Despite routine attempts to pump up Africa’s promise, with slogans such as “Africa Rising” and the “African Renaissance,” the continent is falling behind the rest of the world.
This long slide is proof that the West’s old formula of engaging Africa has failed dismally.
Close to five trillion dollars (in real terms) has been disbursed in aid to Africa in the last 60 years. Yet much has been wasted—and not only because the governance conditions of the primary recipients meant that it could not be properly spent, Much of it was given for strategic purposes during the Cold War, and a lot of it was spent on the givers themselves to manage noisy…
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