ICOS Presents:

"A Resource-based View of Africa:
Why Africa cannot take care of itself despite its numerous valuable resources"

Professor Allan Afuah

Corporate Strategy & International Business
Ross School of Business
University of Michigan

January 21, 2005

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Accompanying Slides - Duration given in (HH:MM:SS)

Introduction (00:03:17)

Title Slide (00:01:40)

Globe (00:02:39)

Map of Africa (00:01:03)

Top 20 most populated countries (00:00:45)

From Africa with Love (00:00:28)

Some of Africa's resources (00:01:29)

But... (00:01:21)

Question (00:00:50)

Translation of resources (00:01:09)

Theories about Africa's poverty abound (00:01:13)

Corruption: Case of Nigeria's General Abacha (1993-1998) (00:02:07)

Corruption (continued): It Takes 2 to Tangle (00:02:07)

Top 20 Uncorrupt Countries (00:00:44)

Bottom 20 (00:01:12)

Middle countries (00:00:53)

Colonialism: The Case of Congo Democratic Republic (00:03:54)

Colonialism: The Case of Congo Democratic Republic (2) (00:05:54)

Foreign Trade: The case of cotton (00:03:01)

Fallacy of Natural Resources: An Example (00:05:47)

Free Riding (00:04:09)

Fallacy II: "Not your oil" (00:19:09)

Causes of Free Riding (00:02:03)

Translation of resources (00:00:31)

Resource Translation Process (00:01:53)

Why Africa? (00:02:34)

A three-prong solution to the Free Rider Problem (00:04:24)

Case in Transparency: The Chad-Cameroon Pipeline (00:03:24)

Conclusions (00:04:39)

Presentation of Tile (00:01:05)

Presentation created by Glenn Fischer LLC