
But it’s not an African Nation
@@adityachaurasia0109
The point of this commenter is that the nation was and has developed into a much better economy. The Global South has more in common than differences. Be it Africa, Oceania (excluding Australia and New Zealand), South, Southeastern and Central Asia, Latin America or the Middle Eastern region. Different regions very similar issues including economic issues.
Kudos, I just checked and y'all have a $21K GDP per capita!
a bit lower how uruguay is 17k and portugal is 24k so big difference
Rwanda is not rich. Rwanda is famous. Rwanda is one of the fastest growing economies in the world, but not rich. Rwanda's GDP per capita is ridiculous compared to Kenya and Tanzania, let alone Cote d'Ivoire, Ghana and Cameroon. Rwanda is poor
Rwanda is famous for its diverse and fast growing economy. They are not rich by any measure yet but if they continue developing at this rate, we might start placing them in middle income countries soon.
@@kevinn.7376not to be a rod in your donkey, but him the title speaks of mythical insanely rich African countries
@@billymakale1338 it’s not mythical just the actual disparity in wealth goofball.
@@niqqaa I'm speaking of the title not the content of the video, cutie pie.
@@kevinn.7376 gdp per capita between Ghana and rwanda has widened, not closed...see world bank data.
As a Kenyan, I say "Kazi mzuri" That was a well-detailed and unbiased review of Africa's economy, definitely learnt a lot from here
Puleze. Did you hear him moan about population growth. Africa is UNDER-POPULATED.
This was a complete bs analysis of Africa.
Morocco and South Africa are the best in Africa, whether economically or politically, and they are also the best in infrastructure
Subjective as each economic category has its own growth measurement, and the 2 you have mentioned are very much not usually pushed in the media negatively therefore to compare amongst other African countries is very much arbitrary . Historically the 2 have benefited immensely from wealthy interest mostly related to having a more appealing structure of life similar to the west that is involved non-Ethnically African decent individuals
Algeria is more advanced than Morocco, just less popular internationally since Algeria is anti tourism. Politically maybe there's a point but you're comparing a non democratic Monarchy with a non democratic Republic. Seems even there. Just one sucks up to the west and the other sucks up to the East
Your opinion ,in my opinion Botswana and Namibia are the best small,peaceful ,democratic and great GDP per capita ,not to mention less crime
Hmmmmm i will say Nigeria 🇳🇬
For how long???
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Because Africa is not a monolith. It’s the same with Europe. Eastern Europe is relatively less developed than Western Europe.
South Africa is essentially a grant state. 40+% unemployment, electrical blackouts daily, corruption etc.
Say thanks to pik for prioritizing that waterkloof ridge mansion instead of economic access for the 80%.
Im from South Africa and we are not rich many of us are unemployed
Your kind is allergic to work
Very well explained. The comparisons are really good. I am baffled by the difference between Rwanda and Burundi. Keep up the good work.
The wrong part is that by 1990 Rwanda already had close to double the GDP per capita of Burundi, even though Rwanda had started as the poorest country on earth.
And in Burundi the genocide was against the hutu, not by them as mentioned in the video.
Rwanda government is stealing minerals from the DRC
@@1wun1Are you sure jenocide is against hutu?😢 don't lie it's against tutsi same like vidio
@@niyonzimaemille5303 in Burundi it was against the hutu in 1972, by Micombero government.
Great to see you here Stephan! Go hustle African history!!
Its important to note that 14 west Africa countries monitory policies are controlled in France, this countries have to deposit 20$ in every 1$ that is in circulation in france and when things are not working they have to borrow their own money , this is the major reason why they are poor.
That’s why Côte d’Ivoire and Gabon are doing so well economically ? The CFA franc brings stability: compare the inflation rate of 3.5% in Côte d’Ivoire VS 19% in Nigeria.
@@sans_hw187 why is there an assumption that this can only be guaranteed in by France or EU who don't even use the CFA currency, most Africans countries that manage their own currencies are doing far much better than this countries... The base line is this is a looting scheme in place France uses this money to prop up their economy and this countries are forced to keep borrowing to mentain the system that does not benefit them.
Typical coping lying 😂
@@sans_hw187 the west is never to blame never at fault , what you do is always good and never bad. Stop controlling other countries and get the hell out of Africa.
Out of the 14, how many have reasonable growth for developing countries? What is the GDP growth prediction for 2023 for the other 12 compared to Tanzania or Ethiopia? Also, Gabon is an oil exporter owned completely by TOTAL a French company and the reason for GDP growth is rising oil prices. Ivory Coast also relies upon coca which has seen a good price rise in 2023. Also, 14 countries in Africa(all of which are in the Franczone )deposit their money into the French treasury on top of that they are required to take out any money they deposit as a loan. Guniea- Conakry left the Franc and was met with total infrastructure destruction as well as an operation by the French Secret Service which flooded the country with fake bank notes their president Seke Toure was assassinated many believe it was France-backed. I guess that was to stabilise their economy. Zimbabwe has had its highest wheat and tobacco yield ever and is going to start exporting corn to surrounding countries. Please be honest Sans don't act like a snake. @@sans_hw187
Now, this is an interesting analysis. Thank you, this seems like a fair and nuanced review of Africa's economies.
