Quote:
Originally Posted by W.E.B. Du Bois
I would say that I agree with the analysis of the article.
I do not agree with george's comment that China's exchanges with Africa will be a boon for Africa. It will mostly help China. China will get Africa's natural resources and access to Africa's markets. She will provide loans, which only help corrupt governments and will probably be squandered for Presidential palaces. African countries have little chance of penetrating the Chinese market, while China penetrates theirs.
I think the exchange probably hurts Africa a bit more than it helps.
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I was trying to speak in comparison as to what the US offers Africa. China offers economic gain, how each country utilizes that gain is the non-interference policy.
The US normally demands any trade agreement or development loan be met with adherence to US policy on governmental ideology, installation of US military facilities with complete disregard for local culture and ideology. Kind of an our way, one size fits all or the road offering as in the colonial days.
We're still in that nation building mode when limited natural resources are at stake, which common sense says should override our desire for economic imperialism.