| ID | 089088 |
| Title Proper | Africa's Capitalist Revolution |
| Other Title Information | Preserving Growth in a Time of Crisis |
| Language | ENG |
| Author | Kapstein, Ethan B |
| Publication | 2009. |
| Summary / Abstract (Note) | In one of the great ironies of history, Africa may well emerge from the current global recession as the only region in the world that remains committed to global capitalism. While the tired industrialized nations of the West are nationalizing their banks and engaging in various forms of protectionism, Africa remains open for business -- promoting trade, foreign direct investment, and domestic entrepreneurship. Analysts in the industrialized countries are concerned that foreign aid flows to Africa might drop because of the recession, but Africans themselves are much more worried about rising barriers to their exports and diminishing private investment from abroad, which could impede the continuation of the impressive economic progress the continent has made over the past decade. |
| `In' analytical Note | Foreign Affairs Vol. 88, No.4; July/Aug 2009: p119-128 |
| Journal Source | Foreign Affairs Vol. 88, No.4; July/Aug 2009: p119-128 |
| Key Words | Africa's Capitalist Revolution ; Preserving Growth ; Time of Crisis |