Africa’s Immunity
In sub-Saharan Africa, there are few hints of the global financial crisis that is consuming the capitalist world. The region’s historical marginalization within the international financial system – so costly in times of global plenty – is proving to be an unexpected benefit when the wealthiest of the world are sick unto death.
ACCRA – The United States suffers rising job losses. Britain nationalizes its banks. Once high-flying small economies like Ireland, Hungary, and Iceland break down. Even robust China and India are experiencing slower growth, curtailed ambitions, and broken dreams.