Asia Times Online - China outwits the EU in Africa - by Bernt Berger
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China outwits the EU in Africa - by Bernt Berger
While China's business-first approach is undermining EU efforts to boost sustainability and governance standards, its investments have benefited African economies. China has increasingly regarded Africa as an opportunity, while Europe has long regarded the continent as a burden. In truth, both external development approaches are lacking, and neither can competently deal with rising issues on the continent alone.
China needs to consider the political dimensions of development. Focusing only on trade relations and government support can stand in the way of sustainable development, especially if governments remain ineffective and unwilling to reform. The EU, for its part, must revise its trade relations with Africa (including its own agricultural subsidies) and consider their crucial impact on locally owned development.
Labels: Africa, China, EU, Trade and Development
