Handbook of International Development and Education
Show Less

Handbook of International Development and Education

Edited by Pauline Dixon, Steve Humble and Chris Counihan

This Handbook considers the myths and untruths that currently exist in international development and education. Using historic and contemporary evidence, this compendium redefines the international development narrative through a new understanding of 'what works', drawn from pragmatic ideas and approaches.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 22: Why Africa remains poor

George Ayittey


Africa’s untapped mineral wealth is immense. It has 40 percent of the world’s potential hydroelectric power supply; the bulk of the world’s diamonds and chromium; 30 percent of the uranium in the non-communist world; 50 percent of the world’s gold; 90 percent of its cobalt; 50 percent of its phosphates; 40 percent of its platinum; 7.5 percent of its coal; 8 percent of its known petroleum reserves; 12 percent of its natural gas; 3 per cent of its iron ore; and millions upon millions of acres of untilled farmland. There is not another continent blessed with such abundance and diversity. (Lamb, 1983; p. 20) Angola, for example, “contains an estimated 11 percent of the world’s known reserves of diamonds. Its diamonds are stunning: at an average price of about $140 a carat, with some reaching $350, they are second in quality only to Namibia’s, and more than 12 times more valuable than Australia’s” (The Economist, September 14, 1996; p. 68). In addition, Africa has 64 percent of the world’s manganese, 13 percent of its copper, and vast bauxite, nickel, and lead resources. It also accounts for 70 percent of cocoa, 60 percent of coffee, 50 percent of palm oil, and 20 percent of the total petroleum traded in the world market, excluding the United States and Russia.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.