Development of Sub-Saharan Africa and its position in the global economy

This thesis deals with the sub-Saharan Africa, and especially with its development and position in the global economy. Sub-Saharan Africa is a territory consisting of 47 diverse states, which are mostly characterized as poor and backward. This backwardness stems primarily from poor literacy levels, low levels of life expectancy, high infection of HIV / AIDS and the lack of access to drinking water and food. The current situation is influenced by the history of sub-Saharan Africa, especially by the colonial and postcolonial era, which was followed by a gradual process of regional integration. At the time of European domination the major importance of sub-Saharan Africa was already recognized . It lies in the agricultural and mineral wealth of this region. The main commodities exported by sub-Saharan Africa are cocoa, coffee, diamonds, gold and cobalt. But the most important natural raw material is still oil. Even though sub-Saharan Africa accounts for only 1% of global GDP, its economic development over the last decade is significantly positive. However, despite this economic growth in this area there are the traps that impede sub-Saharan Africa's development. It's a trap of conflict, natural resource trap, the geographic trap and the mismanagement trap of small sub-Saharan countries. These problems are then engaged in a campaign UN's Millennium Development Goals, which aims to eradicate poverty and hunger, ensure primary education for all, achieve gender equality, improve maternal care, to defeat diseases such as HIV / AIDS, ensure sustainable development and promote cooperation between them, all by 2015. Backwardness of sub-Saharan region is evident from the fact that of all 47 states only 8 is regarded as newly formed economies and from the remaining 39, 32 are known as the least developed countries. As regards the other sub-Saharan Africa relations, they can be divided into so-called official development assistance, purely economic relations and foreign direct investment. In these relationships traditional partners like the EU or the USA have their exclusive position, but currently the importance of newly formed economies is growing. the growing importance is the most obvious in the flow of Chinese FDI in Sub-Saharan Africa, which is constantly increasing