One of the poorest countries in the world, landlocked Burkina Faso has few natural resources and a weak industrial base. About 90% of the population is engaged in subsistence agriculture, which is vulnerable to periodic drought. Cotton is the main cash crop and the government has joined with three other cotton producing countries in the region - Mali, Niger, and Chad - to lobby in the World Trade Organization for fewer subsidies to producers in other competing countries. Since 1998, Burkina Faso has embarked upon a gradual but successful privatization of state-owned enterprises. Having revised its investment code in 2004, Burkina Faso hopes to attract foreign investors. Thanks to this new code and other legislation favoring the mining sector, the country has seen an upswing in gold exploration and production. While the bitter ...view middle of the document...
| | | |
Human Development Index | 0.317 | | |
Income category | Low income | | |
Population below poverty line | 46.4% | | |
Population under $1 a day | 61.2 | | |
Aid as % of GDP | 15.3% | |
GDP (per capita) | $ 1200 |
Urban Population | 20 % |
Life Expectancy 52.95 years
Adult Literacy Rate 28.7 %
Access To Clean Water 28 %
The “population below poverty line” indicator gives us a very accurate idea of how under developed Burkina Faso really is. The mere fact that around half of the country lives in poverty reiterates its poor development. This is supported by other indicators such as “access to clean water” and “literacy rate”.
To raise its place in the Human Development Index table, Burkina Faso needs to advance in particular fields. Firstly, and this is one of the Millennium Development Goals, Burkina Faso needs to provide education for all primary children. By doing this, it can then increase its literacy rate, which then renders it more developed as a country. And if it’s population is educated, then they can get better jobs, which will boost the country’s GDP, as well as decreasing its dependence on international aid. Gradually, the income category will also go up. Furthermore, some breakthroughs in medication are also required. With these, not only will the life expectancy increase, but the death rate will decrease. In addition, this will also keep the birth rate stable. As it is clearly shown above, all the development indicators are correlated. This means that a change in one will result in a change in another. So all Burkina Faso has to do is to make a start. Once they get the ball rolling, things will automatically take a turn for the best.