SHIFT OF FOCUS FROM WEST
Peter Nelson
Economist and Fellow Chartered Accountant, as an International Financial Consultant have carried out assignments for all major international donors in many countries.
Africa has always been there. So has India. Point is that the shift of focus is moving from the West with the need to pay more attention to these still developing areas. When Western nations arbitrarily divided Africa to their requirements, all communications were from those western capitals to their western masters, none between African countries themselves, meanwhile India was allowed to set up religious states to facilitate development. During the '70s there was competition between Russia and the West handing out development projects from which competition Russia drop out with its own problems in the '80s. Then along comes China with briefcases of money and development projects carried out overnight by their cheap labor against Western donors taking two years in design. Travel one end of the country to the other and almost all equipment is China sourced as if becoming the norm in India. It is really hard to see where there is a possible catch up from Europe with the US seeing no major commercial interest with their own problems and not wanting more wars in the area. The inevitable almost feels like a grandparent who has had a good trot, still has a solid investment base and sits back in retirement allowing the youngsters around the globe to decide what they will do next...