Came across this video:
I haven't watched through all of it yet, but it looks interesting.
Personally, I think Africa is going to be a waking giant in the next few decades. Already we are seeing countries like Ethiopia starting to become economic powerhouses.
Personally, I think Africa is going to be a waking giant in the next few decades. Already we are seeing countries like Ethiopia starting to become economic powerhouses.
And that explains everything you need to know about corruption in Africa/India/China. At least in china, stuff gets done. However, Africa is a billion people market like China in 1980. So if can get them to even spend $1 per person, it's a lot of money to be made.
That's why they get the two lane potholes dirt road... It's the old road that was not improved.No quite.
The Indian model is a shitload worse than the Chinese model.
1. In an authoritarian system, you need only to find the local party boss, hand over a small amount and promise a percentage of the proceeds, and the project will start ASAP.
2. In the Indian system, you have to spend time greasing every party and faction, even regulatory bodies you've never heard of. And you have to pay up front, because the current honcho can't wait around for the project to start generating returns on investment.
So from a business standpoint, the Chinese model offers efficiency and less up front capital requirements. The Indian model burns up time and money, draining away any advantage you might have had.