Investor Presentaiton
➤Social Contract Theory Contd.
The problem with Africa is that taxation contributes on the average between 8-
15% of their GDP whereas in advanced countries, it is between 30-40%. The
advanced countries take interest to seeing the improvement of the situation in
Africa because it will reduce the pressure African countries put on them for
foreign aids and grants.
>Jean-Jacques Rousseau: Discourse on the origin and foundation of inequality
among men:
man had lived in a state of nature, with simple needs: food, shelter
and security. The natural resources which he needed were in abundance while
the population was sparse. With time, the population increased, giving rise to
competition which was not there before, furthermore, there arose inequality in
the affairs of men; as a result of ownership of property. This inequality brought
about a class structure and exacerbated social inequality which the philosophers
and modern day scholars try to find solution to by way of social contract theory.View entire presentation