Yeah right. White guy complaining about blk Counties being corrupt, but don't mention imperialism and racist sub group ruling their country.
Mono
Why is Burundi’s economy the poorest on earth? Because Burundi has no restraint on state predation. It’s a slash-and-burn economy. In one episode the rulers stole so much money straight out of the central bank that it was no longer possible to cover up the gaping hole. The only solution they found was to set the incriminating records on fire. Whole sections of the bank mysteriously went up in flames! It was spectacular in a sad way.
hoooray to capitalism.
@@ishredder4006 That's not capitalism, that's just blatant corruption. Could have happened under communists like China or the Soviets too.
@@ishredder4006all for me and nothing for everyone else😊
@@ishredder4006and exactly why is capitalism to blame and not just corruption?
@@cuber5003 if a communist country is poor, do people blame corruption or heavy sanctions or material conditions inherited from the previous government?
No doubt that corruption is a major factor for slow economic growth in Zimbabwe. You completely ignored the fact that long standing economic sanctions imposed on the country by the West are also a major factor in hindering economic growth for Zimbabwe.
Correct me if I am wrong, but Botswana never had to fight a war for independence and never had sanctions imposed on it like Zimbabwe, these two facts alone would account for much of the difference. Zimbabwe ran into difficulties because it has taken it's destiny into it's own hands rather than allow the West to determine the level of development it can achieve.
Right!? Like it seems this video is missing all their history. "West good, Africa poor". Sorry but I just dont believe that. The west has intentionally kept Africa poor to exploit their resources. Through coups, sanctions and just leaving reminants of colonialism.
Bad governance (Mugabe and his clique) ruined Zimbabwe.
👍🏿👍🏿👍🏿👍🏿 This is a propganda channel setup by the devils. Sanctions are used by the west as collective punishment until they get the regime change that is in their interest so they exploit the continents wealth.
Exactly, these pseudo journalists from the West always ignore the involment of their countries.
..we all know that zim's economic failure is an engineered agenda for regime change.
You should really look at the story of Seretse Khama. From marrying a white woman (which cost him his royal status) to fixing the economy overnight, it truly is an amazing story to read about.
True
This documentary is spot on. As a Nigerian I must say, you concisely described the state of the economy of Nigeria as well as the rest of Africa.
This post is rather disingenuous, painting Africa on the whole as being poor because of corruption and lack of Governance. Lets not forget it was at the 1884 Berlin conference, when Europe carved up Africa for its natural resources without any Africans present. Many regions such as the Gold cost and Niger delta were wealthy and well run. After depopulation vis the slave trade and asset stripping, no wonder Africa is poor. With restrictions on exports and IMF loans keeping them in debt they are in a cycle of poverty. What they need is the ability to compete on a level playing field by being allowed to manufacture and export their own raw materials.
@@David-ox7ps "Many regions such as the Gold cost and Niger delta were wealthy and well run.", This is not true in any way, in the 17th-19th centuries while europe was experiencing industrial revolution, most city states in these regions were still relatively primitive. Slavery in these regions was rife way before and long after the europeans came and left. ALL SLAVES that were transported to the new world and europe were captured and sold to white slavers BY NATIVE AFRICAN slave traders and warlords. Slavery was so endemic in our cultures and societies that it took colonialism ( ironically) to officially abolish slavery in most colonies.
@@dekev7503 You need to check the facts. The Ashanti empire was formed just as the transatlantic slave trade was at its peak. They became wealthy and powerful selling Gold for arms - much of the Gold was stolen by the British. They had a sophisticated form of Government, infrastructure and thriving culture. It was primarily the Fante who sold slaves (Ashanti prisoners of war) to the British to keep them from accessing the African interior. The African slavery (which they have apologized for) was nothing compared to the inhumane chattel slavery practiced by the British, the largest slave traders. The Niger delta was rich in palm oil and prior to colonization, King Jaja of Opobo was keeping good company with Queen Victoria and sent his children to school in Britain. Colonization stripped Africa of its own natural resources, wealth was extracted and no infrastructure was put in place leading to decline in the local economy.
@@dekev7503 Development doesn't occur in a vacuum nor just for the sake of development. It is the need for survival which forces living things to innovate, change and develop. What you call primitive is as seen in a foreigner's eye. If those people were happy and prosperous in their are then there was nothing primitive about it. Did they need huge manufacturing industries, cars, etc, etc? Absolutely not!! What they had satisfied them which is what is important in life! Had they been left alone would they have eventually made their own "industrial revolution"? Most probably yes because their intelligence was/is no worse than any other people in the world!! Please lets not use the colonial narrative meant to demean other people!!
First praising Botswana for miraculous growth made possible by nationalization of income from diamond mining and clever redistribution of the profits and then stating that nationalization and socialism is the path to failure and poverty - which one is it now?
