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West Africa's economy is based around oil drilling and blood diamonds. All diamonds bought and sold in the U.S. are blood diamonds, however, retailers paid high prices to agencies in order to have the "blood diamond" or "conflict diamond" designation removed, as there is a stigma in the United States attached to buying blood diamonds. Oil from Africa is also blood oil, but nobody speaks of this. Native peoples are displaced by Shell in order to get the oil and bribe the government officials.
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What is a major problem with Africa having an export economy?
It makes the economy of Africa less stable.
How was the slave trade important to the west African economy?
The market for West African slaves in creased as Muslim traders bought or seized black Africans to sell in north Africa.
What is major problem with Africa having an export economy?
It makes the economy of Africa less stable.
What is a major problem in Africa's export economy?
None. Africa is a continent and does not have an overall economy. Individual countries in Africa have their own strengths and weaknesses as far as exporting is concerned.
Biggest economy in Africa?
The biggest economy in Africa is undoubtly the Republic of South Africa (South Africa) The South African GDP was $467.6 billion in the year 2007 and the global rank of South Africa was 27th. Egypt's GDP in 2007 was $431.9 billion and Egypt's global rank was 29. Egypt got the second biggest economy in Africa.
What role did the kings play in the economy of West Africa?
the role kings played in the economy of west Africa is that I don't know
Which country has the strongest economy in west Africa?
Ethiopia
What is the most developed country in West Africa?
Ghana is the most developed country in west africa since is the fastest growth economy in the world
What is the biggest country in west?
Nigeria is the biggest country in West Africa in terms of population and economy.
What role did kings play in the economy in west Africa?
spiritual resemblance to the gods
What role did kings play in economy of west Africa?
spiritual resemblance to the gods
What kind of economy does west Africa have?
It's based on oil drilling and natural gas
How did labor specialization lead to a diverse economy in west Africa?
I don't know guys don't go on this webesite
Is South Africa a market or government economy?
South Africa has a market economy.
What made the slave trade important to the West African economy?
One of the things that made slave trade important in West Africa is that it earned the slave owners good money. This money could be used to develop farms or invest in other sectors of the economy.
What is a major problem with Africa having an export economy?
It makes the economy of Africa less stable.
How was the slave trade important to the west African economy?
The market for West African slaves in creased as Muslim traders bought or seized black Africans to sell in north Africa.
