can greed save africa?
Posted by jonathan - 05/12/07 at 05:12:31 amThe most recent business week cover story covers the age old international development subject of the potential for greed to save africa. There was nothing ground breaking here, but this quote sparked my curiosity.
Yet such risks are tempered by Africa’s economic idiosyncrasies, which, counterintuitively, might be its biggest selling point. As markets become ever more closely linked, investors are scouring the globe for assets that don’t move in lockstep with those in the rest of the world. Mainstream emerging markets such as Brazil and India now track 70% to 80% of the market movements of the U.S. and Western Europe, up from 50% a decade ago. Frontier Africa, in contrast, tracks just 10% of emerging market moves and even less of developed markets.
What is the implication of a completely globally connected economy? Does the current free market love fest have some consequences? Only our kids might know.
2 Comments »
RSS feed for comments on this post. TrackBack URI
Leave a comment
Powered by WordPress with GimpStyle Theme design by Horacio Bella.
Entries and comments feeds.
Valid XHTML and CSS.
People need to go to India (Mumbai) and walk around to really see the city. They will also have their growing pains in the future. I have not been to Africa.
The economy for goods is more open but it is not for individuals to work freely around the globe.
Comment by Jgordon — December 5, 2007 #
I think I’ll finally make a trip over to India late spring. I do not really believe the cost
Comment by jonathan — December 22, 2007 #