Word: africa
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...producing with the World Economic Forum (WEF). "Best Countries for Business" offers a formidable combination of resources: the globe's most prestigious business organization linked with the planet's best journalists to report on the heated competition among nations for investment. Alex Perry and Zoe Eisenstein file from Africa on the disparate development of Mauritius and Angola. In Denmark, Justin Fox analyzes the country's success amid high tax rates. Asia hand Kathleen Kingsbury examines China's push to land R&D labs. Latin America expert Tim Padgett assesses the surprising economic strength of Argentina, Brazil and Chile. And business...
...French accent reflect the European culture of his adopted home on the Indian Ocean island of Mauritius. His children are at college in Perth, Boston and, soon, London. And his $200 million-per-year business is a microcosm of globalization in action. It buys raw cotton from Asia and Africa, ships it to Mauritius, spins it into yarn and makes it into clothes designed in-house. Those are shipped to retailers in Europe, Asia and the U.S. "We have to import all our raw materials, and we are very far from our customers," Woo says. "So the challenge is clear...
...miles (4,800 km) to the west, in the Angolan capital Luanda, another entrepreneur, Adérito Cassolongo, faces far tougher prospects. As a young man, he taught himself English and wangled a job with the U.N. Then, with a civil war raging, he caught a plane to South Africa, where he slept rough on the streets of Pretoria before becoming a boxer and earning $30 a week. In the evenings, he taught English to other Angolans, then built his own computers from spare parts and used them to set up a computer-training school. Today Cassolongo's company, Cassca Technologies...
...African entrepreneurs; two very different stories. Together they illustrate the promise and pitfalls of business on the world's second fastest-growing continent. Africa? That's right. In October, the IMF predicted that sub-Saharan Africa's real GDP will grow 6.75% in 2008, versus 7.2% in Asia, 3.2% in Europe and 1.9% in the U.S. Growth rates in several African countries evoke the Asian tigers of two decades ago, prompting keen international interest. In October, London-based New Star Asset Management announced the creation of a $200 million Heart of Africa Fund...
...first white contacts in the 18th century, there were perhaps half a million of them divided into hundreds of tribes, speaking mutually unintelligible languages, thinly scattered across the vast hot skin of Australia. They lived by hunting and gathering. These seminomads were, even by the lowest standards of Africa or the Americas, almost incredibly low tech. They had fire, sticks and stones, and little else. Yet their traditional oral culture is of great antiquity; their structure of myth is remarkably coherent and continuous across millenniums, not just centuries; and as anyone can see who visits some of the sacred cave...