Africa is a terribly wounded continent. I'm not sure the election of Miss Ngozi in the WTO would be enough to heal it. Even the WTO itself has its own enormous monsters that need slaying.
More than half of the African nations are some of the poorest in the world. African extreme poverty is multi-faceted. In many cases, the poor performance of many African economies are but offshoots of much larger and deeper problems such as the absence of rule of law, illiteracy, and so on.
Topic: Better Days ahead for the economy of developing countries in Africa - page 3. (Read 564 times)
October 29, 2020, 10:07:45 AM
October 29, 2020, 09:27:02 AM
Compared to the countries of Asia and America, Africa has either stopped or lagged behind in international trade, investment, per capita income and all other economic growth indicators. Poverty has reduced life expectancy increased violence and instability and pushed the economy further back. Although many initiatives have been taken in recent years to develop African countries in isolation they have failed. Recent data show that parts of the continent especially sub-Saharan Africa have begun to grow in tandem with the rest of the world which will help boost the economy.
October 29, 2020, 09:17:20 AM
I don't understand how she will be able to make a big change. Director-general of the WTO is a powerful position, but with limited decision making abilities. Even if she is able to push forward a few measures, I don't think the continent will benefit much. The biggest issue here is that Africa, dispute its abundant natural resources produce a limited amount of finished goods. It imports most of its demand. Unless this situation changes, I can't foresee any major improvement in the condition there.
October 29, 2020, 07:42:32 AM
Nice to hear this news. However, I think becoming a WTO head does not bring the economy of developing countries better. As you can see, an international organization only has a minimum impact on a country because no country wants to be affected by any element outside their country. Only the government has the power to change the current situation of their countries. Will you let a stranger step into your house and create a mess ?
On the other hand, the US does not seem to like this new information at all. They believe that China is behind everything and by letting a Nigerian becomes a WTO head, they can easily manipulate the world trade organization. Who knows. After all, we are just normal citizens who only want a happy life
On the other hand, the US does not seem to like this new information at all. They believe that China is behind everything and by letting a Nigerian becomes a WTO head, they can easily manipulate the world trade organization. Who knows. After all, we are just normal citizens who only want a happy life
October 29, 2020, 07:16:05 AM
May the prosperity go on for the African continent, they are an untouched haven of natural resources and I think that they deserve to use that to boost their economy, I also hope that countries in Africa create a union to fight the terrorism brought by wars in some of their countries, especially South Sudan. If Africa is not rife with this famine, wars and capitalistic exploitation, it will be a prosperous continent like Europe, Australia and part of American continent. Hopefully, more project that helps African continent is launched to help the people, especially in terms of welfare, health and education.
October 29, 2020, 07:07:16 AM
Ikonja Iweala was the Finance minister between 2003 and 2006 during Obasanjo regime and I couldn't point her achievements for Nigeria even if European union has endorse her as the first female and a Nigerian Director-General of the WTO. The office she is occupying doesn't belong to just a single country but countries as whole that co-form world health organization, this might be an opportunity for African countries especially Nigeria but it's not done that way and beside, united states isn't giving her full support.
Trump will not support candidates who just became citizen of United States in 2019.
Trump will not support candidates who just became citizen of United States in 2019.
October 29, 2020, 05:13:43 AM
Having a representative in the WTO from Africa might be a good leverage to bring forth some suggestions to better the economic scene in the continent for most African countries. While of course, getting that position does not only mean she'll only be working for the development of her land, but she could always present some interesting ideas that could include Africa to the global trading scene. Africa is a continent that is rich in natural resources and is ripe for the picking, but most huge (bully) countries such as China is taking advantage of the fact that the region is highly underdeveloped in today's standards.
October 29, 2020, 02:58:25 AM
I don't think that Ngozi Okonjo-Iweala will be able to do much more to the African continent, when compared to the current director-general (Roberto Azevedo) of the World Trade Organization. WTO is a global organization and the director-general is supposed to act without any regional bias. Also, having an African on the top posts in the past hardly had any impact on the well being of the region. A perfect example is that of Tedros Adhanom Ghebreyesus, who is the current director general of the World Health Organization (WHO).
October 28, 2020, 07:13:03 PM
I wish all the best to you guys. I don't know how huge is this going to be helpful to your economy but as long as it does, that's delightful to know.
There's just this thing that I've noticed. You made a new thread just after few minutes of posting this thread: Will Mrs Ngozi Okonjo-Iweala be able to step up to the task at hand (DGWTO)
There's no need to make that if you already have this thread, it's best to lock the other thread as the topic is just the same as this.
There's just this thing that I've noticed. You made a new thread just after few minutes of posting this thread: Will Mrs Ngozi Okonjo-Iweala be able to step up to the task at hand (DGWTO)
There's no need to make that if you already have this thread, it's best to lock the other thread as the topic is just the same as this.
yes, one thread is more than enough to have a meaningful discussion towards the topic. we wish all the best for african nations and if having an African woman in WTO will pave the way for some radical change, then so be it. she knows better than anyone about how to attack the long running problem from where she originated. her accomplishments are yet to be seen however.
October 28, 2020, 05:11:12 PM
I wish all the best to you guys. I don't know how huge is this going to be helpful to your economy but as long as it does, that's delightful to know.
There's just this thing that I've noticed. You made a new thread just after few minutes of posting this thread: Will Mrs Ngozi Okonjo-Iweala be able to step up to the task at hand (DGWTO)
There's no need to make that if you already have this thread, it's best to lock the other thread as the topic is just the same as this.
There's just this thing that I've noticed. You made a new thread just after few minutes of posting this thread: Will Mrs Ngozi Okonjo-Iweala be able to step up to the task at hand (DGWTO)
There's no need to make that if you already have this thread, it's best to lock the other thread as the topic is just the same as this.
October 28, 2020, 01:20:58 PM
Mrs Ngozi Okonjo-Iweala gets the nod, she is the first Nigerian and first African and woman to lead the WTO (World Trade Organization). Securing this elective position means that qualified Nigerians and Africans can still be elected to hold important economic offices worldwide regardless of the bad run of corrupt officials holding top positions and many corruption and money laundering scandals.
It is our hope that having an African hold this very important position, will help point out the productive and market opportunities in the continent and in a long run help improve the economy of the developing countries in continent by spear heading for the revival of multilateralism and better trade deals for the developing countries in the region.
It is our hope that having an African hold this very important position, will help point out the productive and market opportunities in the continent and in a long run help improve the economy of the developing countries in continent by spear heading for the revival of multilateralism and better trade deals for the developing countries in the region.
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