Kadhaffi is a big idiot. Libya has so much Roman, Greece and Berber monuments, they have Roman cities but no tourists because there is no accomodation and tourists still need visa.No doubt, heck even though they have Africa's highest HDI, it's still inferior to Mexico for example. They've slowly opened up a tourist industry but their not following the Egyptian, Tunisian or Moroccan example of allowing masses of people to come in. Instead appealing to the very wealthy demographic. Which is a shame considering the large amounts of Greek and Roman ruins.
No doubt, heck even though they have Africa's highest HDI, it's still inferior to Mexico for example. They've slowly opened up a tourist industry but their not following the Egyptian, Tunisian or Moroccan example of allowing masses of people to come in. Instead appealing to the very wealthy demographic. Which is a shame considering the large amounts of Greek and Roman ruins.
Which countries will emerge as the "African Lion" Economies
Why not? Nigeria, Algeria and Angola are oil countries and are among the largest in Africa.a oil countrie can not be the "African Lion"
because their economies are dependent on oil or GazWhy not? Nigeria, Algeria and Angola are oil countries and are among the largest in Africa.
Then there are very few "African Lion" countries in Africa...Not because I hate those oil countries (I have spent quite abit of time in Nigeria) but I think that an "African Lion" economy suggests tat like the Asion Tiger economies, a multi-faceted, diversified economy that because of stable management and governmen is able to raise the standard of living for the majority of people.
Most African countries are dependent on one thing...so what is the difference?because their economies are dependent on oil or Gaz
They can not resist to the global crisis
I do not think that Nigeria is a country emergingFrom the last World Economic Forum 2008, the emerging market nations that were of interest from Africa were Egypt and Nigeria (If we are to leave out South African which has already emerged). The basic things they used to measure these economies were mainly growth, returns, progress in trade volume and prices, foreign returns, stable government and infrastructure(which were the major hurdles for Nigeria to fair behind the others as an emerging economy),etc factors.If we are going to go by emerging economy factors my list would look like this:
1. Nigeria (Largely due to the regional market strategy and consumer population)
2. Egypt
Well to be perfectly fair, Nigeria is just as dependent (if not more) on oil than Algeria. Oil accounts for 40% of Nigeria's GDP compared to Algeria's 30%. However it is true that proportionally Algeria's export earnings are more oil derived than Nigeria.From the last World Economic Forum 2008, the emerging market nations that were of interest from Africa were Egypt and Nigeria (If we are to leave out South African which has already emerged). The basic things they used to measure these economies were mainly growth, returns, progress in trade volume and prices, foreign returns, stable government and infrastructure(which were the major hurdles for Nigeria to fair behind the others as an emerging economy),etc factors.If we are going to go by emerging economy factors my list would look like this:
1. Nigeria (Largely due to the regional market strategy and consumer population)
2. Egypt
These other nations can follow in this order:
3. Morocco
4. Algeria(If only it diversified its economy)
5. Angola
6. Kenya
yes we can. nigeria without oil was better and would be better. anyway, nigeria has such a large population that it does not expot as much because it consumes a lot, so it can be deceptiveI do not think that Nigeria is a country emerging
1.Nigeria is not a stable country
2. 2/3 of the population live below the poverty line
3.with 140 inhabitants Nigeria has important 20,000 vehicles per year Morocco and Algeria with 60 million inhabitants import 25 times more
we can not imagine this country without oil
I do not think that Nigeria is a country emerging
1.Nigeria is not a stable country
2. 2/3 of the population live below the poverty line
3.with 140 inhabitants Nigeria has important 20,000 vehicles per year Morocco and Algeria with 60 million inhabitants import 25 times more
we can not imagine this country without oil
Alex, the banking sector in Nigeria is far more ahead that those in Algeria and the Nigeria banks are booming. They buy a lot of banks in Africa and invest in other banks.Well to be perfectly fair, Nigeria is just as dependent (if not more) on oil than Algeria. Oil accounts for 40% of Nigeria's GDP compared to Algeria's 30%. However it is true that proportionally Algeria's export earnings are more oil derived than Nigeria.
