African Tale- With a happy Ending
African Tale- With a happy Ending
Ready or not, brace yourself. This mama gave the world civilization thousands of years ago. Math, philosophy, art, theater, architecture name it, all came from her. Better yet -she is the origin of mankind as we know it. Well, now she is back in full steam. Beyond the western mainstream media images of poverty and famine lies a vibrant class of Africans who live a typical American life or better. Wielding network cell phones, brandishing high-speed-enabled laptops even occasionally flashing a cup of foamy-latte-macchiato just to prove a point, this group of young Africans is unstoppable. This is not your daddy's Africa .Insert applause here!
The new economy consists of the rapidly expanding economic system created by resident and non resident middle class Africans. Unlike other world economies it is not confined to a single geographical location. But, like other world economies it includes the labor, capital, land resources and the economic agents that socially participate in the production, exchange, distribution, and consumption of goods and services.
Technological advancement and the resulting globalised world have enabled this scattered nation to connect into one giant economy. It's a modern African tale with a happy ending.
First, the resident middle class Africans-: This is comprised of more than 50 million well to do citizens living in the Africa continent. In Africa being in middle class may mean getting three meals a day, having some sort of entertainment, affording healthcare, school and a decent roof over a family's head.Ironically due to low labor costs they live better than a typical American life-apples to apples. For example most of them can afford house maids. Some can even afford personal chauffeurs. These are services that a typical middle class American family only dreams of.
Secondly the non resident Middle Class Africans- More than 10 million African born individuals live outside Africa mostly in USA and Europe. They form the biggest group of foreign investors to the continent. About 2 million of that live in USAwhere individuals making between $25,000 and $100,000 a year are considered Middle Class in common language use of the term.
Ninety nine percent of the middle class Africans are either self employed or employed in private industry regardless of their physical location. This proves that private enterprise is the only strategy that works long term. Does this article attempt to obscure the realities of Africa and its challenges? No. Billions of dollars have been poured into Africa for the last 50 years by donor nations, charities and Africans living abroad. Foreign aid should be limited to disasters and tragedies not as a primary development strategy. The fact remains no nation has ever been developed through handouts, period!
Why is middle class important? Any stable democracy requires middle class. 90 % of the African population live in poverty. People in poverty or barley making ends meet are not as actively concerned about politics as middle class people. The other small group of filthy rich individuals live comfortably and may not need change. They have enough change in their pockets. Some of them already participate in government in one way or another. As a matter of fact this latter group stands to suffer if true democracy is implemented.
One of the major obstacles of African attempt to attract investors and tourists is the unbalanced reporting and gross negative portrayal of Africaby the western media. This has in the past driven most investors to India, Chinaand other Asian countries. Most western investors are not aware of the plentiful low-cost labor, plenty of fertile land and under-exploited potential for tourism that Africaoffers. Technological advancement has enabled Africans to continue telling Africa's true story to the world. The business friendly Africa. The high-yield-potential Africa. The golden tropical beaches. Millions of college graduates. Yes, the Africabeyond the kid with a swarm of flies on his face that the western media has been peddling for the last 50 years. The Greek Islands: Your Ultimate Holiday Destination Considerations for international travel Australia and All it has to Offer Canary Islands Holidays Hamilton Beach CounterTop Rotisserie Oven Summer Fashion Trends for Men Hot Tub – A Time to Relax The Ultimate Christmas Gift for Dad London 2012 Olympics Will Bring Out London's Best How to Triple Your Investments on the Greatest Inexpensive Share Picks Immediately Chile Tours Discover the Fascinating Contrasts of Nature Why You Should Attempt Mountain Biking In Australia Five Diabetes Travel Tips