Before my arrival in Africa, I had spent four years reporting from southeast Asia. What I found in Asia was a region of amazing economic dynamism, a place largely defined by more than a decade of steady growth and development, vastly improved living standards, and...
Africa
The Solution to Africa’s Problems is Not Socialism But Freedom
Tidjane Thiam, writing in Newsweek's recent special edition, says democracy is vital to economic growth. As minister of planning and economic development of Cote d'Ivoire, Thiam says: "Africa has paid too little attention to political modernization. Too many African...
The Tradgedy Called Africa
In terms of natural resources, Africa is the world's richest continent. It has 50 percent of the world's gold, most of the world's diamonds and chromium, 90 percent of the cobalt, 40 percent of the world's potential hydroelectric power, 65 percent of the manganese,...
South Africa’s War Against Capitalism
Professor Williams demonstrates is that apartheid is not an example of capitalism but something much more akin to a mercantilist-interventionist state, in which government bestows privileges, favors, and monopoly positions on a select group at the expense of others in the society.