These 1:1 comparisons with extraction of single characteristic every time really do not paint a complete picture
these videos in a nutshell is all about management and luck nationalization is not the answer botswana were lucky to partner with not a crooked european company
It's all about how you manage your country.
@@quantado9411 yep and all these corruption are born from: 1. Western crooked organizations, NGOs, companies, sometimes even gov. 2. Bad governance because poor people are lower cultured they cannot manage as efficiently. 3. poverty breeds corruption and the cycle
True, many economic explanations sound almost like religions.
And the thumbnail show Zimbabwe vs Rwanda without mentioning that Zimbabwe has a higher GDP per capita while being sanctioned.
If a complex country like India with so much diversity from religion to culture, languages can grow... I'm sure nothing should stop African countries to develop
Good governance, low corruption & political stability are the 3 ingredients for any country's economic growth.
Look for a finger of the west if you hear of any underperforming economy.
You missed one ,the absence of traitors and bad external influences
You can add to your list, not going down the communism/socialism route.
@@marcq4106also pro west puppets put in power through coups financed by the west, then protected from civil rebellion by “UN Peacekeepers” or Foreign military bases
@@aking-plums6985 China - the second biggest economy in the world.
How DRC isn't the richest country on the face of the earth is just shocking 🤷♂️🤷♂️
My thoughts exactly 😢
Well being at war for 30 years kinda explains it
You do realize Africa is not only subsaharan? Like we North Africans exist too so lets not generalize subsaharan countries under the name "Africa".
Probably we should start by explaining how the muslim slave trade of blacks enriched you
I agree. But such generalizations usually happen when a continent and any large region has more people of one _____ than another (skin color, wealth, religion, culture, etc)
@@neezduts_well they included Mauritius this time...
Not our fault when North African people and countries prefer to be refered as excluded Arabs or middle easterners.
North Africans call themselves Arabs and they are more well off
Very informative video but i cant help but to notice it completely ignores north africa
They are still trying to cut it out of Africa. Everyone still wants to claim Egypt.
Brilliant channel. You've earned my sub. As a student of political science, history, economics and population/development...many of the analyses and points raised are illuminating for me. Wishing you further success and growth - from Johannesburg, South Africa.
Wish a lot of prosperity to africa in the upcoming years
Rwanda is blessed.
You lost me at your caricature of left vs right arguments to explain Africa’s poverty. If someone’s has a better video to recommend, please comment cause this is not it.
Hey 👋
So, I've learned some stuff here a bit more than my A' level Economics classmates could stuff thru my head
But, I'm confused when one says Uganda's economy (my country) is non resource intensive??
What are we depending on then??
Agriculture & Service industry...aka Coffee, matoke & bodaboda.
There's a lot of crypto bot scams in the comments, just be aware.
Great video! As a Rwandan I can confirm that great governance is what brought us from the abyss and to where we are now as a country. We still have a long way to go to achieve development, but we trust Kagame to get us there, as long as he is alive and willing to rule us, we will vote for him and support his policies.
Im proud of Rwanda really happy for u guys, , SAn here
They rarely discuss North Africa; there should be more focus on it. When I mention being North African, people assume I live in an extremely poor country without food and water security-a stereotypical view of Africa. Why not acknowledge that some African countries are actually livable?
Most of the time most of Africa is grouped into sub saharan and north african
Nobody wants to live in the desert.I would rather live in subsaharan Africa especially southern Africa.
@@Meikles888I doubt you'd want that
@@abdulrahmanzubairu8371 it's more beautiful,been to Tanzania,Kenya and Rwanda..just took my breath away
@@Meikles888 are u assuming that north Africa is just a desert 💀jokes on you.. It's sm more than that.
Reading the comments, I realize that this comment left out important socio-political nuances to simplify this video and make it more optimistic. However, it worked. This video made me very optimistic and happy.
"There is no doubt Africa is growthing"
This analysis leaves a lot history and psychological (ptds)effect, the unwillingness of multinationals to trade fairly and influencing coups on those who wanted to do best for their countries best on policies not favourable to those companies that are based in western countries.
Unfortunately this isn’t just limited to Africa or even economically less developed nations, this is a worldwide problem.
@@BlackDoveNYCAfrica is prone to unfair trade deals than any other continent on the planet because of the way things are set up.
The coup's are executed by cheap mercenarian locals, that's why they succeed. With no willing takers, the desires of foreign business interests remain theoretical, at least in theory😀😀
Thats the exact thing thats opened a window for China to do trade with alot of African countries right now, negligence of alot of Western powers
Bingo, impossible for African to get a fair shake when they haven’t been able to defend themselves from the west meddling . And the moment he brought Zimbabwe I lost interest, these Propagandist always leave the fact its was sanctions by USA that crippled them in the first place .
Maybe in another video, you can explain, How Rwanda is the first country exporting coltan when the world reserves are located in Congo ?
Many dont know that rwanda is stealing from ITS neighbours
This is a great documentary which reinforces Paul Collier's work.
Thank you so much.
Mauritius has a tax heaven economy, which is inflated by artificial foreign investment.
