Business Risks and Opportunities in Africa

This English essay analyzes the challenges and potential rewards of US businesses venturing into Africa. It highlights cultural differences, the experiences of Asian textile companies, the impact of AGOA, and the need for collaboration between US private sector and government to foster successful African expansion.

Running head: ENGLISH ESSAY
English Essay
Name of the Student
Name of the University
Author Note

1ENGLISH ESSAY
Summary of the article
The main talking point of the article centers round the risk taking while the business
organizations would try to expand into the African continent. It is to be believed that the private
sector in USA and the USA government should work hand-in-hand to overcome the odds and
establish successful firms in Africa. The cultures between Africa and America are totally
different and it is extremely important to bridge that gap (Kelsall).
However, some of the Indian and Chinese companies who focus on textiles industry have
decided to expand their business into Africa. Some Asian companies have already shifted their
business in Africa who has been very much benefitted from this step. The textiles industry has
developed quite a bit in the present time. The African countries have not been that much
developed that it can ship its products to the United States. There are around 6000 textiles
products that are produced in the African countries (Williams 203).
The difference between the African countries and America has to be bridged in order to
improve the situation. It is a matter of great concern that United States has a tradition of
disregarding culture in terms of the ‘Great Assimilation’. Most of the African countries have
not been benefitted from the AGOA. If the African countries desire to make an entry into the
global economy, they must understand the real actors in the Western world who control the
global economy. The setting up of AGOA can be considered a success only if the African
countries are supported by the US government and work actively by preparing new commercial
laws to support them (Williams 203).

2ENGLISH ESSAY
References
Kelsall, Doctor Tim. Business, politics, and the state in Africa: Challenging the orthodoxies on
growth and transformation. Zed Books Ltd., 2013.
Williams, Brock R. "African growth and opportunity act (AGOA): Background and
reauthorization." Current Politics and Economics of Africa 7.3 (2014): 203.