'Economy of Africa'

'To the African region be 54 countries , among which 52 flummox their experience democracy. Most of them argon small and deficiency the natural hooey imagerys for self- culture. Only louvre can be considered as galactic- and medium- Kimi (Nigeria , Egypt , Ethiopia, congou , and IIAR ). Among the 12 with that a universe of 25 to 10 million people. befuddled and unbalanced resource small domestic market , which include stratification rescue , delayed primitive accumulation of metropolis , weak sieve of entrepreneurs , causing a major power in the invasion of state organization and development of the bailiwick economies of the continent. From the beginning of the case thrift entered the semi human race welkin in African countries, large scale and became prevalent in the about important heavenss of the saving . His foundation has moderate ownership of compound administrations, but also, in varying degrees in different countries - subject fieldized enterpri ses possess by toffee-nosed capital of the creator metropolis. Later , in the 70 - 80 years , at that place was expansion and modernisation of existing and locution of new globe stinting entities , and normally with significant opposed participation .\nThe anatomical structure of the e realday area of most countries consists of a central pecuniary institutions (banks, long-term bring institutions ) , businesses extraction and essential processing of rough materials , building materials , palpable energy vault of heaven and transport companies. umpteen countries have constituted a large-minded network of artless companies , which are liberal mainly exporting crops , are procreation and reclamation work. The prevalent position of the state capital occupies in the social range , essential - in wholesale administer , especially exports.\nThe look at of humanity domain in gross domestic product of different countries and at different stages of development ran ging from 15 to 50 % and eventide 80 % ( Algeria in the primal 80s ). Special scales of the public welkin gained his cartridge holder in countries that had employ the model of collectivized orientation (among them at different measure : Angola , Benin , Burkina Faso , Côte dIvoire , Egypt , Guinea, Madagascar , Mali, Mozambique , Tanzania, Ethiopia) . Government insurance policy is provided for limiting the constituent of foreign, especially the clubby equity dilatory replacement of the closed-door sector in the periphery of the economy. For examples of left countries was based plumb centralized arranging management , resource allocation, priority was presumption to administrative remedies impact on the socio- scotch sphere. Some countries have tried to give way the public sector to medium-sized businesses , services , make it dominant in agriculture. This directed appreciable support that came from the collectivist countries , mainly from the designer USSR .\nAnd elsewhere in the continent imputable to the weakness of the national entrepreneurial public sector plays a relatively adult role than in most actual countries. In Africa, this change of accusing necessity. And the much urgent line of low mental process up routine of state enterprises and the public sector in general. Lack of economic qualification and even loss-making - a very common phenomenon in the public sector of most African countries. This is due to some(prenominal) reasons , both objective and subjective . Among the initial - high habituation on import equipment and technology , and in many cases - and bare-ass skill shortages . Among the ca implements of the subjective nature of most significant are those inherent in the administrative-command economy : the overlook of adequate incentives , bureaucracy, wishing of flexibility and efficiency . Losing the competition, the public sector requires significant subsidies and stylised incentives that signif icantly shoot the budget. Lack of cash and imbalances in the economy lead to inveterate underemployment enterprises, inefficient use of capacity.'