Yes Seychelles is turning into the same
@@marshalljulie3676
in such a economy........most money goes to foreign investors eny way
Interesting. Thanks for the insight. 👍
Mauritius is not on the EU's grey or black list.
The finance industry isn't even one of our main sectors. It comes after manufacturing, tourism, sugar, IT and back office outsourcing
@@bliss252
What insight? He is wrong
This is true,what ails most African countries is leadership and poor policies.If we get leadership right,reduce unemployment which is the current time bomb,Africa will be the destination..Lastly Africans need to slay Corruption.[Kenyan]
Yr title is misleading. There is no insanely rich country in Africa. Rwanda is a poor clean country with good governance. It attracted investments but pe Capita is less than 1000 usd
Intellectual poverty manifests as physical poverty. It is not a coincidence that the world's smartest people are also the wealthiest. If you can't image it, you can't create it and if you can't create you can't not add value.
Seems like a gross exaggeration ,and quite bigoted. Africans are as smart as Europeans, or Asians, or Latinos. The difference in any of this is access to education, resources and infrastructure.
clearly you did not do your research well, you totally ignored the fact that Zimbabwe has been under heavy Western sanctions for over two decades and Botswana has never been sanctioned. This just shows the problem with RUclips videos that appear to be "know-it-alls" and yet do not even know a thing about the topics they are discussing.
Africans,can come to school in Eastern Europe, schools are free, health care is free, in Eastern Europe we have the lowest unemployment rate, shops are open on Sundays, you can earn extra money on weekends. Eastern Europe, Intermarium countries need workers for factories in industry, processing, for highway construction, road traffic, paving stone sidewalks, infrastructure.
Bro has no idea what Socialism is.
The context is misplaced. Countries like Tanzania and Zambia never compromised in their fight for the liberties of other African countries. Kenya and Malawi compromised by embracing oppressors that time. It's not about socialism and capitalism but the bad or good relationships countries had due to the independence struggles in their neighboring countries. Otherwise, we should be talking about development now after years of independence
Zimbabwe has a very good leadership....the Colonists was spiteful and the Economic Sanctions slowed their Economy but Mugabe did well under Sanctions to maintain their Economy...The Colonist were more cronies
Oh please. Your elementary school teacher leader was chronically incompetent
@@varoonnone7159 then what is the point of the sanctions then but to keep a truly independent African country down, its been two decades already
@varoonnone7159 Correcting and educating ppl about misinformation...If you think logically the Europeans Ancestors and present practiced improper and unfair trade practices....If an African country decides to make a positive change for the betterment of their ppl...Europeans countries react negatively with Sanctions, Military and or favor someone who don't have the the ppl of their country at heart...Sanctions breads corruption within and with ppl of International Interest...Zimbabwe has done well to maintain its Public, Education and Industries intact...Zimbabwe regime over the years being Sanctioned was resilient and learned to create a Black Market economy to perfection...It is ironic Western Companies are aligned to this Black Market...Zimbabwe gold and diamonds are considered of the finest quality...Lately with the assistance of Russian farning machinery Zimbabwe Agricultural Sector is seeing a huge turnaround...As in anything progressis being seen from their decision of taking back the Agricultural Lands...Only a leader of vision can accomplish this...in the face of controversy....
@@jertech8157
Why don't you grow despite the sanctions ? Oh wait. You depend on the West
@@varoonnone7159you keep hauling insults about things you know very little about. I don’t know why but I guess you consider Zimbabwe doing what was best for its people as stupid. It had to be done. You haven’t provided adequate information to suggest why you think what you do besides insulting the people you are talking about. It’s easy to claim something when you haven’t been in the country. Regardless of what this video suggests Zimbabwe actually is growing and developing.
Always remember that there is a country called Namibia. And it is well organised with working government institutions.
According to the title of the video, some African countries are insanely rich which is not true, South Africa's economy is praised despite south Africa being the most unequal country on earth, Rwanda is growing fast thanks to aid and investment from the developed world and they are spending money that they dont have, North Africa is completely ignored, Legacy of colonialism is also brushed off, is it a coincidence that former British colonies are much wealthier than former French colonies because of France's continued meddling in the region? This video also fails to see that a lot of Africa's economic growth is population driven growth
South Africa has richest blacks in Africa. Most African migrants are flocking to SA ahead of any African country making you question this unequal nonsense, if we are most unequal, why are all kinds of Africans all over our nation looking for better life but you never see us in your countries?
@@lozi4163 Of course south Africa is doing better than many other African countries, but it gets wayy more praise than it deserves. South Africa's wealth concentration also gives a false impression of the actual wealth of the people, remember that GDP per capita shows economic activity not personal income and the very few elite hold most of that money
@@Muhammad_Ahmad_ why are you guys butthurt by that? Why do you feel like SA gets more praise and why is that your concern? Sounds like jealousy to me. No SAfrican is concerned about your country but seems like you guys are forever butthurt. Most of SA wealth is not concentrated in minority, white people have more wealth per capita but the collective wealth is not in their hands. This is why people must focus on their countries instead of poking their noses on other countries that they know little about
@@Muhammad_Ahmad_ You can look at GDP PPP you don't just make up random things to try to win argument. SA has the most developed banking system and most collected data with transparency. The other thing you must know is that, when they say SA is most unequal country in the world, they don't mean the world because they comparing SA to about 64 of developing countries and on that list, you find about less than 10 African countries. They probably comparing with newly industrial countries. Most African countries don't even have proper data.
