[sah2ed]

> They have been very effective in reducing poverty and improving infrastructure in Africa.

I'm sure Joe Stiglitz, a Nobel prize winner in Economics, would disagree. In fact, he clearly articulated why in his book: Globalization and Its Discontents.

"[It] is a book published in 2002 by the 2001 Nobel laureate Joseph E. Stiglitz. The book draws on Stiglitz's personal experience as chairman of the Council of Economic Advisers under Bill Clinton from 1993 and chief economist at the World Bank from 1997."

[afpx]

That’s called the Appeal to Authority Fallacy.

[1] https://en.m.wikipedia.org/wiki/Argument_from_authority

[r00fus]

It's not really; Stiglitz actually worked at the World Bank - and wrote a book about it.

Another book to read is "Confessions of an Economic Hitman". Both describe essentially what both the USA and China appear to be doing - increasing global power and influence using subtler means than gunboat diplomacy.

[changchuming]

And your argument is just an anecdote. Now who would we trust more, a random stranger on the internet or a Nobel laureate?