May 4, 2009
Foreign Aid and Corruption in Africa
Francis Fukuyama, Slate
Between 2002 and 2008, sub-Saharan Africa started growing again, buoyed like much of the rest of the world by the global commodity boom and Chinese investment. Thus ended one of the most dismaying periods in the continent's recent history, a generationlong stretch during which most countries in the region saw per capita incomes fall, sometimes to levels not experienced since the end of colonialism.
The turnaround signals the possibility of new opportunities for Africans, yet the past year's astonishing drop in commodity prices as a result of the global recession suggests how fragile that upswing is. Nor is it clear that a political corner has been turned. The growth years have seen the outbreak of a horrific war in the Democratic Republic of Congo that has claimed more than 5...
TAGGED: Angelina Jolie, Wangari Maathai, Jeffrey Sachs, Bono, William Easterly, Robert Mugabe, Africa, sub-Saharan Africa, Darfur, Zimbabwe, Uganda, DEMOCRATIC REPUBLIC of Congo