The main culprit of poverty in Africa (and other countries) is the widespread corruption. It's the destroyer of all entrepreneurial and business activity in those countries. Any business is continuously being robbed, ransomed and conned into paying "protection" money by gangs and law enforcement alike. In addition the civil servants demand payment for the most trivial licenses you need to operate your business. These all add up and make any business unprofitable because you cannot pass on those costs to customers.
To combat corruption these countries need to educate their population of its effects plus hefty penalties, including capital punishment, to get it under control. The higher up the tree the more severe the punishment should be. Politicians and senior civil servants should always be put to death since their corruption has the greatest impact.
I read that theory multiple times, and on the surface it makes sense, e. g. corrupt oligarchs siphoning away money. But there are countries in Africa not governed by a dictatorship; I think a small country in west/middle Africa led by a woman some years ago. And they still found it close to impossible to break out of the poverty circle. You also can not easily compete with richer countries - they pump more money into their production while also swarming the local market with somewhat semi-affordable stuff that gets subvention from home. You need to re-think the local economy first and foremost and fix that. Granted, that's harder when dictators seize power, getting their weapons from outside factors, but I think it is possible to solve that problem too.
OP is talking about corruption which is orthogonal to being a dictatorship. In fact the least corrupt subsaharan country is (by far) Rwanda, which is a de facto dictatorship.
And the impacts of corruption/cronyism/clientelism are not just money being siphoned at the top. It completely breaks any fair competition wether it's in economic markets or for jobs. Businesses don't succeed based on how competitive or innovative they are, simply based on who their founder knows and how much they're willing to pay in bribes, so your economic development stragnates. Important and influential positions are awarded not to the most competent but to the richest.
Opening a small business requires you to bribe dozens of people, and good luck if you need to import or export goods.
More competitive companies can afford higher bribes (consider Samsung), so corruption doesn't necessarily kill competition. Most African countries manage decent GDP per capita growth rates and ironically Ethiopia is tied with Rwanda for fastest growth at 7%. <a href="https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=ZG&most_recent_value_desc=true" rel="nofollow">https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locat... Certainly it could be faster with less corruption, but at least poor African countries are getting less poor. Maybe it'll also help them get less corrupt over time.
hn_submit · · focus · HN ↗
To combat corruption these countries need to educate their population of its effects plus hefty penalties, including capital punishment, to get it under control. The higher up the tree the more severe the punishment should be. Politicians and senior civil servants should always be put to death since their corruption has the greatest impact.
shevy-java · · focus · HN ↗
forgotTheLast · · focus · HN ↗
And the impacts of corruption/cronyism/clientelism are not just money being siphoned at the top. It completely breaks any fair competition wether it's in economic markets or for jobs. Businesses don't succeed based on how competitive or innovative they are, simply based on who their founder knows and how much they're willing to pay in bribes, so your economic development stragnates. Important and influential positions are awarded not to the most competent but to the richest. Opening a small business requires you to bribe dozens of people, and good luck if you need to import or export goods.
yorwba · · focus · HN ↗