An article in Foreign Affairs gives a rare positive assessment of China’s investments in Africa:
The early stages of industrialization might bring pollution, low wages, and long workdays, especially if the Chinese zones are successful. But like China’s resource-backed loans, the planned economic zones promise to provide African countries with some things they very much want: employment opportunities, new technologies, and badly needed infrastructure. This is an opportunity for African states to ride into the global economy on China’s shirttails rather than remain natural-resource suppliers to the world.
While the West supports microfinance for the poor in Africa, China is setting up a $5 billion equity fund to foster investment there. The West advocates trade liberalization to open African markets; China constructs special economic zones to draw Chinese firms to the continent. Westerners support government and democracy; the Chinese build roads and dams. In so doing, China may wind up supporting some dictatorial and corrupt regimes, but — and this is an inconvenient truth — the West also supports such regimes when it advances its interests. And given the limits of the West’s success in promoting development in Africa so far, perhaps Westerners should be less judgmental and more open-minded in assessing China’s initiatives there.
