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International Business MNG4804 ASSIGNMENT 2 2. Critique the proposition that draws a strong relationship between financial market efficiency and business development. Discuss whether or not it applies to the major economies in Africa. (20 marks)

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International Business MNG4804 ASSIGNMENT 2 2. Critique the proposition that draws a strong relationship between financial market efficiency and business development. Discuss whether or not it applies to the major economies in Africa. (20 marks)

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Table of Contents
............................................................................................................................................. 1
1. Trace the functionality of Africa’s four largest financial markets over the past three
decades and juxtapose the performance of the markets with growth. (20 marks) ...... 3
2. Critique the proposition that draws a strong relationship between financial market
efficiency and business development. Discuss whether or not it applies to the major
economies in Africa. (20 marks) ............................................................................. 7
3. You have been recently appointed as a manager of a South African beverage
company which plans to expand operations in Tunisia (which is part of North Africa).
Explain, in detail, how you will take the economic implications of various religious
beliefs in Tunisia into consideration. (25 marks) .................................................... 13
4. Examine the international strategies available to firms operating across borders in
terms of their underlying characteristics and merits, and clearly elucidate the
circumstances in which each of these strategies would be most appropriate. (15
marks) ............................................................................................................... 17
References......................................................................................................... 20




1. Trace the functionality of Africa’s four largest financial markets over the past
three decades and juxtapose the performance of the markets with growth. (20
marks)

The Changing Economic and Political Dynamics in Africa

Over the last thirty years, many African countries have undergone notable, though
often inconsistent, shifts in their economic and political landscapes (Abugre, 2020). In
the post-independence period, some nations, such as Kenya, adopted ideologies like
African Socialism. This approach was characterised by a dominant public sector,
numerous state-run enterprises, and protectionist measures, including steep tariffs on
imported goods, aimed at promoting self-reliance. Although initial progress was
observed particularly in the agricultural sector by the early 1990s, signs of economic
stagnation had begun to surface.




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