Tuesday, February 14, 2012

Africa has, in the recent past, emerged as one of the final frontiers of the global rush for commodities.

Africa has, in the recent past, emerged as one of the final frontiers of the global rush for commodities. Whether it is the traditional commodities like oil and copper or new minerals like coltan, whether it is rich agricultural land or biodiversity, Africa is again the centre of global attention. What is significant is that the “emerging powers” like China and India are also leading contenders in this new phase of the race for Africa, along with the older imperialist powers of Europe and North America. What is also different this time is that a few African countries have emerged to take on the mantle of “representing” Africa on the global stage. South Africa, the continent’s largest economy, is the pre-eminent power in Africa and its global presence is underlined by its membership of such bodies as the Group of 20 (G-20) and the India-Brazil-South Africa (IBSA) forum.

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