August 31, 2012
How U.S. Can Out-Invest China in Africa
Alexander Benard, Christian Science Monitor
On her trip to Africa earlier this month, Secretary of State Hillary Rodham Clinton made the case for US companies as effective commercial partners that can help facilitate broad-based economic growth on the continent. “The days of having outsiders come and extract the wealth of Africa for themselves, leaving nothing or very little behind, should be over...” Ms. Clinton said in a speech in Senegal.
More than championing US-Africa cooperation, Clinton’s remarks can also be read as a thinly veiled swipe at China. Africa is indeed growing wary of Chinese investment, which presents an opportunity for US businesses. But in order to take advantage of this opportunity, Clinton must ensure that US diplomats become more effective advocates of the US private sector and...
TAGGED: China, Africa