Economic Development in Africa: A Critical Analysis of Challenges and Opportunities
DOI:
https://doi.org/10.1229/tecempresarialjournal.v18i1.153Keywords:
Africa, economy, development, growth, investment, trade, resources, poverty, inequality.Abstract
This study examines the current state of the economy in Africa and analyzes the factors that contribute to its growth and development. The study utilizes a mixed-methods approach that includes both qualitative and quantitative data. Qualitative data will be collected through interviews with experts and stakeholders in the African economy, while quantitative data will be gathered through statistical analysis of economic indicators. The study finds that despite significant challenges, such as political instability, lack of infrastructure, and limited access to capital, Africa's economy has shown remarkable resilience and growth in recent years. The study identifies key drivers of economic growth in Africa, including improvements in governance, increased investment in infrastructure, and growing regional economic integration. The study concludes with recommendations for policymakers and business leaders on strategies to promote continued economic growth and development in Africa.
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