"What we have seen is that when there is a shock to the economies in these regions, Africa gets hit straight in its face," said Ndikumana. "And diversifying the destination of its exports and the origin of its foreign capital inflows is a good thing for African countries."
Some economists are worried that such trade could stifle the development of manufacturing sectors in Africa, while also increasing what often is called the resource curse. The phrase refers to the paradox that many African regions have highly sought after natural resources, but often experience repeated political violence and extreme poverty.
READ MORE...
Showing posts with label West-AFrica. Show all posts
Showing posts with label West-AFrica. Show all posts
Wednesday, September 22, 2010
Subscribe to:
Posts (Atom)