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Better infrastructure doesn't help the local economy?
by SmellyGeekBoy 8y ago
Better infrastructure doesn't help the local economy?
- dragandj 8y agoNot so much if the local economy is not developed enough to be able to utilize it.
- NicoJuicy 8y agoShort answer, but to the point. These prestigious projects go broke without customers. The Chinese just gain control of the "strategic" location.
- NicoJuicy 8y agoBuilding infrastructure is the way to help everyone gaining fortune again and the economy. It's not just the roads, but everyone involved ( workers, companies, ...). But if you don't let the locals do it, you reduce the improvement a lot for the local economy. Not to mention, that the infrastructure that is build, is mostly to guide resources away from Africa instead of improving the economy. And the strategic airports that are build with the Chinese help, are strategicly located. But there is no demand for it => It goes broke without enough income. In the contract, the Chinese can gain the lease for 100 years. So the countries loaned money for a "prestigious project", eg. a strategic airport. It's build with Chinese people and chinese companies. The loan has to be repaid to the Chinese, but paid by the countries. So yes, these "infrastructure" projects don't help the local economy and the countries take all the risk. China has got the money ( or infrastructure in possession), the workers employed and the influence of the Chinese companies in Africa.