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Question

What is the most challenging economic problem in Benin Africa?

Answer

To achieve wealth during the colonial period, imperial overseers geared the economies of Africa towards exporting raw materials. Egypt produced cotton, Ruanda-Urundi was almost completely dedicated to growing coffee, and Upper Volta specialized in palm oil. Basing an entire nation's wealth on one commodity in this way would have debilitating effects later. These monocultures left national economies extremely vulnerable to price swings, making economic planning difficult. Some writers, such as Walter Rodney in his influential book How Europe Underdeveloped Africa, argue that these colonial policies are directly responsible for many of Africa's modern problems. Other post-colonial scholars, most notably Frantz Fanon, have argued that the true effects of colonialism are psychological and that domination by a foreign power creates a lasting sense of inferiority and subjugation that creates a barrier to growth and innovation.

— Source: Wikipedia (www.wikipedia.org)