Category: Policy Review
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Unveiling the Absurdity: The Reality of Foreign Assistance and Investment in Africa
Africa defies conventional thinking; abject lack amidst tremendous mineral riches and natural resources. Investing in and supporting Africa is a noble cause, but the campaign has become an arena of the absurd-the blind leading the clueless. The record of foreign direct investment or assistance to Africa is one of abysmal failure. People on the continent…
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China’s Economic Partnership with Africa: Opportunities and Challenges
There is an ongoing battle in Africa for a share of the continent’s lucrative and enticing economic opportunities. Emerging economic powers such as Brazil, Russia, India and China are making their case for a share of Africa’s vast and rich natural resources. One of these emerging global powers is China, which has doubled its investment…
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Critique of World Bank and IMF: Effects on Global South Economies
The World Bank and the International Monetary Fund (IMF) were created by leaders of the 44 nations of the Bretton Woods conference. The World Bank was responsible for financing long-term productive investment in member countries while the IMF was to provide loans to overcome short-term balance of payment deficits. The leaders feared an unregulated global…
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Africa’s Economic Future: Investment Trends and Strategic Alliances
More than a century after the Berlin Conference when Africa was carved up by major European powers, it appears a new scramble for the continent is underway-this time for a share of the continent’s enticing economic opportunities. Investment interest in Africa is at an all time high, global business leaders are discussing how the continent…
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Africa’s Oil Wealth: Good Governance and Development Challenges
In Africa’s oil producing countries, only a tiny fraction of the revenue is used to fight poverty, and in many cases “black gold” has become a hurdle to development. Oil in Africa lies at the center of questions of good governance and development, as oil prices and revenues soar but fail to bring better living…
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Africa’s Oil Wealth: Good Governance and Development Challenges
In Africa’s oil producing countries, only a tiny fraction of the revenue is used to fight poverty, and in many cases “black gold” has become a hurdle to development. Oil in Africa lies at the center of questions of good governance and development, as oil prices and revenues soar but fail to bring better living…
Global Politics Today 