Is Africa the Next China?
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I said from macro economic and investing point of view, we see Africa more like Europe and not China. The reason is simple: Europe is a continent with many countries, political systems and language. They are different but do share similarities in some some aspects of their cultures due to proximity. Europe also has smaller countries that due to proximity, can affect one another economically more easily than they can affect US or China. In that aspect, Africa is more aptly compare to Europe than China. China is one country with one political system. They are big enough as one country that the economy of nearby countries does not GREATLY affect them. (Some affect is inevitable due to the nature of global trading practices).
Africa as a whole has similar population to China. They both sit around 1.4B. The reason the news mentioned Europe together is not because they share the same currency. The currency is not the cause, but the result of Europe realizing that their economies are interdependent. The UK is always discussed together with Europe even though they always use pounds and not Euro. In the world of investment, we prefer to regions more often than individual country.
You did not seriously follow macro economics nor international investment or you must have known investors see EU as one not Europe and, UK was lumped together because it was a member of EU despite a different currency. Also, you can see investors lumped together a part of Europe outside of EU as CIS (former Soviet nations).
You can also see USA see SEA as one as we are loosely knitted economically and politically as ASEAN. Has Africa ever formed an integrated embodiment in some form?
As of now, Africa often is discussed as one just because it is scrapped. Whenever it is an economic discussion solely on Africa, the continent is always dissected into multiple parts.
In the US they lump Asians into one category, yet lumping Africa into one category here makes a bit more sense considering most are of the same race and of similar historical post-colonial background
USA has always treated Japan, India and China differently. No legit macro economist ever even see Bangladeshi and Indian economies as unified.
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Did you just compare Europe who looks like a speck next Afric in size ??? Africa is bigger than the US and china in both population and size also the reason the news refer to Europe's economy as whole because the continent uses the same currency which isn't the case when we talk about Africa so talking about the African economy as whole doesn't make sense
They still have a lot of similarities so the comparison is still valid.
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You did not seriously follow macro economics nor international investment or you must have known investors see EU as one not Europe and, UK was lumped together because it was a member of EU despite a different currency. Also, you can see investors lumped together a part of Europe outside of EU as CIS (former Soviet nations).
You can also see USA see SEA as one as we are loosely knitted economically and politically as ASEAN. Has Africa ever formed an integrated embodiment in some form?
As of now, Africa often is discussed as one just because it is scrapped. Whenever it is an economic discussion solely on Africa, the continent is always dissected into multiple parts.
That was what I was saying? What are you disagreeing about? Or did u meant I use Europe when I should have say EU?
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Chinese are much more united when comes to bringing the country together. Whereas the African continent that's harder because African tribes clash a lot.
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