which is the most populous continent in the world? write in brief about the population and economic characteristics of that continent.
Answers
Answer:
Africa
Explanation:
The three important characteristics are as follows: economic growth
coexists with severe poverty, with considerable disparities between regions and
countries; resource exploitation and economic diversification are both being
pursued; and in carrying out development, African nations place equal stress on
their own autonomous development and international coordination.
Given these characteristics, the African economy will continue to grow at
a moderate rate, and the macroeconomic circumstances of African countries will
continue to improve, but there are still obstacles: the dependency of agriculture
on the weather, low national savings rates and low domestic investment rates,
the large number of poor people, high unemployment, heavy debt burdens and
single-product economic structures. Africa’s least developed status in the world
cannot be changed in the short run. Therefore, both poverty alleviation and
development promotion are important tasks that African countries will face in
coming two decades. Although the diversification strategy represented by the IT
industry has shown initial vigor, resource exploitation remains the leading
industry, and the oil industry is particularly noteworthy. FDI in Africa mainly
goes into oil and resource mining, and the reform of the single-product economy
still faces challenges. NEPAD is a crucial act that aims to overcome different
kinds of challenges in a period when the economics of African countries are
becoming increasingly globalized. African national leaders stress economic
development and international coordination. African countries will cooperate in
the areas of capital construction, funding, agriculture, environment, markets,
economic diversification, administration and human resources. The plan has
won extensive support from the international community. Despite the
difficulties involved in realizing its aims, NEPAD brings hope for an African
economic renaissance.
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