Wednesday 31 July 2013

Global look on the African economy

Today more and more people are thinking of getting into business. But I wonder if they really thought about the hard work and countless hours they have to put in for their venture to survive. Some successful people will tell you about the 10 000 hours they had put in for their business to run. But business today has changed, big players are taking larger and larger position of the market share than you can think of. The world's economy remains in the those countries that have long been in the game for centauries. Even with the entry of new player like India and Japan fighting for a slice of this badly bitten pie there is still room for new players on this field.

Africa has a major role to play in the up coming markets. South Africa as a major contributor to the African economy is still ranked 25 from it's GDP by Wikipedia. Now how can Africa compete with these ever growing titans who hold the world economy with their tight clinched fist.
One way is to empower the youth of Africa by challenging them to become produces for the outside countries. Foreign capital is much needed for the growth of this continent. But not capital that comes as investment for foreigners to build infrastructure, capital that comes in a form of income from produced products. I wonder why more and more people are leaving the continent with their skills taking them overseas instead of using them here wisely because this is the most fertile market of the 21 century.

If we really thought about there is nothing that this African continent does not have, when coming to natural resources. The only advantage that this overseas countries have is the massive use of computer and the Internet. So for those who have a chance to produce product I say to you, sell your products to the international markets and invest in the infrastructure on this continent. There is billions of untapped dollars in the infrastructure of this continent which is being taken advantage of by foreign companies.

Related topics

Leading economies

Future of economy 2020

Africa upcoming markets

Rise and fall of giant companies

Infrastructure on Africa

Investment for Africa

Digital Africa

 

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