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  • 8 African nations are currently involved in serious armed conflicts. Africa also has 17

  • of the 20 poorest nations in the world and an Ebola outbreak. Yet despite all of that,

  • at the African Summit recently held in Washington DC President Obama announced a $14 Billion

  • dollar commitment to Africa from various US corporations. This isn’t money going toward

  • humanitarian aide or economic relief. It will be spent by US businesses to set up opportunities

  • and infrastructure with the sole goal of expanding into new African markets. So, is Africa a

  • poor war torn continent with huge problems like disease? Or is it the next boomtown for

  • savvy business people?

  • Well, it’s really not that simple. The economic standing and political stability of African

  • nations vary widely. There are places like the Democratic Republic Of Congo that have

  • been war torn for decades and are showing little economic growth. Right next to places

  • like Angola, which has had the same President since 1979, however corrupt he may be, and

  • is showing extreme growth.

  • Last decade Angola’s GDP grew at 11.1 percent per year, which is the highest growth of any

  • nation worldwide. This is partially due to their vast supply of natural resources. Partially

  • due to a large investment in Angola from China, to monetize those resources, developing a

  • healthy trade partnership along the way. And partially due to the fact that Angola’s

  • economy started at the bottom and had a lot of room to grow. Before stability reached

  • Angola in the early 80’s they were a war torn nation with no economic growth.

  • And that’s the thing about economic growth. Poor or war-torn nations with huge problems,

  • are the nations with potential for enormous economic growth. It sounds wrong and some

  • would argue that it is morally problematic, but it is a reality of the current economic

  • landscape. China has a recent history of investing in these types of nations and now their annual

  • trade across all of Africa is about $200 billion. That is almos t twice as much as the US and

  • it’s a gap that American businesses would like to close.

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8 African nations are currently involved in serious armed conflicts. Africa also has 17

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為什麼美國和中國都在投資非洲? (Why the US and China are Investing in Africa)

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    羅紹桀 發佈於 2021 年 01 月 14 日
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