Post
Topic
Board Economics
Topic OP
Why developing countries should add value to what they produce.
by
TEBTC
on 08/08/2025, 23:50:25 UTC
Africa a continent full of natural and mineral resources has been known only to be exporting raw minerals resources into the rest of the world without adding value to what they produce and so they buy what they give out cheap to the rest of the world in a costly price because when it gets back to Africa what they give out unrefined without thinking about adding value to what they produce becomes ten times the amount of what they sold it


Talk of oils and gas that is abundant in West and Southern Africa which includes counties like Nigeria, chad etc which has no refineries and still depends on processed import of petroleum products like PMS, cooking gas  and with rear earth minerals like lithium cobalt,  copper, diamond, gold, graphite, ilmenite, iron ore, kaolin, kyanite, lignite, limestone, manganese, monazite, quartz, rutile, salt, tin, and uranium in countries like Angola, Burundi, Chad, Equatorial Guinea, Gabon, Cameroon, the Central African Republic, the Democratic Republic of Congo, the Republic of Congo, Rwanda and Sao Tomé and Principe. at much more higher price than the once that they sold it out it's a sign that developing countries needs to add value to what they produce because adding value is the Gulf that exists between developing and the developed world

Until developing countries stops exporting raw minerals and import processed products at a more costly rate which is the order of the day that most of
African countries do they can't be talking about competing with the rest of the world because the world is a competitive place and until a country starts adding value to what they have such country will still be consuming and remains dependent on the rest of the world adding value in terms of production and processing of the natural and mineral resources through building of factories and industrialization which will lead to mass production and such countries becomes self sufficient developing countries will always depends on the rest of the world to survive.