BUAD 647
More China, Less Bono is the Prescription
April 3, 2013
Source: http://africa.chinadaily.com.cn/weekly/2013-03/22/content_16335831.htm
Summary and Background Historically, African nations have been treated with little respect or regard in the global community. European nations have invaded the African continent and manipulated their legislative laws that not only limited the freedom of the African population indigenous to a particular country, but they have monopolized the natural resources. In the end, after the European nations ended their controlling reign, many African nations were left in serve poverty, along with civil and political unrest. Other western nations, like the United States of America, have displayed Africa to be a charity case, along with not including the African nations in international global community decisions. More and more there is a country that is coming to the continent of African and taking a favorable likening amongst nations; this country is, China. China is using foreign direct investment in every corner of the African continent. An international author, Dambisa Mayo, believes that China investment in the African continent is the best remedy for African nations still feeling the negative influence of post-westernization control. China has noticed the needs of Africa in areas like infrastructure projects, better schools, economy rejuvenation, and job creation. She argues that Chinese investments in infrastructure, such as road and airport construction, have shown another path, but African leaders were wrong to see this as the fruits of a state capitalism model to be followed. Also, China has developed and enhance different project throughout African and has not expected anything in return. China has focused on trade, job creation and infrastructure build-out, which is really the hallmark of Western capitalism, however China is willing to teach African nations how to do the same activities
April 3, 2013
Source: http://africa.chinadaily.com.cn/weekly/2013-03/22/content_16335831.htm
Summary and Background Historically, African nations have been treated with little respect or regard in the global community. European nations have invaded the African continent and manipulated their legislative laws that not only limited the freedom of the African population indigenous to a particular country, but they have monopolized the natural resources. In the end, after the European nations ended their controlling reign, many African nations were left in serve poverty, along with civil and political unrest. Other western nations, like the United States of America, have displayed Africa to be a charity case, along with not including the African nations in international global community decisions. More and more there is a country that is coming to the continent of African and taking a favorable likening amongst nations; this country is, China. China is using foreign direct investment in every corner of the African continent. An international author, Dambisa Mayo, believes that China investment in the African continent is the best remedy for African nations still feeling the negative influence of post-westernization control. China has noticed the needs of Africa in areas like infrastructure projects, better schools, economy rejuvenation, and job creation. She argues that Chinese investments in infrastructure, such as road and airport construction, have shown another path, but African leaders were wrong to see this as the fruits of a state capitalism model to be followed. Also, China has developed and enhance different project throughout African and has not expected anything in return. China has focused on trade, job creation and infrastructure build-out, which is really the hallmark of Western capitalism, however China is willing to teach African nations how to do the same activities