Monday, October 22, 2007

current events summary oct. 22

What a surprise! Almost all the countries in East Africa are still pretty poor, they don't have enough aid, and their economies are doing poorly...
Kenya’s rigid employment regulations are becoming obstacles to creating jobs as well as making businesses less willing to hire employees because of all the “rules” they have to follow. This is slowing down the potential growth of the economy. I think they should just loosen up the regulations so more people can actually have jobs and the workforce (and thus the economy) can grow some.
Uganda's president has pledged $57,000 to assist victims of the heaviest rains in 3 decades, and has said that the people of Uganda will not starve when that government is in charge. Uganda and other countries are still suffering from damage done to homes, crops, and basically countries caused by the torrential rains a couple of months ago. Many people have been helped but many more still are in great need, and there is not exactly an endless amount of aid (/money for aid) available. The promises that Western countries made to double foreign aid in Africa have not (yet) been met, which is a contributing factor to the extreme poverty of several East African countries. The UN says Africa is not likely to meet any goals for poverty-busting (at least not soon), in part due to those unmet promises of aid from Western countries. I think they should use some of the collected tax money in countries such as America to support aid in suffering nations, instead of less-neede projects for our own benefit.
Wars in Africa are also draining several countries’ limited money supply... buying arms, training and supporting troops, ect. costs a lot of money. This is yet another reason to strive for world peace... too bad there's human nature and power hunger to get in the way!
So, the poverty prevailing in the economic, and thus social realms of East African countries is mainly being caused by natural disaster, lack of will to fix the damage from those disasters (on the part of OTHER countries - that HAVE the money), not so wise descisions such as rigid employment regulations, and the lack of an ability to install peace, therefore eliminating the expenses of war.
Presumably, this poverty will effect other economic realms such as opportunities for trade, technology, general advancement, ect.

No comments: