International Journal of Research and Innovation in Social Science (IJRISS) |Volume VI, Issue X, October 2022|ISSN 2454-6186
Improving and Sustaining Economic Growth in Africa. A Case Study of China’s Three Gorges Dam
Richard Amoasi1, Ivanrich Asamoah2, Tyse Adwoa Acquah3, Francisca Aborh4, Winifred Serwornu5, Margaret Asamoah6
1PhD Student, Hebei University of Technology, School of Economics and Management, Tianjin, China
2Tianjin Chengjian University, China.
3Hebei University of Technology, School of Economics and Management, Tianjin, China
4Jiangsu University, School of Economics and Management, Jiangsu, China
5Kwame Nkrumah of Science and Technology, Kumasi, Ghana
6University of Winneba, School of Distance Education, Koforidua, Ghana
Abstract: Strategic alliance in the area of hydro dams’ construction will serve as a major mechanism for curtailing high cost of living and the high unemployment rates in Africa. Food shortage is normal in most African countries and prices of food is very high preventing many within the lower income groups from making any meaningful savings. Farmers depend on rainfall and in most times of the year, farmers do not obtain water for farming. Dams with excess water are spilled causing destruction of lives and properties without saving the water for any particular purpose in most African countries. Constructing similar dam like the Three Gorges Dam in Africa through strategic alliance with high hydro power production will increase electricity supply to sustain manufacturing companies, water supply as well as promote tourism to increase the Gross Domestic Product (GDP) of the nations. The 4 years full cost recovery instead of the projected 10 years is a sign of efficiency, transparency and a sense of accountability lacked by African governments.
Keywords: Gross Domestic Product, Strategic Alliance, unemployment, Construction, Mechanism.
I. INTRODUCTION
The inability to harness and store water for use in the future is a major problem in Africa. Rising cost of food due to farmers’ inability to farm year round because of the long hamattan periods prevent many people in the lower income groupings to make any meaningful savings for the future. The importation of food by nations in Africa does not only lead to high prices because of the need foreign exchange, transportation and import duties but also cause these countries’ currencies to depreciate against the countries where the food import was made. There is the need for the leaders in Africa to develop long term measures to curtail the hardships suffered by their citizens. There is also the need to make farmers better of through the supply of water for year round farming to be able to make it attractive and to encourage many youth to participate but not leave farming for the old aged and the uneducated, a norm in Africa which must stop.
According to the China Three Gorges Project Corporation in 2020, the TGP since its completion in 2009 has supplied water to irrigate large portions of farmlands along the Yangtze River promoting year round cropping and ensuring year round food supply. The Three Gorges Dam which is the world’s largest hydropower station with a total capacity of 22.5 million kilowatts and the annual power generation of 100 billion kilowatt hours, greatly meets the electricity demands in middle and eastern China and in other provinces like Anhui,