Economy
The region is distinct from the rest of Africa, with some of its main exports including platinum, diamonds, gold, and uranium, but it is similar in that it shares some of the problems of the rest of the continent. While colonialism has left its mark on the development over the course of history, today poverty, corruption, and HIV/AIDS are some of the biggest factors impeding economic growth. The pursuit of economic and political stability is an important part of the region's goals, as demonstrated by the SADC. South Africa is the dominant economic "superpower" of the region. South Africa's GDP alone is many times greater than the GDPs of all other countries in the region.
Read more about this topic: Southern Africa
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)