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{"id":1035,"date":"2017-10-02T08:25:24","date_gmt":"2017-10-02T08:25:24","guid":{"rendered":"http:\/\/www.ugandajubilee.org\/?p=1035"},"modified":"2017-10-02T08:25:24","modified_gmt":"2017-10-02T08:25:24","slug":"week-7-30th-september-7th-october-2017-justice-in-the-global-economy-and-the-future","status":"publish","type":"post","link":"https:\/\/www.ugandajubilee.org\/week-7-30th-september-7th-october-2017-justice-in-the-global-economy-and-the-future\/","title":{"rendered":"Week 7 (30th September \u2013 7th October 2017): Justice in the Global Economy and the Future"},"content":{"rendered":"

1<\/sup><\/em>Give the king Your judgments, O God,
\n<\/em>And Your righteousness to the king\u2019s Son.
\n<\/em>2<\/sup><\/em>He will judge Your people with righteousness,
\n<\/em>And Your poor with justice.
\n<\/em>3<\/sup><\/em>The mountains will bring peace to the people,
\n<\/em>And the little hills, by righteousness.
\n<\/em>4<\/sup><\/em>He will bring justice to the poor of the people;
\n<\/em>He will save the children of the needy,
\n<\/em>And will break in pieces the oppressor.
\n<\/em>Psalm 72: 1-4<\/em><\/strong><\/p>\n

Main Prayer Focus of the Week:<\/strong><\/p>\n

    \n
  1. A shake up in the World Economy and a transition to one that is fair to poorer nations<\/li>\n
  2. A World trade system that is fair to the poor nations<\/li>\n<\/ol>\n

    OVERVIEW OF THE WEEK\u2019S FOCUS<\/strong><\/p>\n

    Of all continents on the earth, Africa the continent most endowed with natural resources. Africa is so rich and yet so poor. 30% of the world\u2019s minerals reserves sit in Africa but the continent only contributes 1% of global output and by 2013 had a total of 383 million people living in poverty accounting for 54% of the world\u2019s poor.[1]<\/a> The situation African countries face with regard to world trade was succinctly put by President Nyerere when he lamented.<\/p>\n

    \u201c The price at which cotton is bought and sold in the market is determined by the workings of the international free market; countries of the South learn what the prices will be by listening to reports from Britain, USA and Europe. The cost of producing that cotton is completely irrelevant; so is the cost of living of the worker or peasant in the cotton fields. On the other hand, the prices of lorries, tractors, railway wagons, fertilizers, etc, are all determined by the producers \u2013 the transnational corporations and other firms.\u201d <\/em><\/p>\n

    Africa supplies most of America\u2019s strategic minerals. China, which has over 50% of the 17 rare-earth minerals, is consolidating its hold by stockpiling these industrially strategic resources. [2]<\/a> The sources of these industrially strategic resources will probably be Africa this while Africa\u2019s leaders and peoples still sleep.[3]<\/a> Unfortunately this would be at the cost of Africa\u2019s prospective industrialization, unsuspecting as the continent usually is.[4]<\/a> If industrialized countries are doing it, African governments need to think quickly and deeply about setting aside strategic reserves of its resources for use in prospective industrialization drives or refusing to mine them at all until the countries are ready to industrialize.<\/p>\n

    For centuries, Africa\u2019s trade with the rest of the world: engagement in slave trade, low-value agricultural production, and the present day extraction of minerals were all done with an overriding foreign interest. \u00a0Africa exports the best of its natural capital and importing back goods processed from that natural capital at multiple times the cost. Producing what we do not consume and selling it at very low prices and consuming what we do not produce while buying it at very high prices. It is a net loss both ways For example coffee African countries like Uganda, Kenya, Tanzania are the among the top producers of coffee globally. Among these, only Ethiopia appears among the top fifteen countries that exported the highest\u00a0 dollar value of coffee in 2015. The list is populated by countries that do not grow a single tree of coffee.[5]<\/a> \u201cAfrican countries are trapped in a state of existence in which by giving away their natural capital (people, agricultural produce, mineral resources, hydrocarbons) to others to convert into their own productive capital, they forfeit the intermediating benefits that include factories, jobs, deepened and widened tax bases, reinforced financial services, broadened logistical industries, increased civil infrastructure, diversified exports and skilled manpower.\u201d[6]<\/a> The prices of Africa\u2019s main products \u2013 diamonds, coffee, oil, cocoa, cobalt, sugar, iron ore, tea, aluminium, gas, cotton, maize \u2013 are determined in the commodity markets overseas but not in Africa.[7]<\/a><\/p>\n

    In addition Africans have built other continents while we remain poor. The Atlantic slave trade that lasted about 400 years from the 15th<\/sup> to the 19th<\/sup> centuries was critical in building the economies of the Americas and some European countries to the detriment of Africa. Even with the coming of the Chinese, Africa\u2019s relationship with China is essentially structured like the one it had with imperial Europe: a source of raw materials, a market for manufactured goods, and a field for some development projects. China\u2019s voracious appetite for resources touched off the second \u201cScramble for Africa.\u201d<\/p>\n

    Pray for:<\/strong><\/p>\n