- Posted December 2, 2013 by
St. Louis, Missouri
This iReport is part of an assignment:
Johannesburg: South Africa’s powerhouse
AFRICA-Integration vs A Multi Country Future
Drivers of growth will be within the small and medium sized business sector when the borders are lowered and the existing barriers to free trade and services expire. According to most global economists, it will take considerable effort to create a macro-economy worthy of investment.
Existing banking facilities may open the way to bridging the gap. The development and growth strategy will be driven by a resourceful and unique evolution of financial services to meet the explosive potential of the future economy of business throughout the continent.
Free-trade is not widely recognized within the 54 existing borders governed by regulatory and political chaos. It will take a unified business approach towards opening the doors for trade and overall economic infrastructure development.
Mineral growth, telecommunications, new roadways, port development, airports, office buildings, retail stores, and the emerging middles class of many sovereign nations are creating the need for better state to state relations.
New trade and tax laws between states and regions can open up investment options for those financial institutions that currently are looking at Africa state segregation as a hostile environment for their portfolios.
Africa, as a whole, is not typically on the radar of most global investment firms. It remains the subject of disjointed political interests and little common effort. It does, however, represent one the few golden eggs of opportunity within the future of developing nations. It will not happen overnight, but the inevitable remains. Africa will emerge as a singular growth economy worthy of the interest of most investors.
About the author: Mr. Freeborn is an international award winning business development professional. His network encompasses 100+ countries with more than 2,000 business contacts worldwide. He has authored four books on international business, small business development and internship programs.
Mr. Freeborn is a frequent contributor to iCNN Reports.
Author: John M. Freeborn