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    Commerce with AFRICA. INTRODUCTION Africa ... success. Rejouter partie sur dette
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Commerce With Africa

Submitted by slimbrother on December 3, 2006

Category: History Other
Words: 3043 | Pages: 13
Views: 173
Popularity Rank: 60,055
Average Member Grade: N/A (Add a Comment / Grade this Paper)

INTRODUCTION

Africa in july 2005 is composed approximately by 887 millions people living in 54 different states.
Africa is the world’s poorest inhabited continent, and it is, poorer than it was 25 ears ago.
It has (and in some ways is still having) an uncertain transition from colonialism. The cold war has increased the corruption in Africa; it is moreover the major factors to its poor economic situation. 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. Other European traders followed, rapidly boosting prosperity in Western Africa. States flourished, including the Kingdom of Benin, Dahomey, and the Ashanti Confederacy. Loose federations of city states such as those of the Yoruba and Hausa were common. However, this wealth was principally based on the slave trade, which collapsed following the abolition of slavery and later European colonization.
Although Europeans were ostensibly committed to developing their colonies, colonial rulers employed a laissez-faire...

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