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Present
paradoxes about African's poverty have seemingly
attracted a multiplicity of varied theory and
political hypocrisy especially from the west.
The cornerstones of these misconception lies
with the impressions propagated by some leaders
and western media that AFRICA is plaque with
conflicts, disease, corruption and misery and
only needs aid to survive, without which there
will be a catastrophe. At the heart of this
discomfort felt by many African professionals is
the belief that the language used by some
European leaders reinforces the stereotypes that
Africans are helpless and can be rescued only by
giving more money to their governments. This
is absolutely wrong and misguided. What many
African wants is not aid but the opportunity to
invest and trade under fairer international
rules of commerce with cleaner and accountable
African governments.
For
instance protective trade policies practiced by
developed countries, subsidies and high tax
charges for Africa products in the world market
render them less competitive and the continent
lose billions of pounds a year from this. The G8
well understand this dilemma. The proportion of
this lost is more than what most Less Develop
Countries spend each year in debts servicing.
Zambia for instance spend a significant amount
of its GDP in foreign debt payment, far less
than what the government invest in providing
vital services to its people. Cameroon, which is
the largest producer of banana in Africa, cannot
have access to world market due to unfair trade
policies. And Cocoa farmers in Ghana and Ivory
Coast, reckoned to be one of the largest in the
world will ever remain poor as long as these
commodities continue to face restrictions into
the world market.
International
trade restrictions have inflicted serious blow
to African economies and greatly hinder their
ability to develop. African economist have so
far calculated that trade barriers is the most
damaging policy that has continue to ravage
African economies 70-80% of which rely on
agricultural exports as a major source of
foreign earnings.
Unfortunately
Attempts by The world trade organisation to
harmonised trade operations in Cancun have been
halted leaving African delegates helpless
especially when they discovered that such
collapses meant so much financial turmoil to the
African economies. According to a British expert
sir Rigby Jones the bulwark of this hypocrisy is
the present row over "subsidies" and
"CAP" between U.S.A. and E.U
A
lot of AFRICANS have told Blair we don't want to
be "saved" but we want
"trade", a senior African diplomat in
London said. Many African now ask why British
plan is not aimed primary at encouraging local
investment and discouraging capital flights
rather than focusing on aid. This is because
unless a firm and accountable system of
financial management is put in place any
financial aid may be misprioritised or merely
given to enrich some personalities in African
governments.
International
economist and diplomats have often argue that
debts relief would not have been necessary if
there were fair terms of trade with African
states.
This
is to say how many times will industrialised
nations keep offering debts relief to African
states at the same time depriving them of every
chance to boost their own economy and be self
dependent. For instance Africa share of world
trade felt from 6% in the 80s to 2% in 2002.A
continent of about 800 million people(12% of the
world population) holding just 2% of trade. It
has been estimated that if African share of
global trade in increased just by 3%, they will
benefit about 150 billion annually which is 4
times what THE G8 is offering as debt relief.
Conversely much
economic benefit can be enhanced if African
exporters are allowed to take advantage of the
European markets. According economic experts a
sharp increase in aid could even hurt the
ability of African to attract the investment
needed to boost economic growth.
For
instance the currencies of Tanzania, Mozambique
and Ghana have strengthened a lot due to the
large amount of aid they have received. "It
makes their economies less effective and
appealing for foreign investors" said a
Standard Bank expert Robert Bunyi .Most
African experts have also pointed out that
Africa does not lack wealth but that leaders
long coddled by the west have siphoned off, much
of it. The same may hold true if aid is sent
without adequate check. A study by the economist
estimates that 187 billion left Africa between
1970 and 1996.The Nigeria concord newspaper
estimated that Nigerians held about $32 billion
in foreign bank accounts, a figure then
equivalent to the country's foreign debt.
Some
find Blair's push however well intentioned,
comfortably reminiscent of utterances about the
alleged backwardness of Africa by European
missionaries and explorers of about 160 years
ago, reflecting deep wells of
"prejudice".
According
to president Obassanjo of Nigeria, for
Africa" to fight poverty, it will require
not only the debt forgiveness for which we have
been vigorously campaigning, but also a massive
inflow of finance through repatriation of
corruption -tainted funds in foreign banks, the
fulfilment of commitments made by our
development partners, and our own political will
to undertake our own part for our upliftment".
Begging will not make poverty history in Africa.
Instead it creates a greater gap between great
ones and small ones.
In
essence poverty in African cannot be eradicated
by organising several life8 concerts and raising
awareness about misery in Africa. Concrete
action and remedies have to go beyond canvassing
aid, but removing barriers especially economic
setbacks that continue to erodes the economy of
most African states since independence.
These
new ideological thinking as expressed by African
leaders and educated Elites, have to be backed
by action if the G8 is committed in addressing
the plights of Africa and make poverty history.
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