Coming to America – no begging bowl please

A world of interdependenceAll nations of the world, especially the Western world, must awaken to the fact that the 21st century requires the creation of an interdependent world. As the Summit hits high gear, the US and its allies must be told that they need to subscribe to this ideal because the Eurocentric view of […]

By

A world of interdependence
All nations of the world, especially the Western world, must awaken to the fact that the 21st century requires the creation of an interdependent world. As the Summit hits high gear, the US and its allies must be told that they need to subscribe to this ideal because the Eurocentric view of the world is not the only view. The Africentric/Afrocentric view must also be accepted and respected, more so now that the US for the first time in its history has seen the need for this Summit.

Economic, cultural and military domination by one nation or a group is not a solution to the problems of this world. No nations should operate as if the UN and its Charter are insignificant. No nation must look only at its own interests and ignore the fact all nations of the world have national interests. And hopefully, this is a premise on which this Summit is anchored.

Africa must unite and speak with one voice
As they freely agree to be part of this Summit, the message should be that they come as a solid unit, as a collective. African leaders must always engage with the world on the basis of interdependence, not dependence, especially economically. And this message must be clearly spelt out at this Summit. As they converge in Washington, they should not present Africa as a bankrupt, indebted continent, bringing nothing to the Obama table but a begging bowl.

The African continent has reached a pivotal point regarding the social and economic liberation of her population. The peace dividend is more essential today than at any moment in Africa’s history. Stability and self–determined economic policy are critical anchors of African countries’ development path, particularly given the worrying incursions of terrorist groups. China has a huge stake in the African regional economies, with massive investments in infrastructure, development loans, venture capital and other inputs. Current GDP figures illustrate that the Africa region is one of China’s primary trading interests.

The era of economic incursion belongs in the past and the 21st century demands foreign investors who understand the fundamentals of partnership. This requires that African countries define and receive their fair share while international investors receive theirs as well.
African countries cannot continue to be passive bystanders, while unscrupulous investors deplete Africa’s riches, leaving little or nothing in their place for Africa to benefit from.

In the past some investors contented themselves with merely paying for labour and leaving no lasting heritage. African governments must declare this kind of exploitative investment as belonging to the oldest archives and evoke existing labour, environmental and trade regulations to support this position. All must be done on a level playing field and characterised by mutual respect. This Summit has much to tackle, but the groundwork has been laid.

Want to continue reading? Subscribe today.

You've read all your free articles for this month! Subscribe now to enjoy full access to our content.

Digital Monthly

£8.00 / month

Receive full unlimited access to our articles, opinions, podcasts and more.

Digital Yearly

£70.00 / year

Our best value offer - save £26 and gain access to all of our digital content for an entire year!

African Business

4617 Articles written.