For many years, so many complaints from Africa. The world’s people were only aware of plundering
African resources, export primary energy, mining, agricultural products from Africa; Foreign
companies grabbed local companies job, environmental pollution, exploiting local employees,poor
working conditions and treatment; Local market is occupied by foreign products, become imports of
supermarket; Loans increase the nature of African debt burden even of foreign aid... Admittedly,
Africa has suffered unfair treatment in history, now this kind of injustice is still continuing,
but if let this injustice and xenophobic psychology bloated, the whole development of Africa will
no doubt be postponed. Want to rise, Africa must first adjust the mentality, face the reality.
1.Face up to the cost of development
No one economic boom in the world is need not pay the price, most of the costs was painful. Africa
want to rise, must face up to economic forces represented by capital destruction of social fairness
and justice. To start and economic development, must be pay a certain amount of tolerance to the
early income gap and unfair distribution, even if such a gap occurs between racial or ethnic: blacks
and other ethnic groups, the rich and the poor, labor income and capital income, the human quality
and the initial gap in capital amount will be reflected in the result of economic development.
Profit-seeking nature make the enterprise in the absence of regulation in order to obtain more
profits to damage the environment. The bad working conditions in addition to squeeze profits is seen
as enterprise tools, as the pioneers of land、resources and the city, sometimes hard to avoid, and
all countries have such experience, when these countries talk about working conditions and wages are
not the reality. Unfair terms of trade and investment is outraged, African countries must learn to
accept,they have no other choice under the existing international economic system.
2.A great extent to attract foreign investment
Foreign investment is the the only weapon for African countries promote economic growth and pursued
the developed economy. Africa has certain comparative advantage from the point of return on capital.
African governments first need to break the current various institutional and policy barriers which
is not conducive to the introduction of foreign, such as: extreme localization policy, beyond the
enterprise bear ability of labor treatment, favouring local recruitment system, excessive
restrictions on investment visa regime. In addition, in order to absorb foreign investment, African
countries need to solve the problem of the low prevalence of government administrative efficiency,
and set up tax preferential policy, land and asset protection for the foreign capital. The purpose
of use foreign capital in addition to access to the funds required for the development, also
important is: create jobs, improve the level of national income and national finance income; Achieve
technology transfer; Learning the foreign capital enterprise operation management, marketing
knowledge and experience, nurturing local entrepreneurs and entrepreneurship.
3.Cultivate the foundation of take off for national economy
Turn foreign economy into a comprehensive and rapid development of national economy, the main job
of Africa governments is to foster the good economic and social development foundation, gradually
improve the basic quality of the citizens, including improve the level of education and health,
and medical conditions; Water, electricity, transportation, communications and other infrastructure
construction; To establish a stable political environment and honest, good governance of the
government; Cultivate good economic freedom and business environment. This basis is to determine
the speed of the economic development of all countries and time span, meet the conditions, African
countries might to the sustained, rapid development road.
4.Seek economic transformation
Pulled by foreign investment and foreign demand economy will not continued for a long time, the
economic development will bring the increase of domestic demand and domestic capital and raising
the level of industrialization. After a period of rapid growth, developing countries must get rid
of the rely on low Labour costs and low human rights advantage to labor-intensive model of
development, transfer to the technology intensive and capital intensive, through technology and
management innovation, creating brand, develop the third industry, to maintain the sustainable
development of economy, to narrow the gap with the developed countries.
5.Focus on social justice
Economic development and maturity for countries to use tax, social security and other means to
solve the problem of social injustice created the conditions, but interest increasingly solidified
social system has had a huge block on justice reform. A developing country can become a everyone
through their efforts to change their own destiny "fair chance" of society, is the vitality of the
development of the country's economic and power source.
6.Summary
If poor countries emphasize more of fairness, the result can only continue to maintain a low level
of fairness, or low levels of inequality. Economic development want to start, must be determined to
break equalitarianism, no afriad to pay effort and cost, and learn to deal with the injustice and
misery of economic development. Continue to see foreign capital as a scourge, complained the foreign
unfair treatment? Or face up to reality, start from the students, catching up? The attitude and
choices of the African countries decide their future.