Generate text that refutes this claim: Source of trade  Natural resources are a source of economic revenue for Africa. If managed well then this can become a genuine source of prosperity. Africa does not currently have developed secondary and tertiary sectors yet [1] , most of the continent’s economics surrounds primary sector activity such as resource extraction and farming. The high commodity price of items such as gold, diamonds and uranium is therefore valuable for Africa’s trade. Profits from this trade have allowed countries to strengthen their economic position by reducing debt and accumulating external reserves, a prime example of this being Nigeria.  [1] Maritz,J. ‘Manufacturing: Can Africa become the next China?’ How We Made Africa 24 May 2011
ss economic policy international africa house believes africans are worse
The trade of natural resources can be unreliable for African nations. Exports on the international market are subject to changes in price, which can harm export orientated countries should there be a decrease in value. The boom/bust cycle of oil has been particularly damaging. The drop of oil prices in the 1980s had a significant impact on African countries which were exporting the commodity [1] . The boom/bust cycle of resource value has impaired, rather than inhibited, some states’ debts. The price slump of copper in 2008 severely damaged Zambia’s mineral orientated economy, as FDI stopped and unemployment rose [2] . This debt crisis had been created by another slump in prices in the 1980s that forced the government to borrow to keep spending. [3] This demonstrates how international markets are unreliable as a sole source of income.  [1] African Development Bank ‘African Development Report 2007’ pg.110   [2] Bova,E. ‘Copper Boom and Bust in Zambia: The Commodity-Currency Link’ The Journal of Development Studies, 48:6, Pg.770   [3] Liu, L. Larry, ‘The Zambian Economy and the IMF’, Academia.edu, December 2012,