Unit 4 Week 4 Discussion GB502
Rymario1
Unit4SSATradeExportsandImports.docxUnit 4: SSA Trade, Exports, and Imports
Introduction
This unit, we will evaluate the different natural resources that Sub-Sahara African countries produce, and how the extraction of these resources contribute to the trade figures and economic growth in the region.
Africa in general, and the SSA region in particular, is endowed with natural resources. South Africa and Botswana are the two largest exporting countries in Sub-Saharan Africa, and South Africa is the world leading producer of gold and diamonds.The type of natural wealth varies from one country to another, which results in an imbalance in trade volume in the region. Countries that depict this trade imbalance are South Africa and Burundi. Based on 2016 data, Global Edge reported that South Africa's (Links to an external site.) top industries included mining for platinum, gold, and chromium, automobile assembly, metalworking and machinery; with a reported 2017 GDP per capita of $13,498. Top industries in Burundi (Links to an external site.) include blankets, shoes, soap, beer, assembly of imported components, and public works construction, with a GDP per capital of $771. Trade in Africa is an illustration of extremes.
Unit Learning Outcomes
At the conclusion of the unit, the learner will be able to:
1. Analyze the impact of world events on Sub-Sahara African economies in term of natural and human resources (CLO 3)
2. Explain how world events impact the imports and exports of goods and/or services (CLO 3)
3. Outline production strategies within the region in light of foreign investment (CLO 3)
Readings and Materials
1. Websites
1. World Integrated Trade Solution. (n.d.). United States trade statistics. (Links to an external site.) Retrieved from https://wits.worldbank.org/CountryProfile/en/SSFURL
2. Take Your Business Global (Links to an external site.) . (n.d.). Retrieved from https://www.export.gov/welcome
