A continent in midst of ‘seismic shift’

A continent in midst of 'seismic shift'

 

A spectacular increase in global flows into Africa and Middle East funds supports experts’ view that the economic balance of power is shifting as “frontier economies” increasingly drive growth.

The centre of economic gravity is shifting eastwards and southwards with “huge consequences” for the world we live in, according to John Battersby, the UK country manager for the International Marketing Council of South Africa. Speaking after a May international media forum in Johannesburg, Battersby said the global power balance was changing: emerging countries were more rightly called “high growth”.

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