@@lozi4163 why do you think other African countries care about south Africa? You can continue to ruin your country with corruption and lootings while you watch other African economies grow, there is nothing to be jealous of in south Africa
His "review" of many of these contrastive national pairs completely ignores the intense punishment that key Atlanticist powers applied via sanctions, insurgency sponsorship, direct intervention and financial destruction operations on all the countries that attempted socialist-style reforms.
Botswana isn't wealthy its unfair and concentrated wealth not as bad as other african countries but its a game of luck...... especially as a young person all the wealth went to older people young lower middle class are looking for scraps to climb up and Botswana is really lacking behind in development compared to our neighbours Namibia
Botswanas more developed that Namibia ☠️ you're just look at CBD but there other places like AFM that look way more developed than Windhoek also botswanas GDP per capita is way more than Namibias and has the 4th highest in Africa making it a wealthy country
Namibians are poor compared to Botswana they lives in shacks\Slums only white minority lives in proper houses.
Nonsense o bua ka eng ? Botswana has bo slums Namibia has a slum in Windhoek ,the gap between the poor and rich is bad in Namibia one of the highest in the world ,kana lona le rata go kgala gore ,tsamaya mo mafatsheng mo o bone o tshela sentle mo Botswana
I'll paraphrase Michael Parenti. Those countries aren't poor. The US and European states have made a TON of money from those countries. You don't go to a poor country to get rich. You can, however, have most of a country be poor while its wealth goes to the pockets of a few in the modern era-locally a few client regime leaders, and externally to transnational corporate oligarchs.
shh. the westerners are propagandizing their narrative of africans should be independent and rely on their respective european powers for growth
You, leftist, forget to mention that most west african countries are highly corrupted. You, guys, always have in mind the part where you can target western countries.
Your contents are such a great value of information thank you so much ! I have a request about a counrty who are known to be the second richer country of natural ressources after Austrália it will be intersting having a mini-documentary about Guinea Conakry
Interesting, though I'm still left with questions. Like how come some policies work in one country and not in the other? Why is there so much corruption in one state and not in the next?
If possible, it would be nice to have you explore such possible origins and explanations regarding this topic.
Culture. If you want to figure out where a society fails, look at culture. A country's culture will produce the leaders with the foresight to not burn their country to the ground for short term gains. The leaders themselves don't have to be some idealized saviors, just competent enough to keep laying down the foundations that will naturally lead to other leaders who can build on it. And culture being strong enough to weather adversity makes this happen. India got messed up by the British and they bounced back, even though they still have issues of their own. Other asian countries also won't stay down for long even when they fall. But another benefit is other places grow to compete with neighbors. Europe rose together. Asia rose together. African countries that rise get surrounded by failing nations they can't depend on for anything and have to guard against. Even if they get the culture aspect working, their neighbors house always being on fire screws them over too.
@@sianais but then the question arises, how do these cultures come to be? Is it really the culture that dictates the other factors or does culture get shaped by historical events and the brutality of the environment? Or maybe something else?
The countries you're comparing don't really make sense. Why would you compare Kenya and Tanzania, when both Countries growth rate is extremely successful with tanzania's growth at 7 percent and Kenya's at 6. In other words, you set it up like you were going to compare the successfully growing and not successfully growing economies, but instead you compared two of the successfully growing economies to each other, then drew a conclusion as to why one is growing faster based on their governance.. It just seems so forced. wouldn't you compare the ones that you previously laid out on different sides of your chart? It's like I was dogs jump higher than cats and then I compare why Dobermans jump higher than golden retrievers.
1:18 "sub-Sahara Africa" does not exist, their is no place as that in Africa just like their is no place like "Sub-Scandinavia Europe"
One word. Corruption
So you totally ignored North Africa?
North Africans ignore Africa.
@@KO9596It's not like they are different. Africa is a continent.
Even southern Africans never go to North Africa.. also most of Africas best wildlife parks are in Southern Africa giving those countries a huge advantage when it comes to attracting tourists
@@levismith7444 Are you going to really say that to prove North Africans aren't Africans?
@@levismith7444north Africa got more than the rest of Africa combined in tourism
i wish you could mention North african countries and how their economy is :( you could take few examples from there
What good economies have in common? they are small, Small is Beautiful.
South Africa is the wealthiest and most developed economy in Africa, but it's rapidly heading towards disaster and quite possibly socio-economic collapse. They can't even keep the lights on anymore due to rampant corruption and mismanagement. Quite sad to see it go down.
the problem with south africa is you have 1 grou having GDP per capita equivalent to western europe, while another has gdp per capita equivalent to Ghana or Cameroon. This inequality was never addressed & the democratic government, instead of helping up the poor masses, only helped themselves
@@lm_b5080 Yep, the extreme wealth inequality, the ruling party lining its own pockets over the last 30 years, another singing "Kill The Boer" in stadiums, and general anti-immigrant violence has me very worried for its future. Sad because it's such a beautiful country.
