Scientific Papers


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ISSN: 2306-3483 (Online), 2071-8330 (Print)

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Africa as a new potential of the global economy

Vol. 7, No 2, 2014


Aleksandra Milczarek

Szczecin University,


Africa as a new potential of the global economy

Received: June, 2014

1st Revision: September, 2014

Accepted: October, 2014


ABSTRACT. This article takes up an attempt to confirm the hypothesis, that potential of Africa impacts on its future socio-economic development and is a potential source of econom- ic benefits for investors and exporters from the European Union and other countries of the world. The article discusses the GDP growth changes in the years 2000-2012 and demographic changes that have been evaluated for the construction of a future strong position of this continent. Africa is becoming a significant equal partner and participant in the market process, also shown by the volume of international trade and the influx of foreign direct investments to Africa in recent years. Quantitative data, comparative method and description method have been used to analyse the problem in this article.

DOI: 10.14254/2071-8330.2014/7-2/13

JEL Classification:  O55, O11, O40, F40, J11

KeywordsAfrica, economic development and growth, demographic trends, international trade