Patrick Bond

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By Patrick Bond

January 1, 2013 – Links International Journal of Socialist Renewal

Either:

1) Africa owes its takeoff to a variety of accelerators, nearly all of them external and occurring in the past 10 years:

  • billions of dollars in aid, especially to fight HIV/AIDS and malaria;
  • tens of billions of dollars in foreign-debt cancellations;
  • a concurrent interest in Africa’s natural resources, led by China; and
  • the rapid spread of mobile phones, from a few million in 2000 to more than 750 million today.

Business increasingly dominates foreign interest in Africa. Investment first outpaced aid in 2006 and now doubles it.

Or: