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Folly Beach Library
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Edgar Allan Poe/Sullivan's Island Library
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Wando Mount Pleasant Library
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Village Library
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St. Paul's/Hollywood Library
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McClellanville Library
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Hurd/St. Andrews Library
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Africa's Capitalist Revolution.
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![loading](/sites/all/modules/hf_eds/images/loading.gif)
- Author(s): Kapstein, Ethan B.1,2
- Source:
Foreign Affairs. Jul/Aug2009, Vol. 88 Issue 4, p119-128. 10p.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: The article focuses on the capitalization and democratization of the African continent. It states that in the 1990s Africa's population began to move into cities and as of 2009 over 30 percent of Africans live in cities. It comments that the urbanization of Africa has been crucial for encouraging economic development and breaking down patrimonial and tribal relationships. It mentions that use of cell phones is helping farmers sell their crops for greater profit by gaining access to market prices quickly. It states that Africa's banking sector has been sheltered from international financial markets and thus avoided many economic downturns and toxic assets. It talks about foreign investments in Africa and on the growing trend toward protectionism in Europe and the United States.
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