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It is important to keep in mind that a ten-fold increase in population can produce a ten-fold increase in the continent’s problems!

Remember that it is not only the population that is growing – there is an equal increase in the demand for food, educational opportunities, housing, energy and job opportunities. Many social, political, economic and ecological problems grow at the same rate.

Let us take as an example a country where the population grows faster than its capacity to produce food for its inhabitants. If the country has a strong economy and there is money to buy food, everything is fine, but what happens if this is not so?

Help must come from somewhere to buy food. For many years, help came from the “wealthy countries to the North”. But now we have to consider whether the “rich” countries will always come to the help of the “poor” countries?

In the USA, Canada and Europe, farmers produce more food than can be consumed by the inhabitants of those countries. The surplus food can be purchased and distributed in countries with chronic shortages or where natural disasters occur and cause great pain and suffering. Unfortunately, production costs are increasing to such an extent that it is becoming increasingly expensive to buy and distribute wheat, corn and rice to areas of need.

B. The Result:

. . . THE “RICH” NORTH AND THE “POOR” SOUTH

The “rich North”Developed countriesControlled population growthHigh standard of living The “poor South”Developing countriesHigh population growthLow standards of living

Activity 3:

To identify the reasons ffor the phenomenon of rich and poor

[lo 1.2]

  • The following report appeared in Die Burger . Read it carefully and identify one of the reasons why many African countries were unable to rid themselves of backlogs after independence. Write your findings in the space provided below the report.

Leaders Steal Billions From African Countries, Says Obasanjo

LAGOS – According to president Olusegun Obasanjo of Nigeria, African leaders have stolen almost $140 billion (about R1 400 billion) from the continent in the past three or four decades.

On Thursday, in Addis Abeba, the capital city of Ethiopia, Obasanjo said that theft was the main cause of poverty in Africa.

He was addressing delegates from African communities at a conference of the Organisation of African Unity.

Obasanjo also called on world leaders to support Africa in its attempts to recover a part of this stolen money that is hoarded in bank accounts in foreign countries.

He said that African leaders were the main culprits but Western countries that held this stolen money, must also accept part of the responsibility.

He said, “We are attempting to organise an international convention, by which we will be able to recover the moneys stolen by corrupt African leaders and invested in foreign countries.”

“It is not enough to merely blame the developing countries,” Obasanjo said.

“Western countries must support the attempts made to recover the money stolen from our treasuries in practice,” he added.

Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
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Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
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Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:  OpenStax, Geography grade 6. OpenStax CNX. Sep 07, 2009 Download for free at http://cnx.org/content/col11000/1.1
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