The latest IMF Finance & Development Magazine identifies eight sub-Saharan African countries (excluding RSA) as "emerging" economies based on a three set criteria : i) Has there been a take off in growth ? ii) Is that growth led by the private sector, and has public policy embraced market-led growth? and iii) Are there financial markets in which to invest? Zambia is among the eight. The conclusion as shown above shows that these new African "emerging markets" measure up favorably with first generation emerging markets.
Sunday, 7 September 2008
Africa's "Frontier Markets"
THEMES :
growth
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http://www.washingtonpost.com/wp-dyn/content/article/2008/08/28/AR2008082803534.html
ReplyDeleteI read the paper, and yea, they are similar to the first generation emerging markets. But then, I thought about continuity and sustainability.
ReplyDeleteAnd by the way, I wish your country all the best as they try to elect a new leader.
Thank you.
ReplyDeleteThe key is political convergence. We have seen already that now all Zambian political parties have embraced free market economics.