Economy & Environment In The Third World: An Essay Sample

Economic Activity And Environmental Impact In Africa And Latin America

Sub-Saharan Africa includes the entire region south of the Sahara Desert, and so comprises an enormous portion of the continent. Countries in the region include Kenya, Botswana, Chad, Rwanda, South Africa and many more. In order to critique the successes and failures of new nations in Sub-Saharan Africa you must ask yourself: Where is Sub-Saharan Africa? What is the general history of this region in the past century? How have nationalism and imperialism influenced the various countries? Which nation can serve as an example of success? Which as an example of failure? Once you have the last two answers, you will be able to direct your research in a very targeted manner. This is going to allow you to scout out primary resources, which might include everything from news stories of events as they were happening to some secondary sources such as magazine articles commenting on the events at a later date. These will provide the type of credible research you will need to make your point.

It is important to analyze how costs and benefits of economic choices have shaped events in the world in both the past as well as the present. History contains all kinds of information about economic decisions and their impact on different groups, events, and nations. Consider how often a student of history hears about capitalism, free trade, mercantilism, and markets. Clearly, they read about these issues because they have such a profound effect on the world. Only by taking a closer look at the overall benefits or costs of the specific economic choices made throughout history, however, can the student understand exactly how each one has shaped world events.

“Export-led growth” describes an economic strategy that identifies a niche in the world economy for a specific type of export. The manufacturers then seek better access to the local markets requiring such goods. “Import-led growth” is based on the development of local production of products rather than a reliance on any sort of imports.

“Infant” economies have used two different approaches to growth, and these are “import-led” and “export-led”. They are most readily found in Southeast Asia and Latin America where industrialization is still growing and where market access is only now beginning to occur.

When examining the economic development of many countries in these regions, it would be easy to see which are using the export-led systems because they will tend to have few industrial complexes creating necessary supplies for use within their borders. Instead, these economies will be based on manufactured goods and raw materials leaving the country in order to create more capital.

Generally, the import-led nations will have stronger infrastructures, but may be unable to establish themselves in the global markets. The export-led countries are focusing entirely on the development of a competitive edge in the global market and will tend to dominate their identified “niche” markets.