Let's not kid ourselves, South Africa has always had the worst wealth inequality in the world. GDP figures can be deceptive. Talk to Ireland.
@@ricequackersthe Boers behavior doesn't help their case either they tried to create a country inside the country of course people are not going to like you. But Russia has offered to take most of them in they should just leave
I pray they don't leave but coexist because if they do South Africa would regret it.
Why is P(urchasing)P(ower)P(arity) is being used? Size and growth of economy can be measured only in nominal values, leaving PPP for comparison in costs of living.
I think we should look back at how TANZANIA was generous to use her money to help other African nation to achieve their independence. But still Tanzania managed to get up and her economy is amazing now. On the other hand, Kenya was doing nothing in helping other African nations by that time. Now, Kenyan's money is in corrupt politicians while in Tanzania, anyone who works hard, becomes rich.🇹🇿 Is far more better than🇰🇪
Is this a joke?
Generosity!!!??? Countries should not be generous, they should only focus on their interests. The worst thing Nyerere did to our mother Tanzania was turning his generosity into a Tanzanian agenda. He stagnated our economy because of his generosity.
Story za jaba😂
Mugabe for thumbnail he really was the most famous African leader
infamous
Gaddafi, Mandela, Selassie, Idi Amin, Sankara, Lumumba…
Mugabe was a fool
@@bonjovi7120 as a Zimbabwean he wasn't
@@tcmcity51 if Mugabe was such a hero then why did 3 million Zimbabweans flee their country to come and find work in South Africa? You probably a dumb Shona
Francafrique v. independence
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Burundis economy is less than 20 years young. The country was in a Civil war through the 90s until the early 2000s.
After the war, the country hasnt been a donor darling like its neighbour Rwanda and it hasnt milked its genocides against Hutus in the 1970s, assasinations of elected presidents like other countries around it have.
The country has had to deal with meddling and coup attempts helped by Rwanda and others . The Country simply hasnt had the time and space to improve because of constant fighting off its enemies within its boarders and abroad.
The EU sanctioned this war torn country for Godsake when the then president was looking for a 3rd term, as they were sending Aid to Rwanda and Uganda where the presidents have ruled for decades.
Burundi is moving slowly but has an advantage compared to its neighbours and thats the peace and power sharing between its ethnic groups which is better than before and looks to continue into the future. Burundi doesnt use PR and Western style statistics manipulation to present a POTEMKIN village and its not a survillance states like Uganda and Rwanda.
Another point is that burundi hasnt been invading the DRC to loot, steal minerals and sell them as made in burundi products like many others have actively been doing since the 90s.
So Aid is almost non existant and there is no money from stolen minerals which explains its economy position but its better to build slowly than go for records with many facades.
Note : French is holding burundi back by miles.
You forgot to mention the crippling economic sanctions placed on Zimbabwe when Mugambe tried to correct the wrongs of European colonialism.
Bro I was looking for this because they swear these bad leaders pop up out of no where . If you say they prop up these leaders like they do dictators then they say African nations need to take accountability…
Based on Fraser Institute's Economic Freedom Index 2022, Kenya, Uganda and Botswana lead as the most economically free in Africa, crazy that South Africa has dropped. I think long-term based on current data we can bet on Botswana and Kenya. Botswana is landlocked though, and Kenya still has issues with corruption and bureaucratic redtape. Both Botswana and Kenya seem leaning to Western values, while would-be powers countries like South Africa is looking to Russia and China, Egypt is authoritarian, Nigeria has so much potential but more problems than Botswana, and Kenya, and is increasingly shifting to the East as well. Ethiopia's growth has been based on government investment in infrastructure, not really free private sector growth and activity as we would say for Kenya, South Africa, Nigeria, and Botswana. Also look out for North African countries like Morocco and Tunisia, they are managed with that Western market-based taste despite them being predominantly Islam, and they side with the West politically.
You somehow forgot Mauritius ?
Islamic theocracies were based on mercantilism. There's nothing surprising about them being market oriented
@@varoonnone7159 all Islamic enlightenment scholars were killed. Islam was not very fond of liberal ideas despite the fact that they contributed so much to capitalist ideas, math and science. Actually, successful Islamic states are not theocratic. When Iran/Persia was powerful, it had no theocratic state, remember the Shahs? Remember Turkey before Erdogan? Remember North Africa during the Islamic enlightenment? Look at the UAE, and now Saudi Arabia. So I don't agree with you that Islamic theocracies are a success, any religious theocracy shifts towards fascist tendencies.
Great Video ! Thank you !
Well-researched video! I closely follow Africa and still I learned several new things about the continent. Please make videos about different countries of Africa as there is not much content available. Thank you! :)
Lesson learned: Free market = good for economy, Socialism = bad for economy
Why do we have more riots in Kenya compared to Tanzania in regards to high costs of living?
