ABSTRACT
Africa had fairly well negotiated the beginning of its integration into global networks, making the most from the lifting winds of globalisation in the 2000s. Growth reached unprecedented levels. The difficulties took hold a little later than the 2008 financial crisis, but globalisation finally caught up with Africa, with its disruptions, concerns and convulsions. The slowing of the motors of African growth, be they endogenous through the stabilisation of inflation rates and local currencies, the growth in investment in infrastructure, improved security in spite of the risk of terrorist attack, or exogenous – Chinese demands, the cost of raising debt, the supercycle in natural resource prices – makes more turbulence likely. The strong economic shocks created by the 2008 financial crisis continue to shift the centre of gravity of the global economy.
