Word: china
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Dates: during 2000-2009
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This simple principle—that with great power comes great responsibility—is accepted by most prominent public figures, from Obama to other Western leaders to Spiderman’s Uncle Ben. The People’s Republic of China, though, seems to be having some trouble with...
Lately, the People’s Republic has been in the bad habit of making ever larger investments with questionable African regimes. A week before Obama’s tour, during the Forum on China-Africa Cooperation, Prime Minister Wen Jiabao promised to lend Africa $10 billion in low-interest development loans over the next three years and to forgive many older interest-free loans made to less developed nations...
...China steps into its role as a global leader, it must be more careful about how it presents itself on the world stage. Technocrats in Beijing can hardly hope to veil their foreign policies as well as they do their domestic ones. Political and economic success story that it is, China is a role model for scores of developing nations. Under the dual threats of setting those nations astray and losing its own international good standing, China therefore needs to change its Africa policy—and fast...
...unprecedented amount of good. Among the tangible benefits of the November deal are $1 billion for small business, massive improvements in African infrastructure, reduced tariffs, construction of 100 clean-energy projects, and sponsorship of programs in health, education, culture, and agriculture. Since 2000, such measures have not only built China political goodwill, they have also expanded the dollar value of Chinese trade with Africa tenfold...
What is deplorable, though, is that by providing an alternate source of investment without any progressive strings attached, China is undermining the efforts of Western reformers who offer corrupt or dictatorial regimes only humanitarian aid or loans that are conditional on political reform. By providing economic opportunity without incentives to liberalize, China is only emboldening and legitimizing tyranny...