@@EA-pn9yminterestingly, our 14-year-old Constitution has an allowance for such. Picketing and demonstrations are protected in the Constitution of Kenya as long as they are not destructive. Personal liberty is a thing here. In Tanzania, I've seen people getting arrested for opposing the government. You need a new Constitution. That said, I also believe that Tanzania has higher chances of growth and development. I won't be shocked if Tanzania beats Kenya in just 5 years.
I have been to mauritius, and for me, I think it's the perfect country. It's rich, developed, clean, safe, amazing entertainment, functional cities and still keeping its amazing mountains and beaches, and it's food is 🤌
India also added African union in G20 and now it's. G21 good for all Africa now there voice can be heard ❤
🤮🤮🤮
We are just invited there and not yet have a permanent seat hopefully more African countries become major economies
Indians acting paternalistically 😂
You don’t know what you are talking about with a Datas you have. You lied saying Kenya economy is 80 times bigger than Tanzania? You should do your research right before Narrating things of the Pas (1947). Tanzania 🇹🇿 is Leading East Africa now and it economy is growing in the Rate of 6% while Kenyan is Growing at 4%rate.
Very insightful and entertaining. I loved it!
P.S: Am actually re-watching it since it was so good :)
But small note: Burundi is democratic
Rwanda and Uganda are ecnomically progressing faster than Kenya and South Africa. Don't trust the statistics even, live in it.
Correct but the countries are not in the same league... 1 percent growth in SA has large impact on it given the size of its economy. You need to consider that....
Good Government and quality education for everyone is the key. The former will direct the economy and invest in the infrastructure needed. Keep outside influences outside of your country.
Very good analysis of the current situation. Africa will unite and rise and become the greatest nation this world has ever seen.
Africa doesn't have a unifying element
Europe has Greco-Roman foundations, India has Dharmic foundations, even Han China has confucean foundations, what do Africans have in common ?
let's be a little bit realistic ... africa will be great if only the west falls
@@bebop355Asians do talk about unity. ASEAN exists. SARC also exists. Why do you care about unity in Africa?
There are any african country insanely rich there are just some africans countries what not poor
Africa has a corrupt leadership problem. But Africa also has a people problem. Most Africans blame their corrupt leaders for the reason why they are poor, yet other races of people are able to succeed and live a good life in Africa.
Especially if the majority vote those corrupt politicians to power.
What are you talking about? What other races are you referring to? Do you see what's happening in one of the poorest country in Africa Niger. France was plundering the country now the military has detained the corrupt government France wants the corrupt government back in power. France gets 25% of its uranium from Niger and 26% from Kazakhstan and less than 20% from Canada that means Niger is producing a lot of uranium to keep lights on in France they should be rich but they are one of the poorest because of policies setup by colonizer that favours their companies over local development. That's why the military took over the country. France was mining companies was asked to leave and out of bad faith they used bulldozer to crash company cars instead of giving it away to locals that they have exploited for more than 60 years. Also now they want to start a war with Niger because if they can't control Niger they can't build a gas pipeline from Nigeria that cross through Niger Algeria and connecting to Europe since they are avoiding Russian gas. Yes the west is the reason why Africans are poor you don't like to hear it but it's the truth.
Africans are the poorest people on the planet. Even poor Indians have more money. When you go to a place and bring capital, you’ll achieve more success than a poor native. A person born in a poor country without access to clean water, food, and transportation access to economic centers isn’t going to do as well as the foreigner who comes willingly with money and a plan. African countries should invest in their citizens so they’re more competitive, and not getting dominated by foreigners in their own lands.
yes because the corrupt government works for those other races....
Other races like which?
There are more poor countries in the world than just Africa. I know it must be crazy for you to hear. Also there is more issues than just corruption, though it is a big reason why many countries are held back currently.
As a French, I know I'm biased in my opinions about Africa but still it is a very economic liberal focused documentary, that doesn't talks enough about how the population is living and improving (or not) its level of life. And it also needs to devellop more about why socialist governments in particular aren't able to govern : is it more because of corruption or just because it is not as liberal as the U.S?
Talk about the cfa…
Socialism is the problem seems like a good idea at first but what happens is that people are not allowed to trade in ways that make sense so they can't get richer. they must do the jobs that are assigned to them and they can't innovate and take risks so there is no growth .things just stay the same if everything goes perfectly there will be minor improvements but the system is not flexible. so when a problem shows up they wont respond fast enough compared to societies where people can make their own decisions on what to do. when these African countries got independent in the 1960s socialism was very popular.
The income disparity in Kenya is horrible. Kenya is great if you’re rich. I don’t think Tanzania is doing bad but could do better with the resources they have
10:17 “First 15 years of democracy SA enjoyed the advantages of effective institutions!…” 1994-2009 Pre-Zuma era. The rest is what we have now 🤦🏽♂️🥺
Your assessment of Zimbabwe ignores the truth of the sanctions opposed upon it by the west, in particular by the USA.
