A Question for Raj Shah: How to bring Order to U.S. Support for Business Climate Reforms?
Given his background, Raj Shah is well placed to lead U.S. development efforts in the already-big areas of global health and agriculture.
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Given his background, Raj Shah is well placed to lead U.S. development efforts in the already-big areas of global health and agriculture.
We tend to think of globalization in the following way: the rich world exports financial capital, technology, sophisticated goods, and entrepreneurial and managerial skills in the form of foreign direct investment (FDI) to developing countries; the latter, in turn, export people, resources, and low-skilled goods to the rich world.
Last week, the Aluminum Corp. of China, otherwise known as Chinalco, received regulatory approval to proceed with its investment of $19.5 billion in the Australian-based mining giant Rio Tinto, giving the Chinese access to a large and secure supply of iron ore, copper, aluminium and other resources in Australia and Latin America. Is this a signal that China is losing interest in Africa? Or that African governments are becoming disenchanted with their Chinese partners?
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