Analysis & Opinions - CNN

Asian Interest Means Africa Needs New Economic Vision

| August 31, 2011

Marketplace Africa

Note

This op-ed was reprinted on September 3, 2011, by the Daily Nation (Kenya) as "Africa's Solution to Asian Interests."

In a much-publicized statement apparently aimed at China, during her recent visit to Africa U.S. Secretary of State Hillary Clinton warned against a "new colonialism in Africa," where it was "easy to come in, take out natural resources, pay off leaders and leave."

While these concerns require attention, Africa's most important challenge is to reconstruct its relations with the rest of the world through its long-term economic objectives.

China's trade with Africa was worth $10 billion in 2000 and is projected to exceed $110 billion in 2011.

India too has significantly increased its presence on the continent. India's trade with Africa was $3 billion in 2000 and is projected to rise to $70 billion by 2015....

Continue reading: http://www.cnn.com/2011/OPINION/08/31/juma.africa.economic.vision/

For more information on this publication: Please contact the Belfer Communications Office
For Academic Citation: Juma, Calestous.“Asian Interest Means Africa Needs New Economic Vision.” CNN, August 31, 2011.