An article on the brookings.edu website quotes Akinwumi Andesine, the president of the African Development Bank, as

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An article on the brookings.edu website quotes Akinwumi Andesine, the president of the African Development Bank, as asserting that “Africa is not going to be developed by aid. It will be developed by investment.

a. What type of aid was Adesina referring to? 

b. What type of investment was he referring to? Why might he believe that investment would be more important to the development of African countries than would aid?  

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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