Africa and its integration into the global economy - Benefits and risks

Thèmes abordés

Africa, Benefits and risks, Jacques Attali

Résumé du document

According to the economist Jacques Attali, "the 21st century will be the century of Africa." Does it mean that Africa will be the next gold mine? According to the World Bank, the share of Africa in world GDP would be 5.2% in 2014. Africa is also great potential (ability, possibility) as Mediapart says. To realize this potential, Africa needs to incorporate logic of development and improve its condition. The observation of the evolution of Western society, which has had happy hours raise concerns! Environmental conservation, human development, equity. What development model for Africa of tomorrow?

This document has no pretension of divination, but just a simple analysis. To address the problem posed, we analyze the different opportunities to Africa and study the consequences, we will see later in what possible directions for Africa.

Extraits

[...] Africa still can not set up a production program restricting imports. Or African currencies with low value on the international market, which upsets the balance of trade. There is thus an important output of the creation of added value. This is not the first time that Africa knows such a situation, in the 60s and 70s, there was a strong economic growth, but had a brake because of declining terms of trade on the global market. Africa-will pull out of such games this time? [...]

[...] Africa's population is growing. Assessing 1.11 billion in 2014, forecasts indicate a population of over 2 billion inhabitants in 2050. The economic theories show that there is a connection between population growth and economic growth. Indeed, mechanically, if there is an increase in the population, there is increase in labor. China is a country with abundant labor and cheap, the image of Africa at present. In Ethiopia, the monthly salary of some employees is $ 34 dollars a month. A large population is also a consumer market in the image of China, May with a low consumption of power. [...]

[...] Africa and its integration into the global economy - Benefits and risks According to the economist Jacques Attali, "the 21st century will be the century of Africa." Does it mean that Africa will be the next gold mine? According to the World Bank, the share of Africa in world GDP would be in 2014. Africa is also great potential (ability, possibility) as Mediapart says. To realize this potential, Africa needs to incorporate logic of development and improve its condition. The observation of the evolution of Western society, which has had happy hours raise concerns! [...]

[...] In the US, many times they had to monetary issues, regulation of inflation associated with substantial macroeconomic policies. These two regions are developing tools to better manage their finances. The same causes produce the same effects, should we fear for Africa? II. But which model to implement? Have a development potential as a preview of a movie. For the film to be a success it must be adequate preparation. Several levers must be operated to establish sustainable growth. A. Human development: Education: education, knowledge extension. [...]

[...] Infrastructure: communications (internet roads). Communications (roads, railways, air, internet) are an indispensable tool for development. They allow an expansion of trade goods and services, as well as exchange of knowledge and education. The multitude of documents on the web should help in some way an extension of knowledge. Certainly, we should find an equipment policy both in public places (schools, and others) than among individuals. CSR: corporate social responsibility, corporate social responsibility statements. The companies and the state have an interest in taking care of their employees, and fostered their social evolution. [...]