Mythundersthood
August 21, 2011 2:45 AM Subscribe
Why Africa is leaving Europe behind: Africans are relishing something of a reversal in roles. The former colonial powers in Europe are wrestling with debt crises, austerity budgets, rising unemployment and social turmoil. By contrast much of sub-Saharan Africa can point to robust growth, better balanced books and rising capital inflows. There is an opportunity in this novel scenario: for Africa to assert itself on the global stage, and for European countries to take advantage of their historic footprint in Africa by stimulating commercial expansion to their south. But it is far from clear either side will grasp it. Recently.
posted by infini (27 comments total)
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Europe has surrendered moral high ground as well as commercial dominance in Africa. But it is not too late to reverse that. On the former, at least, Europeans and Americans have remained by far the biggest donors during the famine, where African and emerging nation voices have been absent. On the latter, Africa’s economic recovery has only just begun.
posted by infini at 2:54 AM on August 21, 2011