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jerryking : south-south   9

Emerging from the frontier
Nov 21st 2012 | | The Economist from The World In 2013 print edition | by Ngozi Okonjo-Iweala, Nigeria’s finance minister and co-ordinating minister for the economy

Africa’s growing economic ties with the BRIC economies, particularly China, are well known. As an example, the continent’s trade with China increased from about $10.6 billion in 2000 to $166 billion in 2012. In my own country, Nigeria, trade with China increased over the same period from less than $1 billion to $7.8 billion. In 2013 China will become the greatest influence on the continent as its new leaders deepen the strategic relationship with Africa beyond natural resources. At the same time, civil-society organisations in Africa will demand greater transparency from China in government-to-government relations, and more community engagement from Chinese companies.
Africa will become the next preferred destination for labour-intensive manufacturing

I see many opportunities here for private investors in Africa. As Asia’s economies slow and its wages rise, Africa will become the next preferred destination for labour-intensive manufacturing of products such as garments and shoes. Its large domestic market of 1.2 billion people will serve as a further attraction for low-cost, light manufacturing.
China  frontier_markets  emerging_markets  women  South-South  Africa  private_equity  BRIC  infrastructure  Nigeria  Ethiopia  Angola 
january 2013 by jerryking
Africa next: The quest for Africa’s riches - The Globe and Mail


Last updated Sunday, Sep. 30 2012
Geoffrey_York  Africa  Congo  globalization  emerging_markets  mining  South-South  BRIC  corruption  Renaissance_Capital 
october 2012 by jerryking
Emerging Investors in Africa: Africans -
Emerging Investors in Africa: Africans
As U.S. and Europe Scale Back Amid Global Crisis, Intra-Continent Investments Are on the Rise.

Even as overall foreign investment into Africa has contracted, a cohort of homegrown companies has mounted an unprecedented expansion drive. Investment between African countries has almost doubled in the past five years, to 13% of new projects started on the continent last year, according to a report on foreign direct investment released Thursday by the United Nations Conference on Trade and Development.

African companies are heading into the rest of Africa in an unprecedented investment drive that has cushioned a pullback from the West and signaled the emergence of homegrown multinationals.

The companies behind those investments are chasing high growth rates in fast-developing markets, many of them buoyed by resource exports. Oil in Angola and Nigeria, copper in Zambia and coal in Mozambique have each attracted tens of billions of dollars over the past decade. Over the period, the continent's supermarket chains, construction companies and banks have expanded rapidly.
Africa  FDI  South-South  commodities  South_Africa  Nigeria  investors  high-growth 
july 2012 by jerryking
Africa's Middle Class Seen Booming, But Risks Remain -
OCTOBER 13, 2011| WSJ | By PATRICK MCGROARTY. Fast Economic Growth Projected to Lift Continent but Risks Remain, Report Says.
Africa  middle_class  risks  south-south 
october 2011 by jerryking
[no title]
June 9, 2011 Globlogization |Thomas P.M. Barnett. Europe that
has lost ground to emerging south-south trade (emerging and developing
markets trading with each other)....Referenced from:

The relationship between China and Africa is complex and rapidly
evolving. Deborah Brautigam in her book "The Dragons Gift" dispelled
many of the cliches, stereotypes and myths that prevail in the Western
media. There is a lot of lazy reporting in the Western media about China
and Africa and she picked apart an article from "the Economist" that
was full of inaccuracies about China's role in Africa. (Please read her
blog article:

China  Africa  Thomas_Barnett  books  blogs  South-South  clichés  stereotypes  myths 
june 2011 by jerryking
Globalization 2.0: emerging-market cross-pollination
Oct. 1, 2010 |G& M| Chrystia Freeland. Globalization 1.0:
2-way exchange between west & east or north & south: E.g.
Western companies setting up call centres in India or mfg. goods in
China, China investing in U.S. T-bills, . Globalization 2.0: the
biggest deals & most important capital flows will be between
emerging mkts., without stopping over at Heathrow or JFK. ..Stephen
Jennings of Renaissance Group, a Moscow-based I-bank with ambitions to
be the premier provider for intra-emerging-mkt. capital flows. “MNCs’
advantages (know-how & capital) have been neutralized by an
inability or reluctance to grow explosively in complex, foreign
environments,” “In many emerging mkts. and in an incr. # of industries,
the mkt. leaders have local roots: metals ( Indian), aluminum (Russian),
fastest-growing & largest banks in China, Russia & Nigeria are
domestic.” Yet Western MNCs (e..g GE, Coca-Cola & HSBC) understand
the opportunity in emerging mkts.& agile in adapting to local
Chrystia_Freeland  globalization  emerging_markets  BRIC  capital_flows  Fareed_Zakaria  Renaissance_Capital  South-South  cross-pollination  frontier_markets 
october 2010 by jerryking
There's a New Silk Road, and It Doesn't Lead to the U.S.
August 5, 2010 | BusinessWeek | By Simon Kennedy, Matthew
Bristow and Shamim Adam
Trade routes ("the new Silk Road"—a 21st-century version of the trade
routes that crisscrossed Asia almost 2,000 years ago, linking merchants
in China to their counterparts in India, Arabia, and the Roman Empire)
bring Brazilian buses to Egypt and Chinese trains to the Mideast
emerging_markets  multinationals  state_capitalism  South-South  China  India  Brazil  Embraer  BRIC 
august 2010 by jerryking

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