China and India, the ‘Emerging Giants,’ and African economic prospects
نویسنده
چکیده
(a) in the short term, Africa should use its increased income from ‘booms’ in ‘traditional’ exports (eg, commodities and minerals) to invest in basic needs and infrastructure, and enhance its industrial and technological capacity. This can safeguard Africa from fluctuations in prices and demand in the world market for ‘traditional’ exports, while helping to build its economic capacity and take advantage of shifts in future world demand towards manufactured goods and new services.
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