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by corporate_shi11 2372 days ago
It's important to look at the political component of our approach as well. The Western political-economic growth model for the third world - fostering democratic institutions while giving basic aid to the poor - is not productive from the perspective of nation building and wealth creation. Democracy is not conducive to growth for poor, diverse nations, especially those still deeply rooted in genuine tribalism as many nations in Sub Saharan Africa are.

While I fundamentally disagree with China's political model, we may have better luck in third world development deemphasizing democracy and focusing instead on rule of law, stability and cultural cohesion.

1 comments

I would say the approach should be more economical than political focused. Donation is very socialistic way needs no accountability from donation receptors, while business deals require responsibilities from both side and have risks attached. In fact China doesn't care about the political system. Ethiopia Happened to be a democratic country.