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Africa gets resources from abroad, they live on terrible land. At least that's the story. From my POV the land can in time recover if the proper microorganism are put into place. I'm not an agriculture person but I've read some fantastic stories about permaculture. They have just about everything they need there, abeilt maybe a need more help to build a water catcher.
Africa takes loans from IMF, no?
Imagine taking a loan you can never repay? That you need to take an additional loan to pay for the original loan. Cycle that a few times..
The above is just about Africa. American(black n white) are borrowing and have a hard time paying stuff today. They probably have a 20% credit card interest plus late payments. Hmm..similarities?