Problems of Africa’s Development

African development should be taken as significantly as it must for any developing economy. African region should invest more in education and healthcare facilities. An educated populace is one of the primary aims of economic development. Most economies work well if the work-force is educated. Higher investment in Africa would pave way for economic development and give its citizens the rights that they deserve. Investments in primary, secondary and higher education should be considered a priori for nations in Africa.

Economies that are labelled as lest developed must focus on development goals and expend their tight budget on pursuing the much-required development agenda. Healthcare facilities are another important factor that would contribute towards economic development of African nations. All economies work in tandem with the education of its work-force. High-growth economies have a highly educated workforce which gives them a competitive edge over economies with populace with lower education. There’s direct relationship between education of a sizable population and the productivity that they can harness and hence higher economic development.

The developing economies in Africa must invest more on primary education. Primary education would give its citizenry basic literacy skills that they need to perform in the economy and understand the institution of rights that their nation might have. Most nations have strictures of rights; they give ample opportunities to their citizens to work for their individual development either through wealth-creation or through participating in private property regime. Private property regime gives them sufficient strength to muster the courage that they need in order to perform in market economy and augment their economic interests.

Most citizens, when they participate in economy, consider their inclinations and talents to be of utmost importance, and choose their vocation accordingly. It gives them the cutting advantage that they need in order to work well, and bring their interest to forefront of the work that they do. It may be in agriculture, or service sector. Most developing economies with a market bent of institutions works in favour of citizens, provided they have the needed education and healthcare facilities. Most nations, if they wish to increase their chances of development should invest highly on education. Education would give them the foundation on which they can build future institutions that are required for efficient running of a nation. Most nations with development aims must invest more on education and bring about a change in their development status. They must invest in primary, secondary and higher levels of education.

Weak governance must be considered a major problem in African nations. Governance must be emphasized and more resources must be expended on building a nation with a good government. Weak governance must be eradicated over a period of time, and most nations must acknowledge the salient aspects of economic development, as investment in education and healthcare facilities. Higher investments in primary, secondary and higher education will give Africa nations the skills and training that a work-force needs in order to contribute towards development of an economy. Most economies work with the strength of education, Africa must recognize the same motives of development. Weak governance must be substituted by strong governance.

Yuvraj Saharan

Capital Report