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In contrast to the rapid growth in South America, which has lifted millions beyond subsistence living, Africa has stagnated. It has even gone the wrong way in terms of foreign trade, investment, and per capita income. This poverty has widespread effects, including low life expectancy, violence, and instability in this continent. Over the decade there have been many attempts to improve the economy of Africa with very little success.
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1. COMMERCE OF NATURAL RESOURCES IN AFRICA
1.1. History
The African history is composed in 3 parts:
Beginning
In the 15th century, Portuguese traders circumvented the Saharan trade route and began to trade directly with Guinea...
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