From Fin24 (South Africa), about the Zambian-born moderate-conservative economist: "'The current economic situation is bad for the rest of the world, but good for Africa,' she said."
The article continues: "Due to its isolation from global investment, the continent has largely escaped the debt crisis and budget deficits which characterise other economies. 'I used to say it was a great disservice that Africa was not engaged as a global partner,' she said, 'now I’m grateful, in a way, because it means economic growth will be driven from here, as we are not facing deleveraging.'"
Dr. Moyo ain't done just yet: "Sub-Saharan Africa is expected to grow at 5.4% this year and 5.3% next year, according to the International Monetary Fund. Africa will be among the top-five regions for growth, after China and India, during this period. 'And yes, I know Africa is not one country, but they (investors) do think of Africa as one conglomerate. This is why it’s so essential for large economies, such as South Africa, Nigeria and Ethiopia, to get it right. The rest of Africa won’t go anywhere if people think the large economies can’t get it together,' she said."
More: "Africa has spent too much time looking to Europe and the US, to its own detriment. It needs to focus on new partners, such as China, she said. 'As my mother said, it’s important for a girl to have more than one suitor,' said Moyo. Governments also need to focus on regional opportunities, as small economies such as Zambia’s will not be able to compete alone, she advised."
Dambisa Moyo Discusses Africa's Economy
