Africa's Fragile Triumph Over Global Financial Turmoil

Ian Bremmer, World Policy Institute | April 14, 2008

The rise of American philanthropy and foreign investment, as well as the need for raw materials are protecting Africa's frontier economies from international economic volatility. ++ Yet a slowdown in the US and EU could lead to the decrease of the significant cash infusion from immigrants. ++ And investors are undependable since they fear political turmoil in formerly stable Nigeria, Kenya and South Africa.