Posts Tagged Africa
New Light on the Dark Continent
Africa has long awaited its moment in the sun. While its post-colonial dictators ruled with caprice, large exchanges with sophisticated financial instruments evaded Africa, limiting its economic progress. The Financial Times now reports that proposed new commodity exchanges will connect smaller exchanges and bring new liquidity to sub-Sahara.
Funding for Emerging Markets
A big difference between the current economic crisis and other post World War II downturns is that there are no safe shores now. In 1998, when the Asian financial crisis knocked emerging market economies there was still a great deal of liquidity in the World as well as plenty of markets for exports. This is [...]