Africa has experienced a significant development of global network based on a comprehensive database as evidenced in Switzerland’s economic gains from globalization. Depending on the political, economic, and social outlook, globalization in Africa is characterized by massive per capita growth and improved GDP over the last two decades. The previous interactions between African countries with other western economies are responsible for the current economic, political, social, and cultural amplification. For example, countries like Kenya, South Africa, and Ghana currently enjoy democratic rights. However, the most important aspect of globalization in Africa involves electrification, which will soon break the myth of dubbing Africa a dark continent. Therefore, let us consider the energy sector in Liberia in relation to the benefits and opportunities associated with the African globalization.
The current developments in energy infrastructure in Liberia coupled with the West African Power Pool’s support have greatly promoted the country’s economic growth. The nation has currently strategized on how to provide energy access to approximately 70% of her Monrovian population, and she anticipates that this access will be available to 35% of her total population. Therefore, she is currently rehabilitating the Mount Coffee Hydro plant to enhance ease of achieving her development objectives. As a result of globalization and interaction with other international funding bodies, the country has garnered the support of Germany, Norway, and the Millennium Challenge Corporation to rehabilitated the aforementioned plant and ensure development. Therefore, the globalization-related developments including increased expenditure on electricity transmission and distribution will ensure that the country achieves its objectives by 2030. This is evidenced in the ongoing implementation of the Electricity Master Plan (EMP), which is intended to develop the energy sector through the endeavors of the ministry of lands, mines, and energy.
Delegate your assignment to our experts and they will do the rest.
Typically, globalization has significantly improved firm generation capacities that have consequently diversified generation sources in Liberia. The reduced electricity costs following the reconstruction and extension of transmission and distribution infrastructure have improved the reliability of electric supply in the nation; thus, reinforcing development. Therefore, the country’s economy is currently flourishing with new legal and regulatory agendas that result from efficient management of the energy sector. The ultimate benefits of globalization manifest themselves in increased private investments within the nation’s energy division as regards the generation, transmission, and distribution facilities. This proves that the increased access to electricity is a development driver and there is a need to rejuvenate infrastructure rehabilitation further and promote increased public investment to stimulate private competition. However, Liberia currently has greater opportunities for growth and improvement that will promote development in other parts of the economy owing to the cheaper and more reliable energy supply.
Generally speaking, Africa has greater short-term and long-term opportunities for further development. For example, grid extension across Monrovia alone will ensure cost-effective power supply to approximately 800, 000 households in the near future. This will need approximately $1 billion to fully construct the grid for the purpose of meeting the sum aggregate national demand. Again, globalization has positively impacted on the adoption of solar energy to harness the solar radiation that is abundant in the equatorial regions. This has promoted the use of photovoltaic cells, especially during the dry seasons as a means of energy conservation strategies for sustainability purposes. With the massive untapped hydropower potential, power generation will increase significantly to account for the rising needs of the African population. However, this requires the construction of storage facilities to sustain a continued generation of power even during the dry periods.
