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Submitted by CTB on
The problem with your argument is that if you think instiutions like the World Bank are so powerful as to control the economies of Africa, then you have to not only blame them for the bad but also the good. And there is no denying that Africa is growing at an impressive pace right now. It is even more impressive to see that growth is being boosted by domestic demand. I think the credit goes to the Africans, who despite a global economic crisis in 2008, and the risk of another one coming from Europe, are sticking to good policies. And they aren't doing that because some powerful instition is telling them. They are doing it because they are smart.