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The Advent of a New 'Oil War' after Copenhagen
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African Economic Performance in 2004: A Promise of Things to Come?
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external factors, African economies still lack proper “shock-absorbers” to withstand internal (e.g. drought and
floods, political instability, HIV-Aids, etc.) and external (e.g. volatility of commodity prices and exchange rates)
shocks alike. They remain strongly vulnerable. In this context, creating the conditions for the development
of indigenous drivers of economic activity (starting with a thriving local private sector) is a top priority. |
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