Peace and Prosperity by The Modern States

Peace and Prosperity by The Modern States

Democracy, globalization, economic freedom and good governance promote peace and prosperity. Additionally, other forces of globalization such as advanced technology and reduction in cross-border trade support business leading to prosperity. Most of the African states have relied on agriculture, trade and mining to create wealth. However, these strategies have failed terribly because of poor governance, political instability and foreign interference.

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Globalization and free trade go hand in hand. Initially, most countries embraced globalization due to its benefits. Nevertheless, globalization has increased the gap between rich nations and poor ones. Bates notes that Transatlantic Trade played a crucial role in creating wealth for the countries involved (Bates 35). However, this is no longer the case due to dangers posed by globalization and international trade. Reliance on international trade to create wealth has exposed African markets to cheap goods from abroad, which in turn kill local industries. Moreover, globalization exploits cheap labor from developing countries, increases environmental pollution, and threatens the sovereignty of countries by imposing new rules and policies. Additionally, multinational companies operating in Africa bring along their employees leaving few jobs for Africans. Besides, the companies send back home any wealth they have accumulated in African nations. Consequently, such scenarios leave African countries poorer. Moreover, free trade only benefits western