The African growth model based solely on foreign aid has so far not delivered the promises it was hoped to deliver. Actually, it has done more harm than good.
Tag: open access
Foreign AID feeding oppressive regimes in Africa
We have being arguing that an open access to western markets is more in the African interests than aid. This article by Prof Mariam is the exact reason why foreign aid alone is not the way forward for Africa. KAM Feed them and bleed them Prof. Alemayehu G. Mariam “Western donors continue to hand out… Continue reading Foreign AID feeding oppressive regimes in Africa
Africa Needs an Open Access to Western Markets, Not Aid
For decades African governments have largely depended on Western donors to fund everything from community latrines to public universities. Admittedly, some societies could not have survived to this day had it not been for foreign aid. The African growth model based solely on foreign aid has so far not delivered the promises it was hoped… Continue reading Africa Needs an Open Access to Western Markets, Not Aid
Turkish PM: Africa needs trade more than aid
In his address to EU-Africa summit held Monday in Libya, Turkish Prime Minister Recep Tayyip Erdogan said that African countries need trade, investment, technical and scientific cooperation more than assistance. Erdogan is the guest of honor at the summit meeting. We find this encouraging because last week we presented an article proposing a shift from the AID… Continue reading Turkish PM: Africa needs trade more than aid
The Currency wars: when two elephants engage in a wrestle fight…
Currency wars between powerful nations may have a negative effect on fragile economies such as those those in Africa