Africa In An Age Of Globalization

Abstract

The global markets continue to grow in developing countries. Global markets have created new businesses and provided opportunities for global employers and individuals in developing countries. Through globalization of economies, jobs have been created which reduce unemployment rates. However, economic growth rates in Africa have been lagged behind other developing countries. This paper examines the importance of global business to Africa. Also, this study explores how African countries can strengthen their macroeconomic policies and structural reforms in order to achieve globalization of their economies. In addition, this study evaluates the current state and future direction of globalization in Africa.