"To the extent that this new lending is based on Africa's strengthening economic fundamentals, the recent spate of sovereign-bond issues is a welcome sign. But here, as elsewhere, the record of private-sector credit assessments should leave one wary. So, are shortsighted financial markets, working with shortsighted governments, laying the groundwork for the world's next debt crisis?"
with Elizabeth C. Economy, Michael A. Levi, James M. Lindsay
China's growing demand for natural resources has been a boon for commodity producers, but it has also raised concerns about its effects on the global economy. Following the publication of their new book, By All Means Necessary: How China's Resource Quest is Changing the World, CFR Fellows Elizabeth C. Economy and Michael Levi join CFR's Director of Studies James M. Lindsay to discuss some of their findings.
As South Korea marks the third anniversary of its green growth policy, the country has gained international diplomatic benefits from efforts to promote the policy while domestic implementation of green growth policies has been mixed.
China has increased its economic ties with Africa as it seeks to fulfill its growing energy demands. But China's way of doing business has prompted international criticism, even as its policy of noninterference faces new challenges.
by Princeton N. Lyman, J. Stephen Morrisonwith Anthony Lake, Christine Todd Whitman
This CFR-sponsored Independent Task Force finds that Africa is of growing strategic importance to the United States in addition to being an important humanitarian concern, and finds that critical humanitarian interests would be better served by a more comprehensive U.S. approach toward Africa.