| Most African economies are considered to be | | | | world urging the west and east to lend in a hand e.g. |
| unstable either due to political instability or lack of | | | | instances where a country has lacked adequate |
| investor appeal. This factor alone (the instability of | | | | resources to feed its population have been common |
| African economies) means that those in leadership | | | | in the past. International television stations have |
| have an uphill task in resuscitating ailing economies. | | | | covered these stories which culminated in massive |
| Today, those in power have to consider external | | | | support from donor organizations in the form of food |
| factors in their economic recovery strategies. If | | | | aid. Disadvantages |
| anything the measure of a country's economic | | | | Some local businessmen in African countries prefer to |
| strength can be said to be a comparison of that | | | | save their money in foreign bank accounts hence |
| county's economy with others. | | | | rendering a blow on local currencies. |
| So what are the advantages and disadvantages of | | | | Some firms and companies from the west which |
| globalization on African economies? | | | | invest in Africa return all their revenue to their |
| Advantages | | | | mother countries. |
| Investors can invest in Africa without necessarily | | | | The media have mostly portrayed Africa as an |
| setting foot on the continent e.g. an investor who | | | | insecure inhabitable continent. Most of the headlines in |
| would probably not consider investing in the continent | | | | international stations feature wars, famine, low living |
| for security fears perpetrated by travel advisories | | | | standards and dictatorship. This has a negative effect |
| and bad publicity can buy shares online. | | | | on the bearing of most of would be tourists. They |
| Due to globalization some major problems affecting | | | | therefore keep away from the continent and starve |
| some African countries have been shown to the | | | | the continent of the much needed foreign exchange. |