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Africa: the next economic tiger?

8 Comments
By Chrystia Freeland

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© (c) Copyright Thomson Reuters 2012.

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There may be a few bright spots amongst smaller countries but the endemic corruption, religious & tribal divisions, horrible infrastructure and mediocre eduducation (on average) are huge challenges for most of the countries in Africa.

1 ( +1 / -0 )

Unlike Asia, Africa lacks the law and order of protection of foreigners. Governments are too weak for protecting the safety of foreigners. There are 40,000 white farmers in South Africa. Over 1200 have been brutally murdered since 1994. The ANC(Africa National Congress) has responded to this crisis by blaming whites and putting a ban on crime statistics because they scare off foreign investment. In Zimbabwe, many white farmers were robbed and bashed and murdered .

In Somalia, there are many bandits who wanted to rob the foreigners. Mostly sea pirates are trained and armed in Somalia.Chinese enginner and oil workers have been killed in Sudan. Africa is very rich in natural resources and untapped market. In Kenya, foreign engineers working in remote parts of the country often face the danger of violence from locals. They are not all welcoming foreigners for business. They have perception that foreigners want to exploit their resources and land.

2 ( +2 / -0 )

Economic Tiger for who? The colonial powers all over again. The biggest Natural Resource that Africa produces is the people itself! The mysteries, the rituals, the spiritual practices! When the Industrialization of Africa takes place they will in fact lose all their identity! And so will the earth! Can you imagine African people living in row housing, making minimum wage, and laws being passed not to smoke in public places! The only animals they will come in contact is a lap dog in every home. It will be Colonialism imposing their idea of a lifestyle. Slavery will make a round trip!

-1 ( +0 / -1 )

Until the wars and tribal hatred all stop Africa as a continent will never become an economic power. South Africa and a couple of other countries might do well, but the majority of countries won't. Too much corruption and a reliance on the rest of the world for material and financial aid won't boost their economies anytime soon. Unless they produce what consumers want to buy it won't happen.

0 ( +0 / -0 )

woaw, if that actually happens and it's not just the neo-colonials pumping money inthere and taking money out of there it kinda would scare me to think what would come out of it. Seeing as China has definitely not forgotten the eu and american 'help' they got what the hell would come out of africa towards europe and the us , i suppose japan would be a bit safer there. I dont know if they ever colonized any part of africa really. I know those who did did not do it puppydog-style

0 ( +0 / -0 )

The Fastest Billion: The Story Behind Africa's Economic Revolution,” a data-packed collection of essays to be published at the end of this month and brought together under the aegis of Renaissance Capital, an investment firm with Russian roots and global ambitions.

Sounds like a sales pitch for a bunch of corrupt Russian businessmen who want to exploit Africa to their own ends

0 ( +0 / -0 )

Sub-Saharan Africa is the fastest growing desert inn the world. If not tied to a close 1st with China's Gobi desert. It already has a good sizable chunk of the Continent covered. I think the biggest necessities resource conflicts (food, water) are only going to get worse in the decades ahead for Africa. The continent has already been carved up by the U.S, Europe and now China is having it's share of the carving.

0 ( +0 / -0 )

Uhm. wouldn't lion be the appropriate metafer?

1 ( +1 / -0 )

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