Monday, August 2, 2010

Korea has important lessons to teach Africa

What will be the benefits for Korea in investing in Africa?

There is plentiful low-cost labor and huge access to raw material imports like agriculture and minerals. Several countries also have open commercial environments where it will be easy to gain benefits in agreements with the governments. I want to stress that there is huge growth in consumer demand and the desire to buy high-quality consumer goods, such as cars, mobile telephones and personal computers. So why not assemble Korean mobile phones in Africa with low-cost labor? read more...

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