Africa’s economic potential and success stories

Thorough piece on looking to Africa for its potential and success stories rather than merely seeing it as a place of poverty and corruption. The article cites the Ethiopia Commodity Exchange (ECE) as an example of the possibility available in the continent given the right support and development of the brainpower and institutions already there. The combination of capitalism, technology, urbanization, and good governance are beginning to yield positive examples, such as the ECE, that are transforming the lives of many for the better and spurring economic development.  In order to help in this transformation, the author concludes:

If we really want to help, we can lift trade restrictions, support those fighting for civil society and ignore the current squeals over new anti-bribery legislation. But we should focus relentlessly on trade and not on aid. Africa does not need “saving” by outsiders: it is finding its own solutions to its own problems with impressive speed.

 

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About CTED

CTED, as part of the New York University Abu Dhabi Research Grant, is a multidisciplinary research lab that focuses on combining economic principles, technological advances, and human-centric design to create innovative solutions for the problems experienced in emerging regions.
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