looking beyond borders

foreign policy and global economy

China’s Infrastructure-Heavy Model For African Growth Is Failing

The strategy of “infrastructure-led growth” (growth, not economic and social development) seems to be showing its limits in Africa, where China has largely been instrumental in promoting it. This strategy is based on the Keynesian multiplier theory whereby any increase in aggregate demand would result in a more than proportional increase in GDP.

Read Here – The Diplomat

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