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EU tells Trump’s America: We have other options (www.politico.eu)

submitted 1 day ago by MicroWave@lemm.ee to c/world@lemmy.world

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Summary

European Commission President Ursula von der Leyen outlined the EU’s vision as a global economic leader during the World Economic Forum, contrasting Trump’s "America First" policies.

She highlighted Europe’s advantages, including its large single market, social infrastructure, and commitment to the Paris climate accord, while emphasizing new alliances with Latin America, Africa, and Asia.

Avoiding direct criticism of Trump, von der Leyen underscored the EU’s stability and rules-based approach.

Her speech signaled a pivot away from U.S.-centric relations and a focus on global trade diversification.

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[–] nednobbins@lemm.ee 1 points 7 hours ago* (last edited 7 hours ago)

Africa has a number of factors in its favor that make it a potential economic powerhouse. It has some of the largest natural resource reserves in the world, it has a huge population, it's conveniently located on or near several important trade routes.

It's also cursed with some pretty bad natural infrastructure. The rivers in Africa don't provide good access between the center of the continent and the coasts.

China had about the same GDP a Sub-Saharan Africa in the early 1990's https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?end=1996&locations=CN-ZG&most_recent_value_desc=true&start=1960 It's taken China 35 years to get from there to it's current spot as 2nd largest economy in the world. And that was for an economy that was growing at nearly 2x the rate of the rest of the world for most of that period. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CN-1W

That's not to say that Africa can't become an economic powerhouse but it will take a lot of work and time. It would take sustained investment and reinvestment in Africa over several decades.