8 research outputs found
Foresight Africa: Top Priorities for the Continent 2020-2030
The new year 2020 marks the beginning of a promising decade for Africa. Through at least the first half of the decade, economic growth across Africa will continue to outperform that of other regions, with the continent continuing to be home to seven of the world's 10 fastest-growing economies. Collective action among African and global policymakers to improve the livelihoods of all under the blueprint of the Sustainable Development Goals and the African Union's Agenda 2063 is representative of the shared energy and excitement around Africa's potential. With business environments improving, regional integration centered around the African Continental Free Trade Agreement progressing, and the transformational technologies of Fourth Industrial Revolution spreading, never before has the region been better primed for trade, investment, and mutually beneficial partnerships. The recent, unprecedented interest of an increasingly diversified group of external partners for engagement with Africa highlights this potential. Despite the continent's promise, though, obstacles to success linger, as job creation still has not caught up with the growing youth labor force, gaps in good and inclusive governance remain, and climate change as well as state fragility threaten to reverse the hard-fought-for gains of recent decades.This special edition of Foresight Africa highlights the triumphs of past years as well as strategies from our experts to tackle forthcoming, but surmountable, obstacles to a prosperous continent by 2030
Foresight Africa: Top priorities for the continent in 2019
n this year's Foresight Africa, AGI scholars and invited experts illuminate the priorities of the continent in 2019, delving into six overarching themes with recommendations for tackling the challenges that lie ahead. This unprecedented dynamism of the continent is creating opportunities for trade and investment and is drawing interest from an increasingly diverse group of external partners. Democracy is consolidating, although the prevalence of tensions and, in some countries, violence during elections point to areas for improvement. The demographic tidal wave looms closer, and job creation has not yet been able to catch up. Despite continued progress on governance, more efforts are needed to eradicate corruption and to elevate the voice of women and young people in the decisionmaking.Africa is brimming with promise and, in some places, peril. With its array of contributions, this year's edition reflects both the diversity of the continent and the common threads that bind it together. With that aim, we hope to promote and inform a dialogue that will generate sound practical strategies for achieving shared prosperity across the continent
"American business can assist [African] hands”: the Kennedy administration, US corporations, and the Cold War struggle for Africa
While there has been significant historical interest in President Kennedy’s approach to Africa, historians have not considered in-depth how American economic aid to Africa became tied to the expansion of US business involvement on the subcontinent. A close examination of these issues reveals that the Kennedy administration saw the US Agency for International Development (USAID)’s economic aid programs as a critical mechanism for the resolution of America’s balance of export payments problems, and that Kennedy administration officials worked assiduously to bring American corporate interests to bear on questions of African economic development. This essay argues that the Kennedy administration promoted and fostered an environment that encouraged increased American business investment in Africa. This contention emerges from an analysis of the evolution of Kennedy’s views on Africa, including his support for African nationalist aspirations and for economic development and education, and their impact on administration policy. We examine sources from the Kennedy administration and from the papers of G. Mennen Williams, Kennedy’s Undersecretary of State for Africa and in so doing, we argue that the Kennedy administration fostered an approach to Sub-Saharan African economic development that forged a robust relationship between government aid and American business investment. The Kennedy administration’s embrace of the principles of free enterprise heralded a major shift in US relations with Africa. This point is further underscored by our examination of the significant growth of US-headquartered multinational corporations’ investments in Africa during and immediately following Kennedy’s presidency