This subtle propaganda video forgot to mention the colonial stronghold erstwhile colonial states have over African economies.
The only colonial power that still has huge influenced in Africa is France and that’s in North Africa
@@levismith7444you mean West Africa. Can't even lie properly lmao
@@levismith7444 The constant meddling in the internal affairs of African countries is an ongoing thing and US regime is at the front in that.
@@thecomment9489is Russia or China not meddling too?
@@cuber5003 No. That is called business dealing. Russia and China and not toppling governments in African countries.
Well, sometimes statistics don't reflect with what's on the ground. The problem with Western analysts is forgetting that these countries, where colonies for many years and majority got their independence in the 60s. What I want people to understand is that grouping africa as a country is not right for many facts. China and India have almost 3 billion people without any serious minerals, but only relying on cheap labor and being industrial hubs. Africa needs time for transformation and the countries, too.
I.e I will give you an example, which statistics don't reflect, the top five poorest countries are from Africa, 1/3rd of the world's poor is in India. It also has a higher proportion of its population living on less than $ 2 per day than even sub-Saharan Africa. 828 million people or 75.6% of the population is living below $2 a day.😢😅
Is north africa countries not a part of africa or what?? Why not mentioned
Its ALWAYS ABOUT “leadership”…
In the next 10 years Ethiopia is the powerhouse of Africa and one of the three biggest economies
Not really. This was based on uncontrolled leaning, they are facing financial challenges. They will go bankrupt
Yes ETHIOPIA will be the powerhouse of Africa.
Mauritius had a better prospect because of its direct exposure to the trade routes in the Indian Ocean
Botswana: we built our own economy,we did not inherit anything from Brits except their constitution ..
Excellent session, very informative. Education is key.
Interesting points but giving some false information.
Colonial meddling does still play a role, the non corrupt leaders have faced a disproportionate amount of foreign sponsored coups to be replaced by tyrants.
Tanzania became poor due to the cost of the anti Idi Amin war, it took 27 years for that bill to be paid off.
And in Burundi (contrary to Rwanda) it's the Hutu who faced a genocide by a Tutsi led government in 72 and 93, there again by 1990 Rwanda almost had double the GDP per capita of Burundi. Due to stability differences, on this you're right.
Burundi also faced sanctions in 2015 to 2022!
Botswana carried out a partial nationalisation of its resources and redistribution. Their success isn't based on trickle down myths that barely worked anywhere else.
Overall your video is good but you gotta keep researching.
@@cocoday6215 these steps aren't rigid because countries are different from one another. Most African 'poor' villagers have food and a roof in the family land, that makes it hard for them to accept working overtime elsewhere if all they get is rent and food money only (they already have it!). Sweatshops in Ethiopia were paying $24/month.
In the current 1st world peasants were once landless and miserable, anything else (colonial settling, filthy mines/industries, resource grabbing etc...) was an improvement for them.
Thank you so much for this🤝🏾
Nigeria Is POOR????
Is the richest country in Africa!!!!!!!!!
Only because it’s a giant in terms of population. Per capita, Nigeria is very poor.
@@sans_hw187
What???
NO....Who told you that???
Their GDP has surpassed South Africa. Infact....they have the highest GDP in Africa right now. More then 400 billions, if I remember right.
I'm Italian, but I grew up there, so I know what i'm talking about....They don't live in the jungle. Yes, Is not Milan, London or Paris, but they are developed. They even have a space program.
Plus, they even have the strongest ground army in all of Africa....only Egypt surpass them, because of their aviation.
@@sans_hw187 Per capita is not a reflection of how rich a country his but the GDP. GDP per capita is just dividing the GPD by the population. So it is not reflecting whether the people are really getting that money or the politicians are stealing it. So GDP is what proves that a country is rich not per capita.
A country with a high GDP can purchase what the one with high per capita can't. For example, if a luxury car for $11 in needed by two countries. One has a GDP of $15 with a population of 15 people with a per capita of $1 and the other has $10 with a population of 5 people with a per capita of $2. The former as a country will be able to purchase the luxury car and still left with $4 for the poor population but the latter can't but would have to borrow to buy it despite the population is rich. So GDP really matters to the wealth of a nation economy than per capita.
@@youme1414 right, so you’re telling me that India is richer than Switzerland? Let’s ask anyone if he would rather be a Swiss or an Indian citizen, and we’ll see if the total GDP is what matters.
@@sans_hw187 Yes, India economy is larger than that of Switzerland meaning it is richer. You mean it is more comfortable to live in Switzerland than India. Yes of course due to good infrastructure and policies.
India can afford space exploration without feeling the pinch when compared with Switzerland. Even the wealth of Switzerland is based on a pyramid scheme like the banking system, etc. heavily relying on the the other developed nations.
PEOPLE PLEASE FIGHT THAT GOVERNMENT/POLITICIANS THEY WANTS U TO KEEP POOR PEOPLE DOWN FOREVER IN AFRICA. LET'S WORK TOGETHER POOR PEOPLE AND BE WISE.