COLUMN: IS AFRICA PERFORMING BETTER THAN LATIN AMERICA?
Just when Latin America is waking up to the fact that China, India and Central Europe have surpassed it in the global race for investments and economic growth, they may soon have to add a new region to the list -- Africa. Only months after United Nations figures showed that Africa's economy grew faster than Latin America's last year, a new report from the World Bank shows that Africa -- while still behind in overall business friendliness -- has overtaken Latin America in a ranking of world regions that have shown the most progress in creating a good business environment. Read the full column here. Your comments?
posted by Andres Oppenheimer at 8:39 AM
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7 Comments:
from: Paul Thorsen
PThorsen240@aol.com
That's right, Africa has a good business environment. Maybe our legislators will then wise up and offer French language schools. French and English, the 2 world languages. And also mandate an hour of Mandarin Chinese and Japanese language instruction every day for our elementary school kids. It's not up the the USA to learn the languages of any people forcing their way into the USA. Learning a foreign language is for being able to communicate with the outside world, not for being able to communicate with a people who have forced their way into the USA and vow they are here to stay.
Andres, Thanks to give us the possibility of express our opinion.
To reach the development Latin America countries has a lot of job to do, reducing burocracy, investing in education and principally supporting its own producers.
Chile, an example for Latin Americas countries, spent more money supporting its producers than attracting investment. In fact, they are very professional exporting goods and capitals.
Greetings
Ruben P.
Rosario - Argentina
from: Paul Thorsen
PThorsen240aol.com
naponhit, everyone is afraid to invest in Latin America because you people always end up stealing the business ("Nationalization"). And your judicial system is a total farce. That's why nobody wants to invest in Latin America.
May I ask a question about Sunday's column? Did the rankings you referred to take into account the added costs/liabilities of the rampant corruption in Africa?
While this is occasionally a problem in some latin countries, when my partners and I tried doing business in several west African countries several years ago, we found that the "government service" types were far more interested in the economic gains available to government officials than they were in furthering the public's interest. We eventually left Africa in frustration.
Is this facet of doing business ignored in the data you refer to - or has Africa made strides in combating this problem in the last few years?
I adored Africa, as I do most latin countries - but the unabashed corruption there was just too disheartening for me to continue...
Thanks for your insight....
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