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Level 5

Since: Jan 12

Location hidden

#1 Jun 11, 2012
Seriously, The Economist has just described it as the "hopeful continent". McKinsey report referred to African economies as "Lions on the move." The World bank wants to unleash Africa's potential:
. The Wall Street Journal believes USA needs to tap into Africa's potential: http://online.wsj.com/article/SB1000142405311... .

With all this momentum, do you think Africa is on its way to beat USA and become the most dominant economy in the world?

Level 6

Since: Jun 08

DC

#2 Jun 11, 2012
DeeQueen wrote:
Seriously, The Economist has just described it as the "hopeful continent". McKinsey report referred to African economies as "Lions on the move." The World bank wants to unleash Africa's potential: http://www.youtube.com/watch?v =eA-Ene4nJscXX. The Wall Street Journal believes USA needs to tap into Africa's potential: http://online.wsj.com/article/SB1000142405311... .
With all this momentum, do you think Africa is on its way to beat USA and become the most dominant economy in the world?
Africa is thriving but will hit a big wall due to their ongoing genocide. World leaders won't allow Africa to be the headquarters of finance dominance. Africa doesn't have enough big markets to offset The United States, let alone China. Especially with China being Africa's biggest export. Simply put, Africa only has so much resources.

“Professor of”

Level 6

Since: Dec 11

Primatology

#3 Jun 11, 2012
It will if it's ruled by non-Africans.

Chinese anyone?

Level 5

Since: Jan 12

Location hidden

#4 Jun 11, 2012
Swade wrote:
<quoted text>Africa is thriving but will hit a big wall due to their ongoing genocide. World leaders won't allow Africa to be the headquarters of finance dominance. Africa doesn't have enough big markets to offset The United States, let alone China. Especially with China being Africa's biggest export. Simply put, Africa only has so much resources.
I have to correct you on the point concerning genocide: Africa has 54 sovereign states, and we are looking at one or two countries where that was the case.

Aren't Africa's markets the USA, Europe and Asia, won't we be seeing increased exports into those markets quite soon? China is contributing to that effect, apparently.

Level 5

Since: Jan 12

Location hidden

#5 Jun 11, 2012
Sock it wrote:
It will if it's ruled by non-Africans.
Chinese anyone?
Sock it, do you believe African's are incapable of steering their economy to world dominance? I am asking this in view of for example thousands of Africans educated at top universities in the world, who seem like a major resource when it comes to leadership and pushing the continent forward

“Dont Play With Me”

Level 4

Since: Jun 11

Location hidden

#6 Jun 11, 2012
Yeah, Africa's middle class is growing. Im so happy for them :)

Level 6

Since: Jun 08

DC

#7 Jun 11, 2012
When you have epidemic such as the Kony ploy, it will cast an already ongoing negative image on mindless killings. When selling your resources, perception of social morality is ever so prevalent. What's going to become interesting is Africa's rich resource of oil. How government officals manage that transaction will be the true stepping stone to Africa's true potential in wealth.
DeeQueen wrote:
<quoted text>
I have to correct you on the point concerning genocide: Africa has 54 sovereign states, and we are looking at one or two countries where that was the case.
Aren't Africa's markets the USA, Europe and Asia, won't we be seeing increased exports into those markets quite soon? China is contributing to that effect, apparently.

“Professor of”

Level 6

Since: Dec 11

Primatology

#8 Jun 11, 2012
DeeQueen wrote:
<quoted text>
Sock it, do you believe African's are incapable of steering their economy to world dominance?
Yes. That's exactly what I'm saying. Too much incompetence, strife, corruption, disease, etc....

The continent of Africa is beautiful and full of resources though. No doubt about that.

Level 5

Since: Jan 12

Location hidden

#9 Jun 11, 2012
Swade wrote:
When you have epidemic such as the Kony ploy, it will cast an already ongoing negative image on mindless killings. When selling your resources, perception of social morality is ever so prevalent. What's going to become interesting is Africa's rich resource of oil. How government officals manage that transaction will be the true stepping stone to Africa's true potential in wealth. <quoted text>
So the point you are making is on the central role of governance in ensuring progress. What would you see as the potential solution to poor/bad governance and resource management structures across Africa? What could be done to ensure competitiveness/success of the continent within the global system?

Level 5

Since: Jan 12

Location hidden

#10 Jun 11, 2012
Sock it wrote:
<quoted text>
Yes. That's exactly what I'm saying. Too much incompetence, strife, corruption, disease, etc....
The continent of Africa is beautiful and full of resources though. No doubt about that.
What do you think ought to be done in order to neutralize or get rid of these issues?
Ramsan

Elizabeth, NJ

#11 Jun 11, 2012
Before Africa can truly accomplish real economic growth and prosperity, she must first remove her post traumatic colonial past by removing all non Africans as so called friends and allies. Africans need only a united Africa for Africans by forming a centralized bank for all of Africa, thereby in essence creating a United States of African Republics, under one currency, one common business language, and one army and elite force mechanism to protect infrustructure and sovereignty. The World Bank and The International Monetary Fund have never worked for the interests of the African people. Finally recognize that neither Europeans nor Arab nations have had a positive impact on Aficans.

