Hello all
Today I want to share with you about Why do most sub-saharan African’s(SSA) fail to qualify as emerging markets economies?
Sub-saharan african’s;is the area and regions of the continent of the Africa that lie south of sahara.these include the coutry like Tanzania,Uganda,Kenya,DRC,Somalia,Nigeria,south Africa,Zambia ,Sudan and Malawi this are some of the country in sub-saharan .An emerging market economy is the economy of the developing nation that is becoming more engaged with global market as it grows.
Most of sub-saharan african’s coutries are fail to qualify as emerging market for economies due to the following factor.
Political instability;it can create uncertainty and make it difficult for business to operate and for economies to thive.stable political system and peaceful transition of power are crucial for attracting investiments and fostering economic growth.Look in the coutries like south sudan,Somalia with political instabilities their economies had threated this make difficult for sub-saharan African to qualify an emerging market economies.
High level of public debt;high level of public debt can definetly pose challenges for economies including sub-saharan Africa when countries have high debt burden,it can limit it’s ability to invest in the important sector like infrastructure,education and health care.this can hinder economic growth and development in sub-saharan Africa.
Exachange rate; this play great role in international trade and can have significantimpact on economies in sub-saharan Africa ,exchange rate can fluctuate due to vanes factors such as trade imbalance coutries exchange rate determine the value of it’s currencies relative to another which can affect both imports and exports and foney investiments so when there is no good exchange rate sub-saharan Africans cannot qualify as emerging market for economies.
Slow recovery from pandemic diseases;this case challenging process for any region.the COVID-19 pandemic has hd significant impact on economies worldwide,and sub-saharan Africa is no exception.the region has faced various challenges such as disruption in supply chains,reduse tourism and decrease foreign direct investiment
High level of poverty;it’s complex issue with multiple factors contributing to it’s persistence,such aslimited acces to education ,health care and economic opportunities.poverty can have far reaching effects on individuals and communities ,impacting their quality of life and hindering overall development.
Poor governance;this can hinder development and contribute to various challengies in sub-saharan Africa when governance is weak, it can lead to corruption mis management of resources,lack of accountability, and limited provision of public services.
Generally;through international collaboration,government reforms and various initiatives,progress is being made to improve economic stability,reduce poverty and enhance governance.
Today I want to share with you about Why do most sub-saharan African’s(SSA) fail to qualify as emerging markets economies?
Sub-saharan african’s;is the area and regions of the continent of the Africa that lie south of sahara.these include the coutry like Tanzania,Uganda,Kenya,DRC,Somalia,Nigeria,south Africa,Zambia ,Sudan and Malawi this are some of the country in sub-saharan .An emerging market economy is the economy of the developing nation that is becoming more engaged with global market as it grows.
Most of sub-saharan african’s coutries are fail to qualify as emerging market for economies due to the following factor.
Political instability;it can create uncertainty and make it difficult for business to operate and for economies to thive.stable political system and peaceful transition of power are crucial for attracting investiments and fostering economic growth.Look in the coutries like south sudan,Somalia with political instabilities their economies had threated this make difficult for sub-saharan African to qualify an emerging market economies.
High level of public debt;high level of public debt can definetly pose challenges for economies including sub-saharan Africa when countries have high debt burden,it can limit it’s ability to invest in the important sector like infrastructure,education and health care.this can hinder economic growth and development in sub-saharan Africa.
Exachange rate; this play great role in international trade and can have significantimpact on economies in sub-saharan Africa ,exchange rate can fluctuate due to vanes factors such as trade imbalance coutries exchange rate determine the value of it’s currencies relative to another which can affect both imports and exports and foney investiments so when there is no good exchange rate sub-saharan Africans cannot qualify as emerging market for economies.
Slow recovery from pandemic diseases;this case challenging process for any region.the COVID-19 pandemic has hd significant impact on economies worldwide,and sub-saharan Africa is no exception.the region has faced various challenges such as disruption in supply chains,reduse tourism and decrease foreign direct investiment
High level of poverty;it’s complex issue with multiple factors contributing to it’s persistence,such aslimited acces to education ,health care and economic opportunities.poverty can have far reaching effects on individuals and communities ,impacting their quality of life and hindering overall development.
Poor governance;this can hinder development and contribute to various challengies in sub-saharan Africa when governance is weak, it can lead to corruption mis management of resources,lack of accountability, and limited provision of public services.
Generally;through international collaboration,government reforms and various initiatives,progress is being made to improve economic stability,reduce poverty and enhance governance.
