China: The Best Solution for Africa?
Had the pleasure of listening to Dr. Jeffrey D. Sachs, considered to be one of the leading economic advisors of his generation, as he gave a short talk on the modest subject "China and the World".
Quite refreshing to hear his thoughts on China’s involvment in Africa, arguing that it’s probably the best thing that happened to Africa in years. Why? Dr Sachs listed three challenges for Africa, where they can learn from China’s experience as a developing country.
Green revolution
Health revolution
Connectivity revolution
All these three fields are based on public investment. China’s development was based on the same three pillars. They turned the agriculture around, provided healthcare and have spent enormous amount of energy to connect all the regions in China. But for China, private investment and globalization was the final boost. Perhaps, Sachs argues, can China now provide this investment in Africa.Dr. Sachs also welcomed China’s involvement in Africa as healthy competition to Europe and the States, who both spent so much time in Africa without really achieving anything. Don’t shoot the messenger, that’s what the man said.
And you gotta listen to a guy who managed to turn a book entitled "The End of Poverty" into a major bestseller.
