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According to the World Economic Situation and Prospects 2018, a product of the United Nations, GDP growth rate of at least 7% is the starting point for emerging economies’ move into the advanced group. The only possible way to achieve growth rates as strong as that is ongoing large-scale investments in their economies. However, nobody especially wants to take the risk of investing in countries where even the most basic needs represented in Maslow’s pyramid remain unresolved. This is an issue that blockchain technology can tackle.
Major challenges facing the countries of Africa according to the Guardian
“Business as usual is not an option in developing countries,” the Guardian investigation reveals. “By 2050, more than 3 billion additional people will be living in what is now described as the developing world, thus opening up the broadest prospects for business openings. It is time to talk about it.”
Here is a list of the massive challenges which, if solved, will enable business to develop:
Major challenges facing the countries of Africa according to the Guardian
“Business as usual is not an option in developing countries,” the Guardian investigation reveals. “By 2050, more than 3 billion additional people will be living in what is now described as the developing world, thus opening up the broadest prospects for business openings. It is time to talk about it.”
Here is a list of the massive challenges which, if solved, will enable business to develop:
- The World Bank defines corruption as “Public Enemy Number One”in developing nations.
- The population of the African continent has virtually no access to the banking system.
- A great many adult people are unable to obtain documents as the public administration system has totally collapsed.
- Poverty levels remain unacceptably high. The supply of food, drinking water, drugs still poses a challenge.
- The Internet is not available to a broad range of African nationals.
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