Asian Footsteps in Africa
China has made a huge push into Africa in recent years, plowing in massive infrastructure investments in exchange for access to natural resources. In the long run, however, Indian companies and entrepreneurs may have more powerful advantages.
CAMBRIDGE – Don’t look now, but capitalism – maligned in these bailout-ridden recessionary days – is reshaping Africa inexorably. What is different today is that it is emanating from China and India, rather than from the conventional bastions of capitalist prowess.