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Actually, the United States was mentioned, but only as a bit part as traditional second largest destination of African exports (after the EU). The article is about Africa, India, and China.


6 posted on 03/17/2008 6:38:52 AM PDT by Jedi Master Pikachu ( What is your take on Acts 15:20 (abstaining from blood) about eating meat? Could you freepmail?)
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To: Jedi Master Pikachu
Actually, the United States was mentioned, but only as a bit part as traditional second largest destination of African exports (after the EU). The article is about Africa, India, and China. Just some clarification. The majority of African exports to the EU and US are Oil and Gas. And these exports are restricted to a few countries like Nigeria, Gabon, Angola and Algeria. Apart from the Oil and Gas sector, the EU and US have shown little interest in other sectors (apart from probably Gold in South Africa). The Oil and Gas sector typically employs a few thousand people. So its impact on local employment is minimal (I speak from experience in Nigeria). Chinese and Indian investment is more diversified. The Chinese are Indians are more hungry for investment, less risk averse and are more willing to take smaller margins. Only the Chinese and Indians would be willing to invest in Hotel businesses in war torn Sierra Leone or Liberia. Their absolute numbers (in terms of trade) may be smaller, but their impact on local employment is higher and growing. (Also the rate of growth of investment is growing much faster than Western rates of growth).
10 posted on 03/17/2008 7:14:49 PM PDT by KingJaja
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