African nations attempt to emulate Asian success model
Newscast Media BANGKOK—African states dream of emulating the Asian tigers and
become industrialized nations as soon as possible. But experts say that the so-called
“African lions” need more than high growth rates to achieve their goal.
The economies of Sub-Saharan Africa are booming. The World Economic Forum
estimates the economic growth rate of the region to be more than 5 percent in 2014;
growth in some countries, such as Nigeria and Ghana, is expected to be even higher.
Nigeria is now Africa’s biggest economy.
Affluent and consumer-oriented upper classes have emerged in many big cities, where
glass office towers dot the landscape. CONTINUE TO FULL STORY>>