Overview
Explain the meaning of underdevelopment; Examine the effects of underdevelopment on African economy; Discuss how underdevelopment has made African economies mere appendages of capitalist economy; Describe how this system had led to increased foreign debts on the part of African states Discus the problems of drought and famine in Africa.
What you'll learn
- The meaning of underdevelopment e.g. Extent of foreign investment, trade imbalance.
- The nature of underdevelopment;
- The effects of underdevelopment of African economy
- The effects of single crop economy on states where it exists.
- The effects of foreign debts on African economy.
- The effect of drought and famine in Africa.