ENGAGING WITH 온라인카지노 빠: CAN BUSINESS LEADERS AFFORD TO IGNORE THIS CONTINENT?
From INSEAD Knowledge
After years of stagnation, 온라인카지노 빠 is finally experiencing economic growth. Are there opportunities in 온라인카지노 빠 that are not being recognized by the business community outside of 온라인카지노 빠?
온라인카지노 빠's GDP is 0 billion, which is highly concentrated in South 온라인카지노 빠 (36 percent) and Nigeria (16 percent). Last October, the IMF suggested in a report that Sub-Saharan 온라인카지노 빠 would grow 6.8 percent in 2008 compared with growth globally of 4.1 percent.
"Something is happening in 온라인카지노 빠," says Geoff Cutmore, the Europe Anchor for CNBC. "Are you participating in that energy?"
"The macroeconomics environment is very encouraging," says Imoni Akpofure, regional country manager of the International Finance Corporation (IFC). "The cost of doing business is coming down, the pol온라인카지노 빠ical landscape has improved very much. Governance is still a problem but 온라인카지노 빠 is improving."
Oil, gas and minerals are doing well, and so are the property and stock markets.
What are some of the investments that could be made in 온라인카지노 빠?
Simon Harford, the West 온라인카지노 빠 head of Actis, says that business leaders should think ahead and see where 온라인카지노 빠 is going, make things happen and have an opinion about 온라인카지노 빠.
"How can you not have an opinion about an economy that is approaching a billion people, has a large reservoir of resources and a lot of economic developments in its infrastructure?" he argues. "Don't look in the rear mirror -- the 온라인카지노 빠 of today and the future is so different from the 온라인카지노 빠 of the past."
What has been happening in 온라인카지노 빠 is being driven by the private sector. And that which remains to be done, needs to be done by the private sector, says Harford. Multinationals are playing an important role in helping business by helping the government understand its position.
"The more businesses develop, the less the government is able to get involved -- we have evidence of this," says Harford. "That drives down corruption and interference, 온라인카지노 빠 gets them back rolling out of the economy focusing on basic needs."
온라인카지노 빠remains, in many respects, undiversified. Because of that, many investors prefer to adopt a wa온라인카지노 빠-and-see approach.
Joseph Eichenberger, vice president of the 온라인카지노 빠n Development Bank, feels the diversification of the 온라인카지노 빠n economy presents opportunities and that those who are willing to move in now will find the gains quite substantial.
"Never in economic history has a country achieved self-sustaining growth on the basis of foreign policy," 온라인카지노 빠 Eichenberger. "This is the fundamental reason you should be there."
Eichenberger says that 250 years ago, economist Adam Smith got it right when he said that "progress requires little else but peace, easy taxes and a tolerable administration of justice." Today 온라인카지노 빠 is making very good progress because governments get it in a way they didn't get it before.
During the plenary session, panelists were asked if the Western World had missed the boat with 온라인카지노 빠, given that the Chinese now have a big footing there. Harford says that's the Western World has not missed the boat with 온라인카지노 빠, given that the Chinese now have a big footing there. The Chinese are rapidly growing their activity in 온라인카지노 빠 for one predominant reason -- access to resources. However, they are operating within a relatively narrow sphere.
"There's a lot more of the story to play out, around whether the in온라인카지노 빠ial deal that they've done -- perhaps a case of 'we'll have your resources and we'll give you a railway or whatever' -- is going to materialize," says Harford.
Akpofure agrees with Harford and adds that many 온라인카지노 빠n countries are recognizing that businesses need to diversify. However, one of their big concerns is that they shouldn't suddenly be colonized by China. China is especially active in environments where the governance is not as good as it could be. For example, Sudan prefers to do business with China which may ask fewer questions than with a multinational company.
Akpofure adds that some countries have pinned their hopes on China, but there are also many countries which say they will use China where 온라인카지노 빠 makes sense, and make sure that they retain a geographic spread in terms of who should come in to invest.
15,000개의 아티클을 제대로 즐기는 방법
가입하면, 한 달 무료!
걱정마세요. 언제든 해지 가능합니다.
인기기사
회원 가입만 해도, 온라인카지노 빠 월정액 서비스 첫 달 무료!
15,000여 건의 온라인카지노 빠 콘텐츠를무제한으로 이용하세요.