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Is Africa The Next Frontier For Global Capitalism?

Is Africa The Next Frontier For Global Capitalism?

From Forbes

When it comes to emerging economies, China and India have received much of the spotlight. But this past week, African leaders gathered in the nation’s capitol to tell their story — one that suggests that, collectively, their countries can surpass the growth potential of much of the rest of the world.

In what has otherwise been a bleak economic time globally, Africa has experienced near 6 percent economic expansion. And that growth has come despite the fact that 600 million people on the continent lack access to electricity, which fuels any economic expansion. But that deficiency is all about to change as multinational corporations from around the world are either actively investing in the region or they are actively discussing that possibility.

 

Written by Ken Silverstein/Read more at Forbes