Developing countries as the new global growth engine Contribution to world GDP, PPP growth Source: IMF (2010)
New optimism in Africa
The Economist, 6 February 2011
Sub-Saharan Africa in 2011 has an unprecedented opportunity for transformation and sustained growth Verdsbanken Reasons: – Sustained economic growth since the nineties – Stability, democracy – Robust economic reforms – Increased revenues from exports of natural resources – Increased consumption
Shares of emerging and traditional partners in Africas trade (in percentage) Source: OECD Development Centre calculations based on ComTrade Data
Sources of African FDI inflows Source: UNCTAD, OECD
Distribution of Africas total trade with emerging partners (2009, in percentage) Source: OECD Development Centre calculations based on ComTrade data.
Shifting Wealth, OECD, 2010, p. 74
Shifting Wealth, OECD, 2010, p. 88
Copyright: Martyn Davies, Frontier Advisory However, new dependency?