In Africa, can Brazil be the anti-China?
The article in News Daily talks about the Brazil competing with China in investment in Africa.
As investment in Africa grows — foreign direct investment surged to just under $59 billion in 2009 from around $10 billion at the turn of the century, according to UNCTAD, the U.N.’s agency that monitors global trade — so too do the expectations of host nations, who want not just trade, roads and bridges, but also jobs and training.
Investors in Africa need to work with local communities to avoid conflicts and start building the real economy rather than just stripping resources.Brazil wants to build a reputation for doing just that,that might help it stay in the game.


