How can I get out of the African Trade Gap?
Africa is the largest continent and most densely populated region in the world.
The continent’s largest continent, Africa has a population of more than 1 billion people.
While there are some areas that remain relatively unindustrialized and undeveloped, most of Africa’s land mass remains underdeveloped.
There are more than 3,500 African countries, and more than 30 African countries are members of the Association of South East Asian Nations (ASEAN).
In the last decade, the number of African countries has doubled from about 1,500 to about 5,000.
Africas growth is partly due to an influx of Chinese investment, but mainly due to China’s decision to liberalize trade and open its market to foreign investment.
“The trend is now to open up the markets and to allow the Chinese to be able to invest in the economy of Africa and to help develop Africa’s economy,” said John W. Davis, a professor at the University of the West of England and director of the Institute for Global Africa Studies.
For the past decade, China has been the top destination for foreign investment in Africa.
During that time, Chinese investment in African markets has doubled to more than $1.5 billion, and the number is expected to double again in the next 10 years, according to a 2015 report by the International Monetary Fund (IMF).
As a result of China’s policies, African governments have begun to make more investment in infrastructure, agriculture, education, health care and other areas.
But it’s not enough.
China’s policies are driving the growth of the continent’s black market, which is fueling corruption, and creating a cycle of instability, said Thomas Stokes, director of a project on Africa at the Center for Strategic and International Studies, a Washington think tank.
In Africa, the black market is a major source of income for corrupt officials and other people who profit from the illicit activity.
Black market profits and illicit activities are growing rapidly, and many of the black markets are now so large that they are threatening to overwhelm the financial system, Stokes said.
Stokes said the global financial crisis and the political and economic turmoil in the continent is the main reason that countries like Nigeria, Egypt and South Africa are considering cutting off their trade ties with China.
It’s time to reverse course, Davis said.
The continent needs a new strategy to address the African trade deficit and improve governance and economic growth.
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