Another cause of concern has been the growing indebtedness of African countries, often for costly infrastructure projects backed by China, which some fear may soon be unsustainable. Instead of the “Asian tiger” model – or even suggestions that African countries could model themselves on China – Stiglitz favours a more complex and multi-faceted approach. Facebook Twitter Pinterest Turtle Bay in Mauritius has become famed for its ability to attract tourists. But others are unemployed.”Facebook Twitter Pinterest Workers unload goods at the Bois Cheri tea factory in Mauritius. Some African countries have natural resources, which means they can get foreign exchange – but that won’t create jobs.

Source: Ethiopian News September 27, 2018 06:00 UTC