THE G-8 MEETING is over, tragically overshadowed by the atrocities in London. And while Londoners demonstrated their resilience, G-8 leaders have followed the path of least resistance, again. The notion that more aid to Africa will help this poorest of continents ignores the likely entrenchment of corrupt political elites who have overseen decades of decline and misery.
Nevertheless, the strong and repeated messages both of G-8 leaders and African businessmen that development in Africa is up to African governments establishing the institutions of a free society, is important. This should help focus minds on choosing correct policies, which can lead to higher growth and greater prosperity. It is self-evident that “enhancing governance and the rule of law will attract more and broader private investment,” but nevertheless the G8 leaders are to be applauded for saying it.
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