Writing
Read the following extract and then post your comment. How do you foresee the future economic situation of these countries?
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Mixed results "Africa today is a continent on the move, making tangible progress on delivering better health, education, growth, trade and poverty-reduction outcomes," said Gobind Nankani, the World Bank vice-president for the Africa region. The bank's African Development Indicators report highlighted the extreme diversity of economic achievement in Africa. On one hand, Zimbabwe's economy shrunk by 2.4% in 2004 - while Equatorial Guinea's economy surged 20.9%. But the report also noted that inflation on the continent was down to historic lows, and that the region had managed to weather the impact of higher oil prices in recent years. On a more negative note, the bank said foreign investment in the continent was just $10.1bn in 2004 - only 1.6% of global foreign investment - and that more than 50% of the funds were spent in Nigeria and Sudan. The report also highlighted the difficulty of starting a business in many parts of Africa - taking, across the continent, an average of 64 days. « Source: BBC News » |
AFRICA FACTS Highest per capita income - Seychelles ($8,190) Biggest economy - South Africa (GDP of $152bn) Largest population - Nigeria (128.7 million) Lowest total life expectancy - Botswana (35 years) Greatest HIV prevalence - Swaziland (33% of 15-49 year-olds) « Source: World Bank» |
Forum activity
How can the world’s economic leaders “restore economic confidence”?
Create groups of four to brain storm and then post your reflections on the possible solutions to the current world crisis.
Restore economic confidence #76289
BY AREND VAN DAM, 3/25/2010 12:00:00 AM
Source: http://www.politicalcartoons.com/cartoon/706b24ae-d928-4749-8a83-18be1a2951ad.html
