Human factor decay and underdevelopment in Africa

Abstract

Underdevelopment in most countries of Africa is strongly supported by empirical evidence. Industrial production in Africa for instance, fails to operate at maximum capacity. Agriculture, the economic mainstay of most African countries, is gradually declining from its centre stage. Food is in short supply and is now imported by many African countries to feed their people. Food debts in Africa now constitute a significant proportion of the already huge national debts to foreign creditors. Still, the combined volume of both imported and local food does not seem to be enough to sustain the increasing population of the African continent. Cases of malnutrition are severe. Life expectancy is low. Rates of unemployment are high. Inflationary trends are in excess. Investment rates are down and economies across Africa are under severe stress.