Africa has a reasonable chance to survive the current financial crisis less bruised than some other parts of the world. The continent has been damaged by excessive regulations and conservatism of African banks, such as controls on foreign exchange and unusually limited foreign ownership of banks, in the past, but these factors may now be working in its favour. Africa will feel the effect of the crisis eventually. The demand for Africa’s oil and minerals will probably decline, so will foreign capital and aid money.
Margarita Wilson
1 opmerking:
Fine topic - coherence could be better
Put 'In the past' at the start of the 2nd stce
Start 3rd stce with 'Nevertheless, ...'
'and so will ...'
Een reactie posten