African History 7.1 Introduction
And now for everyone’s favorite subject: economics. Don’t get too excited. Seriously, though, there’s some pretty interesting stuff in here.
|World History||African History|
Most people don’t think it’s possible to go sip a piña colada on an African beach, [Woman in beach chair drinking a cocktail]
but it totally is.
In the last fifty years, there’s been rapid development across Africa that has made the
lives of hundreds of millions of people better.
And now for the question everyone’s dying to ask…
How many licks does it take to get to the center of a Tootsie Pop? [Owl with mortar hat licking Tootsie Pop]
Oh wait …No, hang on.
That's not it…
Here we go: which economic model has worked the best in Africa?
Well, in Africa it’s a…different strokes for different folks…type situation.
For example, Nkrumah’s extreme socialist reforms in Ghana actually worked
out pretty well in the long run.
How about that?
High education rates and good social services helped to launch a strong manufacturing industry. [Graph shows increasing rate of education]
Some other socialist states, especially Angola and Namibia, have also developed strong state-led
With the rise of DJs in these areas, they’ll soon have remixed economies… [African DJ performing on stage]
Capitalist countries have many success stories too.
Oil-rich countries, in particular, have done well. Obviously..
South Africa and Gabon told the capitalist world…
Drill, baby, drill…and they raked in the cash.
Big companies, especially Shell, have set up so many oilfields in capitalist African
countries that Africa, not the Middle East, is currently America's No. 1 foreign supplier [Pictures of oil equipment all with Shell signs]
of bubblin’ crude.
Of course, these oilfields also kick people off their land, cause pollution, and contribute
greatly to global warming.
But there’s no arguing that the cash the oil industry creates has helped some African
countries stand up on their own two feet.
Nigeria has Africa's largest population but still provides many social services, paid
for mostly with oil money. [Man tries to pay at a market stall with a barrel of oil]
Oil-rich countries with less people to worry about do even better.
For example, Equatorial Guinea has more wealth per person than the EU.
How bout them apples, European Union?
Kenya, on the other hand, doesn’t have any oil.
But um well…hakuna matata baby.
Kenya’s path to development has been to create a hands-off government with strong property [Government building with arms lifting weights with property rights on them]
This has made it a banking hub and corporate headquarters for much of East Africa.
Tourism has also become a big thing in Kenya.
It’s developed a lot of tourist attractions.
Want an awesome safari?
Try Kenya or Tanzania, Kenya’s neighbor to the south.
Tourism as a development strategy has also picked up in North Africa, especially in Morocco,
where even the camels are capitalists. [Camel with lots of cash]
Socialist and capitalist, resource-poor and resource-rich, free and unfree, Christian,
Muslim, traditional, whatever…every country has its own paths to development.
And the economies of African states are catching up in the race.
Maybe they took some lessons from those Kenyan Olympic runners. [Kenyan runner leads a race]