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All seem to succumb Africa’s attractiveness

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Tuesday, 17 April 2012

All seem to succumb Africa’s attractiveness

According to an article by Ritesh Kumar Singh and Sudhakar Kasture, both experts in international trade,  the economic slowdown is leading the EU and the US to resort to non-tariff barriers, with the aim of restricting imports into their territories and protect local employment. As emerging economies such as India and China  continue to see growth in their manufacturing sectors, “resource-rich Africa” appears to be catching the attention of global players as prospective strategic partner.
The authors of the article notably state that following a remarkable improvement in the political and economic arenas, as well as in terms of urbanisation and consumption, Africa has gained the necessary credentials to be acknowledged as a profitable investment. “Gradually, Africa has stopped being considered as a dark continent and everybody wants a pie of the African market”, they stress.  

Source: Hindu Business Line