Do you think Africa will achieve its promise as the next big emerging market within your lifetime?
Asked by
ibstubro (
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May 13th, 2016
In the 1970’s, it seemed like Africa was poised to become the next great emerging market. The continent was rich with resources and ripe of progress.
Nearly half a century later, the promise remains, but the progress is still elusive.
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Do you think Africa can break out of the cycle of poverty, war, and corruption in the near future and move the majority of the countries out of 3rd World Nation status?
If so, how soon and why?
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10 Answers
As soon as the warring states join into one big super power. Africa would be powerful if they can stop killing one another.
If they can crack the infrastructure and security nut they can be the next India. There is a race East for the lowest cost to make a t-shirt.
You just need to make sure supplies can get in unharmed and finished goods can make it out unharmed and labor is cheap as shit.
It can be done but not with dictators that are living great and don’t care about the populous.
Not in my lifetime. Maybe never, the way things are going.
As long as warlords, dictators and flagrantly corrupt shitbags run much of the continent, probably not.
It seems that the is perpetually a story somewhere extolling the virtues of the African bud ready to burst into full bloom.
For at least a half century.
I like to think Africa will become stable and prosperous, but I don’t expect to see it in my life.
Africa? The whole continent? Should we even think about this topic regarding an entire continent? A fairly big continent. Don’t we usually discuss things like this regarding countries?
@JLeslie
The global market often thinks in terms of broad regions rather that individual countries. And that’s not without basis, as what happens in one country often effects its neighboring countries.
Like the “Middle East” is a tidy little package of like-minded countries.
@ibstubro Exactly. Not all countries in a region, or on a continent, are alike in all ways. Look at Venezuela right now. I wouldn’t group that country in with the rest of South America economically. Or, Japan and Afghanistan.
No countries in a region, or on a continent, are alike in all ways, @JLeslie.
Yet it is sometimes useful to group them together for the sake of discourse.
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