Answer

Response to Objection Essay

Africa has consistently suffered from poor governance, poverty, and frequent corruption
cases. However, even well-governed African countries are still stuck in poverty traps. They are
poor to attain high economic growth levels, and some are severely poor completely (Sachs et al.,
2004). Therefore, extreme poverty causes low saving rates that result in low or negative
economic growth rates. This implies that Africa requires a big push from foreign investments to
revive its economy.
However, some critics argue that most Africans cannot acquire additional money to start
saving. They also say that Africans struggle to feed their families, and raising savings would be
hectic. Nevertheless, savings does not merely saving money. Africans can save resources by
economically using the already available natural resources to grow their economies. Resource-
saving is vital compared to cash. The more Africans save and preserve natural resources such as
minerals, forests, and large water bodies, the more additional income acquired from these
resources.
Furthermore, direct aids and donors indeed increase poverty rates in Africa. This is
because most people fail to work with the hope of receiving free assistance from donors.
However, indirect aid such as the construction of health centers, learning institutions, student
sponsorships, community development, and people empowerments are crucial to pushing Africa
to greater levels. For instance, educated or literate Africans will easily create local solutions to
reduce poverty rates, but this is impossible if Africans are abandoned to solve their problems
while illiterate.
Moreover, critics argue that foreign investments only help politicians rather than Africa’s
economy. However, adequately channeled investments can improve Africa's economic growth.

For example, instead of delegating the work of supervising foreign investment to politicians,
donors should fully participate and ensure that everyone is incorporated. The donors can be sent
representatives to various nations to manage and ensure project completion. Corruption and
nepotism can be stopped through proper channels of foreign investments that would eliminate
poverty. Therefore, a country's local problems, such as corruption, laziness, and reduced
monetary savings, cannot hinder foreign aid's success in enhancing Africa's growth. These
problems can be solved since foreign donors have absolute power over the projects.

Reference

Sachs. J. et al. (2004). Ending Africa’s Poverty Trap. Brookings Papers on Economic Activity.