“Professor of”

Level 6

Since: Dec 11

Primatology

#12 Jun 11, 2012
DeeQueen wrote:
<quoted text>
What do you think ought to be done in order to neutralize or get rid of these issues?
The violence must end first and foremost. I know that is easier said than done but investors will not drop money down in a war zone.

Level 5

Since: Jan 12

Location hidden

#13 Jun 11, 2012
Ramsan wrote:
Before Africa can truly accomplish real economic growth and prosperity, she must first remove her post traumatic colonial past by removing all non Africans as so called friends and allies. Africans need only a united Africa for Africans by forming a centralized bank for all of Africa, thereby in essence creating a United States of African Republics, under one currency, one common business language, and one army and elite force mechanism to protect infrustructure and sovereignty. The World Bank and The International Monetary Fund have never worked for the interests of the African people. Finally recognize that neither Europeans nor Arab nations have had a positive impact on Aficans.
So you are looking at the integration of Africa on many levels then. More like the USA and EU models. The likely problem though would be to do with the official languages. Then again, where would be the headquarters located?

Level 5

Since: Jan 12

Location hidden

#14 Jun 11, 2012
Sock it wrote:
<quoted text>
The violence must end first and foremost. I know that is easier said than done but investors will not drop money down in a war zone.
I think this is a valid point. However, not all of Africa is a war zone. Think South Africa, Ghana, Namibia, Botswana, Tunisia, etc.
kibs

Louisville, KY

#15 Jun 11, 2012
Africa will never top white men countries. Keep dreaming delusional fools.
windspirit

Dallas, TX

#16 Jun 11, 2012
Oh heck, the ignorance, they're comparing a country to a continent? lol

None of the countries in Africa have the necessary infrastructure to become an economic powerhouse. Communication is key, from phones and Internet to roads, trains and planes. A growing economy needs these things to ship resources, commodities and people from one place to another, no point having gold, oil or diamonds in a part of a country that is remote from population centers is it? In early economies you can get growth of maybe 10% but it is not sustainable without infrastructure.

You also need stable countries, governments and economies, Africa have them in a small minority. It is a country where often military power becomes government, and the people oppressed, especially minorities.

Anyone remember Idi Amin? Uganda wasn't doing too bad as a country, then he took it, expelled practically anyone who wasn't of his desired ethnicity - and totally fcked the economy. Africa is full of people like that.

Even when there is 'democratic' government it is often 'stolen' and corrupt, like Mugabe, How many African politicians could you trust with billions of oil money? Because you know that in Africa it is going to be the governments that 'run' the oil business.

Also as someone said earlier, genocide, Africa IS a violent continent, no two ways about it. Even in non-Muslim countries women are subject to abuse, with rape not even considered a crime in many. Historic ethnic squabbles, that lead to massacres, historic ethnic practices like eating Pygmies.

Personally I find it sickening that a place like Africa, with all that resource and potential still has, still needs foreign aid to feed itself and treat curable diseases. What is wrong with that picture? Millions dying from drought, disease and famine, things that money CAN address.

Africa has resource enough to, if spent wisely, feed, cloth and house all its people and feed and water them. IF things go right, then maybe Africa can be a successful place for humans, after 200,000 years of trying, BUT deep down and feel that in 10, 50, 100 or more years, millions of Africans will be dying of drought, starvation and curable disease, while a top 1% get fat and lazy living billionaire lifestyles.

TBH, other than technological knowledge Africa has space enough and resource enough to be isolationist, with massive internal economies, very little external trade could be needed, they could keep the wealth internal - but that needs time and patience and yet again, selling off the family silver may give them short term money in the pocket - the top 1% that is - but long term, shouldn't it be spent on infrastructure and keeping its people happy?
windspirit

Dallas, TX

#17 Jun 11, 2012
DeeQueen wrote:
<quoted text>
So you are looking at the integration of Africa on many levels then. More like the USA and EU models. The likely problem though would be to do with the official languages. Then again, where would be the headquarters located?
The EU model would be closer but even that is a nightmare, most countries having a different 'official' language and EU governance being run from more than one location.

The size of Africa would be more suited to regional areas of many countries but how would you start? Geographic boundaries and languages are everywhere, and we have seen what happens to minorities in some countries already.

I think that really the diversity of religion, culture, language and environment makes it almost impossible to have any kind of 'unified' Africa, and a unified Africa would be an amazingly powerful entity. It will never happen though.

“Professor of”

Level 6

Since: Dec 11

Primatology

#19 Jun 11, 2012
DeeQueen wrote:
<quoted text>
I think this is a valid point. However, not all of Africa is a war zone. Think South Africa, Ghana, Namibia, Botswana, Tunisia, etc.
Good point.
Faith

New Baltimore, MI

#20 Jun 11, 2012
The only brief moment in human history that Africa had anything that resembled a civilized society was during the Colonial Period. Before and since, the entire continent is awash in chaos and bloodshed on a monumental scale. The rest of the world has become so desensitized to the brutality and slaughter that we don't even notice or care anymore.
Faith

New Baltimore, MI

#21 Jun 11, 2012
The Third Reich wrote:
GAddafi was going to turn the whole system around and Change Africa for ever with the AMF, Sattelite, and killing the Dollar and Euro.
But you seen what the Zionist scum Nato did to him.
Right...right....By "Zionist scum"...you mean his own people.

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