November 26, 2006

Making "make poverty history" history

As expected, the 2005's "make poverty history" movement to "help" Africa faded away with no tangible benefits for Africans. Yet while the European and the U.S. governments keep stopping African products and people at the borders, China's trade with and investment in Africa are growing fast. This has helped the annual growth rate of sub-Saharan economies to jump from 3% to 5.8% in five years, and enabled more Africans to enjoy cheap Chinese consumer goods. Resilience Science has more, and quotes the good old New York Times lamenting the loss of U.S. influence over Africa and its oil reserves.

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