In recent years, initiatives have been taken in Africa to boost the economy, tourism being one of them. In fact, over the past two decades this industry has grown by 9% annually, which is positive, but much more is needed. A continent like Africa needs a diversification of its economy, it needs more transparent and less authoritarian political systems and, at the same time, it demands constant training of the members of their societies to inaugurate sustainable economic projects.
The African reality can be transferred to all the nations of the world that are going through similar processes of backwardness and poverty , some due to circumstantial and historical particularities, but the vast majority due to ideological and economic vices such as socialism, which led to the bankruptcy of different nations in Eastern Europe and Latin America.
The truth is that no nation can progress or grow the economy with eternal subsidies, without entrepreneurship and without private companies. Not all help is good, there is help that kills, as shown by Dambisa Moyo.
Without economic structures, without education and training, without employment, handouts will simply postpone the bad times of societies doomed to external dependence. And without a doubt, the African people are capable of much more.
© 1990 Foundation for Economic Education. Published with permission. Original in English.8013127041001
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