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Africa in the Global World. Natural Resources. Africa rich in natural resources Oil, natural gas, gold, diamonds, platinum, chromium, timber Industries employ roughly 2 million people (total population: 922 million). Oil. Oil may be key to Africa’s economic future Top Producing Countries:

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natural resources
Natural Resources
  • Africa rich in natural resources
    • Oil, natural gas, gold, diamonds, platinum, chromium, timber
  • Industries employ roughly 2 million people (total population: 922 million)
slide3
Oil
  • Oil may be key to Africa’s economic future
  • Top Producing Countries:
    • Nigeria
    • Algeria
    • Angola
    • Libya
    • Sudan
diamonds gold other minerals
Diamonds, Gold, & Other Minerals
  • 50% of world’s diamonds come from Africa
  • 50% of world’s gold mined in South Africa
  • Major source of wealth
problems
Problems
  • Little money reaches average citizen
  • Government or few individuals gain wealth
  • Has led to countless wars/conflicts
  • Very little industry on continent, resources shipped to other areas
cash crops
Cash Crops
  • 60% of people in Africa are farmers
  • Most are subsistence farmers
  • Cash crops are focused on
  • Coffee, cocoa, rubber, cotton
nonexistent industry
Nonexistent Industry
  • Least industrialized continent
  • When building factories, most international companies look for:
    • Political stability
    • Well educated population
    • Good Infrastructure
    • Stable source of electricity
  • These factors are extremely rare in African countries
  • Massive potential workforce
health problems in africa
Health Problems in Africa
  • Disease is major hindrance to economic development
  • Medication prices add burden to already poor areas
  • HIV/AIDS
    • 22.9 million people living with HIV/AIDS (2/3 of world total)
  • Tuberculosis, Malaria
other problems in africa
Other Problems in Africa
  • Famine
  • Desertification
  • Corrupt governments
  • Constant conflict/war
african union au
African Union (AU)
  • Established in 2002
    • 54 members, work to improve political, economic conditions
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