Why The U.S. And China Are Investing In Africa
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The US just pledged $14 billion to invest in African businesses and infrastructure, while China has been doing so for years. Here's why both are betting on Africa as the next big global market. Learn More: A Brief Guide to This Week's U.S.-Africa Summit http://blogs.wsj.com/washwire/2014/08/03/a-brief-guide-to-this-weeks-u-s-africa-summit/ "President Barack Obama has invited the leaders of nearly 50 African nations for the first ever U.S.-Africa Leaders Summit in Washington, D.C. on Monday through Wednesday." 5 reasons Obama's Africa leaders' summit matters http://www.cnn.com/2014/08/04/politics/white-house-africa-summit/ "By any measure it's historic: The vast majority of Africa's leaders flying to Washington at the invite of the President, whose father was born on the continent, to mark what the White House hopes is a new era of cooperation." The African leaders who haven't been invited to D.C. - and the surprising ones who were http://www.washingtonpost.com/blogs/worldviews/wp/2014/08/04/the-african-leaders-who-werent-invited-to-d-c-s-africa-summit/ "It is an exceptional event, even measured by Washington's standards. This week, more than 50 African leaders will unite in the U.S. capital to discuss delicate issues such as gay rights, the Ebola outbreak and terrorism." Obama Wins $14 Billion in Pledges for Africa Investments http://www.businessweek.com/news/2014-08-05/obama-wins-14-billion-in-pledges-for-africa-investments "President Barack Obama plans to announce today $14 billion in commitments from U.S. companies for investments in Africa, a centerpiece of his goal of strengthening commercial ties to the continent." Angola Economic Update https://www.imf.org/external/country/AGO/rr/2013/060113.pdf "After being hit hard by the global financial crisis, Angola's economy is now gathering momentum, with robust GDP growth supported by strong fiscal and external balances, a stable exchange rate and moderate inflation." Africa's Pulse http://www.worldbank.org/content/dam/Worldbank/document/Africa/Report/Africas-Pulse-brochure_Vol9.pdf "The economic outlook for Sub-Saharan Africa remains robust, but growth is vulnerable to lower commodity prices and a slowdown in capital flows" World Economic and Financial Surveys http://www.imf.org/external/pubs/ft/weo/2013/02/pdf/text.pdf "Transitions and Tensions" Annual Development Effectiveness Review 2013 http://www.afdb.org/fileadmin/uploads/afdb/Documents/Project-and-Operations/ADER-%20Annual%20Development%20Effectiveness%20Review%202013.pdf "This third edition of the African Development Bank (AfDB)'s Annual Development Effectiveness Review is the product of strong collaboration on the part of staff from most of AfDB's departments." The World at War https://www.youtube.com/watch?v=ALDyfZMJOmA Watch More TestTube! http://www.youtube.com/subscription_center?add_user=testtubenetwork _________________________ TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubedailyshow/ Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Tara Long on Twitter https://twitter.com/TaraLongest Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq
Comments
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Wow, cant believe how many people just don't see the obvious.
China is doing the same thing what western world did in China, they don't want to be cheap work force forever, they want to be rich country with population that live prosperous and in a healthy environment. So who will do the dirty work next? Poor african countries, and that is good on the long run, one day they will get wealthy enough to live, not only trying to survive. -
I saw a documentary on VICE and it's China v India in Africa not USA.
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Seeker hates economic growth.
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Economic growth sounds wrong and morally problematic? Good thing there are still upstanding moral countries left like North Korea, who don't allow this evil capitalistic foreign investment.
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Africa will be the most powerful empire of all time
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The difference between China and US in Africa: China build infrastructures and trade for Africa's resources; US bombs and drone strikes Africa if they don't hand over their resources.
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what Africa need is not foreign investments or aids, but a chance of a fair go and the right to no be stamped down by other powerful countries, just leave them alone and Africans will stand up on their own.
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you are in 2 channels right? Dnews too. i get really confusing. all the videos i watch you are there
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Thanks to Chinese people. Chinese people grab money from investments, and Africa gets big development for its people. It's symbiosis mutualism.
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lol American invest in America hahaha
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Can someone give this simple baby genetic math problem:
1. Black Man + chinese Woman = ? (black chinese ?)
2. Chinese Man + Black women = ? -
this guy is your best one on the channel use him in more videos :)
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Totally morally bad to be poor countries richer.
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Chinese are Actually building Africa like building roads hospitals etc. And taking hundreds of African students China just love to do business of course they are looking for their interest but they are better than Europe and US who did nothing for Africa except stealing and killing
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The US are evil. They are the one creating problems, to give weapon to rebels then they come to act like heroes. I fucking hate the American government
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Note: While Angola may be wealthy, it has one of the highest inequality gaps in the world. There is a famine sweeping the poor of Angola, and the child mortality rate in the country is one of the highest in the world.
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The only thing the US invested in Africa was aids, ebola and malaria hopping it would kill them off.
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How powerfull is Guatemala
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You do know African people live just like us but the only thing they struggle with is getting a job
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