Unless countervailing steps are taken, the belief by market participants that a particular firm is too big to fail, and that shareholders and creditors of the firm may be partially or fully protected from the consequences of a failure, has many undesirable effects.
Third, the most effective way to reduce poverty is to help the poor people develop their local economy. African countries play a leading role in their own development. Meanwhile, cooperation and support from the international community are needed. It is worth noting that the economic development is unbalanced among African countries.