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Africa: Can Africa throw capitalism a lifeline?
"It is my firm belief that Africa represents the next global economic frontier, and I am not alone in that assessment." So said Johnnie Carson, assistant secretary of state for African Affairs, to the US House foreign sub-committee on African Affairs on 17 April 2012. Carson is not alone in expressing growing optimism about Africa. As he also noted, the World Bank’s projection of economic growth rates for Africa during the next two years is between 5% and 6%. This exceeds the figures expected for Latin America, Central Asia or Europe.