Word: consumerized
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Top-level meetings between China's leaders and their African counterparts have been occurring at the frequency of at least one every month. What is Beijing up to? When China declared 2006 to be the "Year of Africa," hosted 48 African nations at the annual 2006 China-Africa summit and...
While India is seen as a potential mass-consumer market in the future, statistics for Africa (if treated as one entity) are remarkably similar. For example, the African economy has been experiencing similar growth rates to India's of 6% to 7% over the past decade, and will likely see...
Vijay Mahajan, author of Africa Rising, says there are 50 million to 150 million economic élites in Africa with similar spending power to middle classes in the West. More importantly, there are 350 million to 500 million people in the African aspirational classes - from households with stable jobs - that...
There are weaknesses to Beijing's great plan. For example, cheap Chinese goods flooding the continent sacrifice African jobs, sparking a backlash against the Chinese presence. Corruption is serious, institutions are weak and political risk in various African countries remains high, meaning the possibility of social and economic breakdown is...
The Coca-Cola Company offered the American Academy of Family Physicians a six-figure grant through the AAFP’s new Consumer Alliance program, but a Harvard School of Public Health professor has called for the group to return the money.