Struggling hard for extending the trade internationally
The continent which was once a severe depiction of poverty and lack of food combined with basic necessities of life missing, is now striving hard to reach the point where stability to some extent is being administered. There are now many countries apart from South Africa that are straightening up their matters to take part in the global trade and take it to the track of development and advancement. In the past, only 5 countries had stock markets and now 16 of them have established stock markets individually in the sub-Saharan region.
Where the rest of the world is seeing a downfall in economy, one may think that how nay one be can interested in investing Africa stock markets. But this is not the case, instead the investments have risen since last few months and they are still going upwards.
How Global Trade Influence Living Standards:
Why a country should open its borders for international trade and why take this hectic job. When a country starts trade globally, new opportunities starts to open. They are not in the shape of jobs, the access to new products and ways become available. Services can be exchanged not only in the shape of new technologies also in respect of banking and trading documentation.
Same has been happening in Africa. As global access to new services and products become possible Africa is improving itself gradually. Also the student exchange program that result from the regional trade depicts a total new image of a country. The educated class of Africa is presenting Africa in a totally new way and the International community is building faith in investing. Still it is a long way to go for Africa but in the present circumstances at least the signs are showing off.
Why to Invest in Africa:
There are some very simple and straight forward reasons for why the international community should invest and increase trade in Africa. One reason is its rich soil which can produce some very tasty foods and by introducing projects for agriculture one can benefit from it. This will not only benefit on local basis but it will also increase global trade. Another reason is its richness in minerals and chemicals, in which many countries are interested for their use. As Africa has an international language in most areas and their way of doing business also tally, the European countries find it easy to adjust. Although the factor of risk is there, but then, risk is a part of business.
What is the reason of growth?
The main reason of growth is the growing middle class in Africa. The consumer spending is increasing as the middle class is contributing more and more. The analysis shows that even the minerals and resource demand do not give that much GDP as this investment by this class. And on the other hand which stops all the advancement and development process is the factor of corruption, lack of infrastructure and government instability. Despite of being rich in natural resources, this vast land cannot prosper due to these serious issues.
