Articles tagged Brazil

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Africa borrows on the open market

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The decades when the continent couldn’t raise major funds on ordinary commercial markets are over, but there are still worries about over-indebtedness.

by Sanou Mbaye

The nations of sub-Saharan Africa, in the post-independence euphoria of the 1960s, wanted to end the international division of labour under which they exported raw materials and imported manufactured goods. They diversified their More >

Pièce de 5000 fcfa en argent

Liberating Africans from the CFA “franc” trap

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Nowadays, African countries are wooed because they are perceived as the spearheads of the world economy. The Economist, the English weekly newspaper, predicts that in the next five years, seven out of ten fastest growing economies in the world will be in Africa: Ethiopia (8.1 per cent), Mozambique (7.7 per cent), Tanzania (7.2 per cent), Congo (7.0 per cent), Ghana (7.0 per cent), Zambia (6.9 More >

Africa Economic growth

Africa : Economic growth and sustainability

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Humboldt University Economic Forum

Berlin, 11 May 2011

I. INTRODUCTION

After four decades of sluggish economic activities, improved macroeconomic conditions, better business climate, political and currency stability, and a burgeoning middle class have triggered economic growth in many African countries. Telecom, banking, and retail are flourishing. Construction is booming. Foreign investment is More >

Africa's Winds of Change

Africa’s Winds of Change Return

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DAKAR – How did Ivory Coast come to this? After gaining independence from France in 1960 with Felix Houphouet-Boigny as President, the country became the world’s largest exporter of cocoa beans and a significant exporter of coffee and palm oil. Throughout the 1960’s and 1970’s, sizeable export earnings, combined with easy access to credit, fueled an economic surge dubbed the “Ivorian miracle.” More >

Chinese investment in Africa

QUESTIONS ON THE FUTURE OF CHINA-AFRICA COOPERATION

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China’s burgeoning relationship with Africa is being decried in some quarters, including western observers – and some Africans, too – as a new form of colonialism. Such criticism is largely misplaced. First, after having preached the globalisation tenet of economic liberalisation and free competition, the West cannot really grumble about being outbid by China in the race for natural resources in More >

OUCAN logo

Regulating China-Africa cooperation imbalances

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Oxford University China-Africa Network

The Oxford University China-Africa Network (OUCAN) with the support of the Economic & Social Research Council (ESRC) present

The Conference on “Chinese Investment and African Agency”

hosted by the Department of Politics and International Relations, University of Oxford 11-12 March 2011

Regulating China-Africa cooperation imbalances

By Sanou MBAYE 1

The More >

Currency War

Currency war : the stakes for Africa

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A weaker exchange rate makes a country’s exports cheaper, potentially boosting a key source of growth for economies battling to find growth, as they emerge from the 2008-2009 credit crunch and economic crisis suffering from chronically deficient demand. Global imbalances are on the rise again, as is the risk of protectionism. Western countries are battling to keep their exchanges rates low in More >

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CHINA-AFRICA COOPERATION – THE STAKES

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China-Africa Civil Society Dialogue : Development Challenges in Africa and the Chinese Development Experience

Beijing, P.R. China, October 18th -19th , 2010

For most of the past five decades African countries were locked out of international capital markets. As a result, they have largely been spared the twin woes of the 2008 financial turmoil and subsequent world economic downturn. The More >

AFRIQUE MONNAIE

Africa’s Misplaced Monetary Ambitions

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DAKAR – Sub-Saharan African is in the grip of currency-union mania. Regional groups of countries in eastern, southern, and western Africa are all giving priority to the idea of creating a monetary union. But haven’t we heard this all before in Africa?

Indeed, today’s enthusiasm for currency unions ignores the poor track record of previous attempts on the continent to establish them through More >

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Leveraging Africa’s Diaspora remittances

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There is something familiar about the tide of news about sub-Saharan Africa’s increased economic hardship in the face of the worst world financial crisis and economic downturn for decades. The tide flows through exactly the same conclusions of the UN and other multilateral Institutions, academics, NGOs and Civil Society experts on Africa’s issues. They stretched to include the most alarming More >

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