Academic journal article International Advances in Economic Research

Poverty in Africa: Melting the Golden Curtain

Academic journal article International Advances in Economic Research

Poverty in Africa: Melting the Golden Curtain

Article excerpt

"After the lifting of the Iron curtain between East and West, it is the great challenge of our time, now, to lift the Golden curtain which separates us in the North from the people in the South ..." (H Bedford-Strohm, David de Villiers Memorial Lecture, University of Pretoria. 28 August 2006).

Since 1970, certain parts of the world recorded remarkable progress in their efforts to alleviate poverty. To the contrary, poverty was not only perpetuated in Africa but actually increased over this period. Both rich and poor countries have to make contributions to poverty eradication in Africa. Consensus has been reached that the Millenium Develpment Goals embody the scope of the contribution of rich countries. In terms of these goals, rich countries should transfer development aid equal to 0.7% of their respective gross domestic products to poor countries. The development goals aim at eradicating extreme poverty and hunger, achieving universal primary education, promoting gender equality and empowering women, reducing child mortality, improving maternal health, combating HIV/AIDS, malaria and other diseases, ensuring environmental sustainability, and developing a global partnership for development. The achievement of these goals will indeed reduce poverty.

Despite the Monterrey Consensus on the scope of contributions that poor countries should make to alleviate poverty, particular problems obstructing development in Africa are oppressive polictical systems without democratic elections, disrespect for the rule of law, and a lack of property rights. …

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