Friday, February 8, 2013

In Africa, U.S. Businesses Are Losing Out to China

By Stephen Hayes



Why aren't American businesses doing better in Africa?

I was recently asked by a news researcher to provide names of companies who have lost bids for African business to Chinese competition. The underlying concern is, why aren't American businesses doing better in Africa, and does the future of business in Africa, now the world's largest untapped market, belong to the Chinese, and if so, won't Africa necessarily gravitate politically towards a Chinese sphere of

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