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Renowned Ghanaian Economist George Ayittey: 'Chinese Investment In Africa: Chopsticks Mercantilism'


China Sees No Evil, Hears No Evil In Africa
China sees no evil, hears no evil in Africa – precisely the kind of posture African dictators, tired of Western lectures, relish. But the problem is not China. It is African leaders who adamantly refuse to learn from their own history, which teaches that every foreign entity that goes to the continent does so to pursue its own interest.
In the early parts of the 21
st century, China became an important source of finance for African development. The continent s infrastructure was in disrepair; it had crumpled after decades of abject neglect and destruction from senseless civil wars. A substantial investment was – and still is – needed to rebuild this infrastructure. According to a World Bank Report (2009), the poor state of infrastructure in Sub-Saharan Africa its electricity, water, roads and information and communications technology (ICT) cuts national economic growth by two percentage points every year and reduce ....

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