looking beyond borders

foreign policy and global economy

Archive for the tag “West Africa”

African Pirates Shift Coasts

The scourge of African piracy is shifting from the East Coast to the West. Although the attacks are taking a major toll on the global shipping trade, world leaders continue to play for time in the hope that it will be resolved locally.

Read Here – Der Spiegel

10 Things You Don’t Know About Africa’s Booming Economy

Africa is no longer the “lost continent” of popular imagination. The region has been growing rapidly for over a decade, the private sector is expanding, and a new class of consumers is wielding considerable spending power. And because of its young and growing population, the sky is the limit for future growth: Between 2010 and 2020, the continent is set to add 122 million people to its labor force. An expansion of this magnitude should set the stage for dynamic growth, but capturing this potential will require a change in economic development strategy. At its current pace, Africa is not generating wage-paying jobs rapidly enough to absorb its massive labor force, which will be the largest in the world by 2035.

Read Here – Foreign Policy

Post Navigation

%d bloggers like this: