FASTEST-GROWING ECONOMIES “Economics is not theology,” Mr - TopicsExpress

FASTEST-GROWING ECONOMIES “Economics is not theology,” Mr Clinton said. “If you’re running a country, you’ve got to try to create an opportunity for all of your businesses to be competitive.” According to the African Development Bank, the continent is home to six of the world’s fastest-growing economies. A decade of steady growth has created a middle class with increased spending power. Other nations, most notably China, have been moving aggressively to tap into growing African markets. China surpassed the US as Africa’s largest trading partner in 2009. “We also realise we have some catching up to do,” said Mr Michael Bloomberg, the former New York City mayor and a billionaire businessman. “We are letting Europe and China go faster than the US.”

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