Saturday, August 4, 2012

Beware the hand that gifts you

U.S. Secretary of State Hillary Clinton sheds light on China's "gifting" policy—something I saw in full force in a small city in northern Ghana last October—and how it relates to mineral rights.

China is practicing Economic Development 101, and all the USAID in Africa may not be able to undo China's largesse—and the expected returns China will gain when it comes calling with a much-more-than-quid-pro-quo request.

http://www.ft.com/intl/cms/s/0/78f5e794-dd7c-11e1-8be2-00144feab49a.html#axzz22ckhQzsb


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