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Author: WandererEconomic History
African economies is trade in Africa, consisting of industrial and human resources. Africa’s population of about one billion, accounting for about 15% of the total population (2009 data). Africa is the world’s poorest continent, all of Africa’s total trade volume accounts for only one year one percent of the world. Published in 2009 by the United Nations Human Development Report, the lowest human development index ranks 24 countries, of which 22 are African countries (the first 159 to 182). Some of the causes of poverty in Africa because of its turbulent history related. African non-colonization of the Cold War exacerbated the instability of the conflict. Since the mid-20th century, the Cold War, corruption and authoritarian rule have made Africa’s economy more sluggish.

Special reference to the African Economic Outlook: Since 2001, Africa’s trade with China increased by 10 times more in 2008 reached 100 billion U.S. dollars. China and India’s rapid economic growth, while Latin America has experienced moderate growth, so that millions of people to poverty. In contrast, many parts of Africa in trade, investment, per capita income and other economic growth has stalled or even regressed. Poverty has a great influence in Africa, including a lower life expectancy, violence and instability, in turn, these problems continued to affect the development of the African continent. However, recent data show that part of the African continent is experiencing rapid growth. World Bank report pointed out that sub-Saharan Africa’s economic growth rate has been catch up with the rate of global economic growth. The fastest economic growth in African countries, there was even much higher than the global average of the situation. In 2007, the highest growth rate of 19.8% of countries, including Mauritania, Angola 17.6%, Sudan 9.6%, Mozambique 7.9% and 7.8% in Malawi.

Many international agencies in emerging African countries are increasingly interested in economic modernization, especially in the global economic recession, Africa has continued to maintain rapid economic growth.

Regional differences
Although the Organization for Economic Cooperation and Development (OECD) there are no African countries have joined the list of developed countries, but poverty in Africa as a whole is not totally unbearable, but also has a great wealth of variables. North of the Arabian countries in Africa and Europe and the Middle East has long been so closely linked to developed economies, while South Africa is the richest country in Africa, both in the gross domestic product, or GDP per capita is also the highest in Africa. In its neighboring countries to share from the wealth of South Africa. Some small but oil-rich countries such as Gabon and Equatorial Guinea, also joined in the 10 richest African nations.

North and south ends of the mainland economy is higher than the sub-Saharan Africa in tropical East Africa, its colonial history before Zhang Qi, the development of their trade and faster than other places, so wealthy and stable than other places. Some islands such as Seychelles, Reunion, Mauritius and Cape Verde, landlocked countries are more prosperous, but the economy is more unstable Comoros remain poor.

The poorest countries are those that are at war or emerging from civil war countries. Including the Democratic Republic of Congo, Sierra Leone and Burundi. Recently, the poorest regions of the Horn of Africa has always been, although, historically, the region is sub-Saharan Africa has the richest places. Particularly in Ethiopia, it had a long period of economic success. Current poverty, famine and war, has been plagued these areas for decades. Within these countries is full of a considerable number of variables, urban areas, especially the capitalist city, generally in rural areas than the rich. Social inequality is obvious, as in African countries, income is much higher than the upper class society, the majority of the population.