Just six months into his term, U.S. President Barack Obama is already modeling himself after the country's most transformational Democratic leader, Franklin D. Roosevelt. As Secretary of State Hillary Clinton visits Africa this month, now would be the perfect time to follow in the steps of Roosevelt and his secretary of state, George Marshall, by announcing a second Marshall Plan. More than half a century after the United States helped rebuild a war-torn Europe, it's time Africa got the same chance.
The Marshall Plan was fundamentally different from the aid that Africa has received over the past four decades. The Marshall Plan made loans to European businesses, which repaid them to their local governments, which in turn used that revenue for commercial infrastructure -- ports, roads, railways -- to serve those same businesses. Aid to Africa has instead funded government and NGO development projects, without any involvement of the local business sector. The Marshall Plan worked. Aid to Africa has not. An African Marshall Plan is long, long overdue.
Friday, August 14, 2009
Marshall Plan for Africa
Since decades of aid haven't had much effect, here's an old idea with a new application from FP.com.
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Marshall was Roosevelt's Army Chief of Staff. He was Truman's Sec of State when he developed the Marshall Plan. So, modeling yourself after Roosevelt doesn't inlcude the Marshall Plan...
ReplyDeleteThank you for the clarification, Wade. And what do you think of applying it to Africa?
ReplyDeleteAnything is better than what we are doing now. I would rather cut off everything and let them figure out how to attract investment. I think they will do it rather well...
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