Europe’s long-term economic growth is tied to frontier markets
Europe has all of the ingredients for reliable economic growth: a strong workforce of skilled and unskilled workers, a stable political climate, and an easy-to-navigate single market. The obvious question is why economic expansion is still stagnating — with only 0.5% estimated growth in 2023, as reported by the European Commission). The more interesting question is how to address it. The answer is that Europe’s long-term economic prospects will not be created by intra-European initiatives alone but instead on growing relationships with rapidly expanding frontier markets like Africa. Important,...