Dr. Shantayanan Devarajan says that the root causes of the crisis have nothing to do with Africa but with the “overall macro economics in developed countries".
One impact of the crisis has been on African tourist industry where many countries are dependent on it. In some countries, earnings from tourism account for the highest proportion of total foreign exchange earnings. As tourist traffic to Africa falls, e.g. to Kenya and after the post-election violence in 2008, many businesses had hoped that 2009 would be better. This has not happened.
Q: How has this affected youth and employment in African countries ?
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