1. The continents economic growth is coming from other places -- services, industry, agriculture, etc. 2. Many African governments have become better at managing the inevitable booms and busts of commodity markets with policy tools such as Sovereign Wealth funds. 3. Theres still a lot of room for improvement in creating an all encompassing developmental state --- Africa is far from a world-beating economic hub; it has huge pockets of grinding poverty and is still the continent most dependent on commodity exports.
Posted on: Thu, 15 Jan 2015 19:59:58 +0000
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