GLOBAL ECONOMY
SA is uniquely placed to help Africa shape its future
In a world looking increasingly inwards, Africa will need to make its own opportunities, writes Kingsley Makhubela
Changes in the global landscape require emerging markets to consider how they must shape their future. Many countries in the developed world have focused their efforts and resources inwards as a result of challenging economic times. There is a danger that a shift away from emerging markets will negatively affect the global economy’s ability to grow. This would not bode well for Africa, given its growing integration into the global economy in recent years. To mitigate this, Africa must take steps to secure its own share of global economic growth and African citizens must sustain the economic growth of the continent. The greatest opportunity to realise its growth potential is often overlooked — Africa’s ability to trade and do business with itself. What is required is an inward and outward strategy acting in tandem — outwardly cementing Africa’s place in the global economy through foreign investment and improved trading links while internally driving the integration of regional trade....
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