The U.S.-Africa Leadership Summit Seven Months Later: Progress and Setbacks

ISBN-13: 9781540803306 / Angielski / Miękka / 2016 / 50 str.

Subcommittee on Africa and Global Health

Opis

There seems to be a perpetual focus from the outside on foreign assistance to Africa, whether in helping to stop the spread of AIDS or Ebola, or providing humanitarian assistance to those suffering from drought, or to aid those who have been displaced due to a crisis. Much of this assistance is obviously critical. However, these countries want to develop their own economies and reach a point where they are not so dependent on foreign aid. Africa is home to 6 of the 10 fastest-growing economies in the world. Real incomes across the continent have increased by 30 percent over the past 10 years. By 2040, Africa is expected to have a larger workforce than China. In addition, sub-Saharan Africa's consumer base of nearly 1 billion people is rapidly growing and has the potential to create increased demand for U.S. goods, services, and technologies. U.S. private-sector interest in tapping the economic potential of the continent is increasing, though our presence lags behind many of our partners and competitors in Europe and Asia. Part of this discrepancy stems from a lack of opportunity in promising countries, and part stems from real challenges posed by weak governance and poor infrastructure in other countries. The U.S.-Africa Leaders Summit sought to highlight some of that promise and to address challenges to greater investment on the continent.

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