Asia's more buoyant economies could help cushion the effects of the West's credit crunch on Africa
If Asia's economic growth has offered African exporters a fast-growing
and lucrative market and its hyper-economies - China and
India - have become important sources of investment capital,
then this time the worst effects of the Western-based financial
crisis might not reach Africa. That supposition is based on the
premise that Asian economies are better placed to weather the
current storm than their Western counterparts. So far the signs
have been mixed; even within Western governments, there are fierce
arguments about the severity and depth of the recession....
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