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Broadman, Harry G
CESifo forum, 2009, Letnik: 10, Številka: 4Journal Article
The underlying economic landscape in much of Sub-Saharan Africa has fundamentally changed over the past decade and a half. For the first time in Africa's modern economic history, a large portion of the continent has been registering uninterrupted economic growth. This record of economic performance is indicative of the fact that an increasing portion of Sub-Saharan Africa is presenting significantly profitable opportunities for new investments and/or expansion of existing investments. Multinational corporations from countries in the South, most notably China and India, have been far quicker to appreciate - and to capitalize on - these changes than have their counterparts from the North (Broadman 2007). In fact, not only have Chinese and Indian firms, but also Brazilian, Middle Eastern, and Russian businesses have begun to substantially increase their investments in Africa (Broadman 2008). These investments are all occurring despite the fact that there is a deeply held perception that Africa is a highly risky, if not a dangerous, place to do business. PUB ABSTRACT
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