Africa as a new potential of the global economy

Title: Africa as a new potential of the global economy
Issue: Vol. 7, No 2, 2014
Published date: 20-09-2014 (print) / 20-09-2014 (online)
Journal: Journal of International Studies
ISSN: 2071-8330, eISSN: 2306-3483
Authors: Aleksandra Milczarek
Keywords: Africa, economic development and growth, demographic trends, international trade
DOI: 10.14254/2071-8330.2014/7-2/13
Language: English
Pages: 152-160 (9)
JEL classification: J11

This article takes up an attempt to confirm the hypothesis, that potential of Africa impacts on its future socio-economic development and is a potential source of econom- ic benefits for investors and exporters from the European Union and other countries of the world. The article discusses the GDP growth changes in the years 2000-2012 and demographic changes that have been evaluated for the construction of a future strong position of this continent. Africa is becoming a significant equal partner and participant in the market process, also shown by the volume of international trade and the influx of foreign direct investments to Africa in recent years. Quantitative data, comparative method and description method have been used to analyse the problem in this article.