Comments on: A ‘Marshall Plan’ for Africa’s employment challenge http://blogs.reuters.com/great-debate/2014/01/03/a-marshall-plan-for-africas-employment-challenge/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: baroque-quest http://blogs.reuters.com/great-debate/2014/01/03/a-marshall-plan-for-africas-employment-challenge/#comment-82979 Sun, 05 Jan 2014 20:36:31 +0000 http://blogs.reuters.com/great-debate/?p=27027#comment-82979 @Tony O. Elumelu
“America’s ‘Marshall Plan’ in Europe after World War Two. That effort focused on building infrastructure, modernizing the business sector, and improving trade. By the end of the four-year program, Europe surpassed its pre-war economic output.”

Europe already had a long history of infrastructure (e.g. metros, railways, and ports), well-established businesses (e.g. Daimler Benz and Michelin), and complex trading relationships (e.g. Hanseatic League), not to mention the most sophisticated music ever invented, classical music. Africa, not so much. Resurrecting something is a lot easier than creating it from scratch.

“If we are outrun by the employment challenge, Africa will be a drag on global growth and resources for generations to come.”

If that is the major consideration, we should invest absolutely nothing in Africa and invest everything in the U.S. — the world’s largest economy.

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By: joserosa http://blogs.reuters.com/great-debate/2014/01/03/a-marshall-plan-for-africas-employment-challenge/#comment-82684 Fri, 03 Jan 2014 21:44:11 +0000 http://blogs.reuters.com/great-debate/?p=27027#comment-82684 Tony O. Elumelu

I was one of the key developer of Africa´s Growth Model in the 90´s. You are right there is a need to add phase II to that model, it´s in the works. It will come soon.

http://africagrowthmodel.wordpress.com/2 013/12/27/china-in-africas-conflict/

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