In October the IMF described a “two-track growth pattern” in sub-Saharan Africa. On one track are most of the 23 countries with sizeable exports of non-renewable commodities such as oil, gold or diamonds. These include Angola, Nigeria and South Africa. As prices for their exports sagged, their GDPs per person have dropped in the past decade. Most resource-rich countries have also been focused more on dividing the spoils of the boom years than on using the proceeds to build resilient economies.
Tag: Engage Africa
India’s ‘Engage Africa’ Policy: Changing Dynamics
Indian foreign policy is constantly evolving and adapting to the changing global landscape. India has updated its foreign policy towards connecting eastern and western countries, Act East and Look West. Africa is the focal point of India’s Global South Policy.