re: What will it take for African countries to experience the same growth as China?

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Law & order, property rights,

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The correct answer. Many African countries are rife with corruption. WTO economists have been trying for years to help these countries. Until the corruption is dealt with, they’ll never economically grow.

NEVER

China is in Africa now, stealing their resources, especially the minerals. I was watching the Hebrew Israelite's on periscope, and they had videos of the Chinese moving in and taking everything and putting the people back in slave labor. Shutting down mines they now own or stole, to force them to take even less $ to work for them. Slapping around the African people when they come into their shops and steal/act up. Was interesting.

But i wondered why the HI leaders dress in purple and gold Mortal Kombat, subzero suits?

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The people over there haven’t evolved much above from tribalism. They live for settling scores and they a lot of scores to settle. The leader doesn’t simply want to get rich, he wants to kill and eliminate his rivals, even at the expense of his own success. Life means nothing over there. Property means little over there. It’s all about who is stronger . And , in today’s age , “stronger” means who has the bigger guns. Alpha Male lions don’t team up. They kill each other to establish dominance . This is very similar to the people over there.

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You just summed it up and did it without sounding like an evil white man, if you are in fact an evil white man.

I just googled "does china get oil from Africa" and there was nothing that came up that gave me the information I posted.


But feel free to try to find where I apparently took that information from.

Shouldn’t you be getting hosed off and put away for the night by now?

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DavidTheGnome

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There are certain African countries with good growth rates. Nigeria, for example, has had a 400% increase in GDP since 1980. Even Zimbabwe had growth in its economy until Mugabe's foray into the Congo; even with the contraction that followed, Zimbabwe's GDP his 4 times higher than it was at the end of the contraction phase, according to the WB data.

There are countries where the lack of development is the primary issue, but the growth rates on the continent have followed the pattern of growth rates everywhere after the widespread adoption of market fundamentalist principles that occurred after the fall of Communism.

With the new African Continental Free Trade Agreement, I expect the pattern of upward growth to continue. Given that the agreement follows some principles of the EU, especially with regards to free movement, it will highly incentivize infrastructure projects that facilitate movement of people and goods. Questions remain though, as who funds those projects and who ultimately benefits is of some issue.

While people talk now about Chinese interest in the continent (which is significant) the major power in large swathes of Africa is still France. With the CFA franc arrangement, France holds quite a bit of the monetary power on the continent, with 12 former colonies and 2 other nations using the franc as their currency, while France holds the currency reserves of the CFA franc countries in its own treasury. In effect, the international market doesn't decide the value of the CF franc, with its value fixed against the euro. Some African countries note that this artificially limits their growth potential.

Regardless, the notion that there isn't healthy growth in Africa is not correct. There isn't very much innovation to speak of, which is perhaps what people mean, but there's been healthy GDP growth in every country that has avoided major wars or civil conflicts. That's not to say there aren't severe issues with inequality either, which aren't reflected in GDP figures.

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I just googled "does china get oil from Africa" and there was nothing that came up that gave me the information I posted. But feel free to try to find where I apparently took that information from.

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China wants the diamonds,gold, etc

Oil is an after thought. They are trying to hoard gold and silver from around the world.

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What is missing to get that economic engine started?

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First we need to acknowledge that China has been lying about economic growth for the past 20 years. GDP numbers put out by them have been an absolute fabrication. Their accounting laws are a joke, and their one party system will do anything to maintain its ruse.

Then, we need to acknowledge all of the intellectual property (IP) that has been stolen over the past 30 years by Chine. IP that cost money, that has a real drag on the world's economy.

After that, we can say that Africa is the "wild west" as far as economic growth. There are no laws, no systems, no EU system, no nothing to account for the lawlessness. Then, we can see why African countries have not seen the same growth as China.

Go look up Sam Kinison's bit about world hunger on YouTube. There's your answer.