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Strategies & Market Trends : ahhaha's ahs

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To: sixty2nds who wrote (20589)	2/1/2012 11:41:30 PM
From: frankw1900	Read Replies (1) of 24758

Empires disappear. Trade remains. When the Europeans came to Africa it was not part of the modern world, at all. Now some of it is. A good bit more of it wants to join up. Development in N America and Asia came from foreign investment, most of which came from the former colonial rulers, and we see the same process in Africa. The Lonrho efforts are part of it. There is a new factor, however, the Chinese have arrived over the last 10 years and spent billions in both tied aid and investment by entrepreneurs. How that will work out will be interesting because in some cases they make the archetypal ugly American look like the soul of tactfulness. Today I think Africa has the same sort of political risk for investors as East and SE Asia did about 40 years ago and the physical resources are possibly greater. There is probably more real investment - not aid, real investment - taking place in Africa now than at any time in the past and it's happening at an accelerating rate and some of it will pay off hugely for Africans and foreigners.

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