Category Archives: Africa

Searching for “breakout nations” in the emerging markets

Book Review: Breakout Nations, by Ruchir Sharma (2012). During the 2000s, almost all emerging markets experienced strong economic growth. However, the global forces that enabled such broad growth are running out of steam, and only some developing countries will continue … Continue reading

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Africa’s new oil and gas finds: the good, bad, and the ugly

They say money can’t buy happiness. But what about a billion barrels of oil? Recently, a series of spectacular oil and gas finds have been announced in several East African countries, including Ethiopia, Kenya, Uganda, Tanzania, and Mozambique. In just one … Continue reading

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East Africa: the next gold rush?

An article in this week’s Economist brings to attention the surge of oil and gas finds that are now happening in East Africa, almost seemingly on a daily basis. These discoveries have the potential to attract billions in foreign investment … Continue reading

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Corruption: which countries are changing?

Emerging markets have done exceedingly well in terms of economic growth over the last 10 years. As I mentioned in my last post, it stands to reason that some of these high-growing countries would have made strong progress to greater transparency. Transparency … Continue reading

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Psst… care for a zero-rupee note?

Concern over corruption has surged in India in recent months. Although corruption is nothing new to most Indians, a series of recent high-profile scandals have been particularly galling. These include a multi-billion dollar alleged telecoms scam, alleged financial malpractices in connection with the 2010 … Continue reading

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Social media’s rising clout in emerging markets

Much has been said of the importance of social media to the protests taking place across the Middle East. Protest organizers were able to use Facebook to promote demonstrations to a much larger audience than they could have otherwise. Once revolutions were … Continue reading

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South Africa: where will the jobs come from?

South Africa has among the highest unemployment rates in the world. The official unemployment rate is 24%. But another statistic is even more depressing: approximately 42% of young people between the ages of 18 and 29 do not have a job. So … Continue reading

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