Rato mentions rising commodity prices as a reason for Africa’s better fortunes as of late. I worry though what will happen when another global slowdown occurs–it may be happening right now as American demand slows down. Such a slowdown tends to cause commodity prices to fall; Africa needs a plan B in case this happens.
Trade Diversion 
Rato mentions rising commodity prices as a reason for Africa’s better fortunes as of late. I worry though what will happen when another global slowdown occurs–it may be happening right now as American demand slows down. Such a slowdown tends to cause commodity prices to fall; Africa needs a plan B in case this happens.