Economics in Africa

How could the economies of South Africa and Nigeria be best described?

• mixed
• market
• traditional 
• command

What is a concern for the economy of South Africa?

• Their GDP is lower than all the other countries.
• The country has a high unemployment rate
• There is not a market for their specialized product.

What does South Africa specialize in?

• Gold, diamonds and platinum
• oil
• high quality cotton
• textile manufacturing

What does Nigeria specialize in?

• Gold, diamonds and platinum
• oil
• high quality cotton
• textile manufacturing

What does Kenya specialize in?

• Gold, diamonds and platinum
• oil
• high quality cotton
• textile manufacturing

How has Nigeria's concentration on oil hurt that country's overall economy?

• Agriculture has suffered greatly and Nigeria must import food
• No one in Nigeria uses oil for fuel
• The country has been unable to trade their oil for other products

Why did a number of the countries of the U.N. have an embargo on South Africa?

• South Africa refused to take part in international trade.
• They wanted South Africa to end its system of Apartheid
• They wanted South Africa to lower the price of their diamonds

Why has South Africa made a big investment in human capital?

• South Africa has no natural resources to develop
• Some of that country's most important industries need educated, skilled workers 
• They were forced to provide training and education by the United Nations.

Why does South Africa have high unemployment rates?

• The government does not provide free public education
• Unemployed black workers are still feeling the effects of the apartheid system.
• South Africa's industries use foreign workers who put local people out of work

In which has South Africa invested heavily in capital goods?

• agriculture
• mining and heavy industry
• new government buildings