African Economic Policy Takes the Front Stage

Katie Heot July 13, 2009

This weekend both and released great articles in response to President Obama’s speech in Ghana. With the release of USAID’s plans for a focus on Impact Investing and a new foreign policy of “tough love”, it’s hard to imagine President Obama ISN’T reading alot of Dambisa Moyo.
As noted on Next Billion, the danger we face is creating a “one-stop” solution to a continent whose regions and countries face extremely diverse challenges. Encourging the investing and business constituency, who understand the complexity of local markets, to engage the continent could cattapult major growth in target areas. Even more compelling, however, is that Obama’s charge places the responsibility on those who understand this dillemma, the people themselves. By doing such, respect and dignity are granted towards the tremendous entrepreneurial spirits of Africa.

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