@Bakare, You are right, and despite that Investors also flew in alot, creating job opportunities and cash flow. This may also be a reason why Africa didn,t feel the recession much.
You are absolutely right. Few part of Africa region who have been benefiting from direct foreign invest in the last few years do not even know whether recession exist aside banking industry. Normal business activities are even experiencing better growth.
@Bakare, I agree with you on that. Africa is so blesses with so many resourceses that are not available in other parts of the world and the reality of this is really coming alive now that shift is really taking place from bad government to good government
Thanks for that. If we are to generally and critically look at the current economic climate in the world, do you call for more business people to extend investment opportunities in those places - Africa and Asia?
In fact, Africa and Asia were the only continents that grew during the recent global recession. Though Africa’s growth rate slowed to 2% in 2009, it bounced back to nearly 5% in 2010, and in 2011 it is likely to touch 5.2%....
@hwong you feel positive though. Infact, the major difference between the developed and developing nations - responsible and sensitive government.
We may classified Africa nations as developing nations as well as under-developed.
In the past, few who were privileged and opportuned to pilot the political and economic affairs of this region haven't been sincere with reponsibilities lie upon them as leaders, and perhaps ensuring good protection of citizens of thier respective nations.
Nevertheless, as you are feeling so others people too. Because the vast uncountless of resources both in human and material that have been wasted in the last few years are now been transformed for economical use. Just a matter of time and successful management process.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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