The chapter explores Africa's journey towards democracy post-1990s, discussing challenges from neocolonial interventions like China and the hope for countries like Nigeria, Kenya, and Ghana. It delves into the impacts of China's investments on democracy and corruption, with contrasting views on their effects. Emphasizing the need for foreign investment, technology transfer, and improved institutions, the chapter highlights Africa's potential for self-investment and growth in agriculture and industry.
We were lucky enough to talk with Prof. Asemoglu of MIT about why Africa lags economically despite so much aid and resources being pumped into the country each year. From the impact of institutions to the legacy of policies, we talked about the reasons behind the continent's challenges and the potential paths forward that might actually help improve living conditions in African nations within our lifetimes.
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