- Sep 8, 2005
If economic growth is not greater than the population growth then the populace will not notice any significant increase in their living standards. Economic growth is not separate from population growth but neither are they directly related.Economic growth is not separate from population growth. The extra people seem to be able to feed themselves.
A person being able to feed themselves is not enough to bring about progress and development. Extra resources are required to train the skills necessary for a person to advance up the socio-economic ladder. Without this Africa will not develop any industry.
Much of Africa's current current economic growth is due to resource extraction. Foreigners coming in setting up equipment and mining and sending those resources back to their home countries and paying off corrupt local officials to look the other way. Few of those resources make their way to African industry.