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Biket: When business has a deeper meaning

Education is the foundation of development. This fact has not been refuted once throughout the world’s history: from the Pharaonic civilization to the Mayan surreptitious culture, and from the British colonies to the American empire. The story replicates itself over and over again. Any civilization commences as a group of people who can barely feed themselves through primitive ways, and then through accumulative knowledge, they identify new ways to prosper and grow.

The Sub-Saharan African continent is no exception. Countries like Mali are still trapped back by its ignorance-evidenced by the relatively low literacy rates (only 26% literate) – from the rest of the civilized world. Despite the abundance of natural resources that these African countries hide beneath their grounds, they have failed to match developed countries like Japan which is bestowed a small area of non-arable land and some fish! The basic principles of economics are exemplified in this case: raw materials and land remain inanimate, non-valuable objects without the co-existence of labor and capital. Read the rest of this entry