Question

Some economists think the best way to help African countries is for wealthier countries to provide more funds for basic infrastructure. Others think this policy will have no long-run effect unless African countries have the financial and political means to maintain this infrastructure. What policies would you suggest?

Short answer

Both improvements in basic infrastructure and the establishment of proper financial and political stability are important for the growth of African countries.

Step-by-step solution

The policies which can be suggested for rejuvenating the African economies

The African economies need to have proper infrastructural facilities because infrastructure plays a vital role in promoting the production level of different sectors of an economy.Proper infrastructure often helps the agriculture and manufacturing sector, especially for transporting goods from one region to the other.

At the same time, financial and political stability is also required to establish proper allocation and efficient distribution of goods in an economy. The government should intervene with proper strategies whenever any detrimental issue occurs in the African economies.