Thursday, January 13, 2011
African Lions and Asian Tigers
Two recent articles discuss the good economic news coming from sub-Saharan Africa. In the next five years, seven of the ten fastest growing economies are likely to be in sub-Saharan Africa (see Economist article below). Much of the growth in investment and trade in Africa is linked to a rising Asia.
The Economist (1-6-2011) A more hopeful continent: The lion kings? Africa is now one of the world’s fastest-growing regions
WSJ (1-13-2010) A Continent of New Consumers Beckons
at 9:04 AM