Economic Development in Africa – Opportunities and Challenges
~ Elisabeth Tankeu, Commissioner for Trade and Industry, African Union, Addis Abeba
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Introduction:
The current development situation of Africa is paradoxical. Although it is arguably the richest continent in terms of natural resources, Africa remains the poorest and the least developed region of the world. The numerous problems accounting for this paradox can be resolved and Africa can emerge as a major global partner and actor and become a continent of opportunities. With an abundance of natural resources, a young and growing population, and a large potential market, Africa is the last global frontier that will follow the current emerging powers of China, India and South America. Concerted efforts on the part of African countries and international community can accelerate the process of Africa becoming global power and a continent of possibilities.
### How can economic growth be translated into sustainable poverty reduction and equitable social development, benefiting the population at large?
### What is needed to maintain the economic growth that Africa has experienced over the last years?
### What are the main challenges with regards to promoting the interests and possibilities of African business?
### What can African countries and organizations do to reshape the regulatory environment, creating a more investment friendly climate?
### What can the international community do in this regard?
Read article : http://www.regjeringen.no/nb/dep/ud/kampanjer/refleks/innspill/afrika/tankeu.html?id=533426
~ Elisabeth Tankeu, Commissioner for Trade and Industry, African Union, Addis Abeba
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Introduction:
The current development situation of Africa is paradoxical. Although it is arguably the richest continent in terms of natural resources, Africa remains the poorest and the least developed region of the world. The numerous problems accounting for this paradox can be resolved and Africa can emerge as a major global partner and actor and become a continent of opportunities. With an abundance of natural resources, a young and growing population, and a large potential market, Africa is the last global frontier that will follow the current emerging powers of China, India and South America. Concerted efforts on the part of African countries and international community can accelerate the process of Africa becoming global power and a continent of possibilities.
### How can economic growth be translated into sustainable poverty reduction and equitable social development, benefiting the population at large?
### What is needed to maintain the economic growth that Africa has experienced over the last years?
### What are the main challenges with regards to promoting the interests and possibilities of African business?
### What can African countries and organizations do to reshape the regulatory environment, creating a more investment friendly climate?
### What can the international community do in this regard?
Read article : http://www.regjeringen.no/nb/dep/ud/kampanjer/refleks/innspill/afrika/tankeu.html?id=533426
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