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by bobs_salsa
1089 days ago
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I think the major issue in this situation is that the loaned money effectively circulates back into Chinese hands, and all that the local economy gets in return is infrastructure that they will in a few years not be able to maintain or develop due to a lack of skill or resources. So not only are none of the locals profiting from these projects, but more importantly no one is learning and developing the skills to construct and maintain the new infrastructure and services in the region. This play by China (even if unintentional) is extremely predatory as it only makes the country more dependant on China. In an ideal circumstance China would manage these projects while training and developing local talent to help develop the local industries. Only then do I believe would these deals be beneficial for Africa in the long run. So you might believe these project are improving the local regions at the present, but I would be really interested to hear if you still believe so in 10 years. |
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