Post
Topic
Board Economics
Re: Why developing countries should add value to what they produce.
by
Stepstowealth
on 14/08/2025, 22:39:51 UTC
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.
It is corruption that is making African countries still depend heavily on importation of finished produce that they can even produce locally and then exportation of their raw materials to other countries. One major reason for this is because the people in charge which I mean the leaders have huge businesses built around these imported products so in order to keep it steady they need to ensure that the industries in their countries never work. It is an intentional act sabotaging the economy of their own country. There will come a time though where things will change in the continent.