Economist Dambisa Moyo on China's Pursuit of Resources

[@markhau9079]

More people need to hear this!

[@independentc4348]

Brilliant woman! I am watching this video on December 26, 2015 and I wonder what her perspectives would be today on whether China's GDP will eclipse that of the US by 2021. I would suggest that should IPI host an annual lecture by Dambisa and other experts in order that she may update her positions based on actual world events and trends.

[@mengistumolla1607]

I got and read your book 'dead aid' and i got it so smart. Smart women, i really like her, she really use economics make the world look around her resource to use optimally and then generation will continue and third world will cop up with its basic needs. hope i will have a chance to read the rest of your works many thanks to Dambisa Moyo

[@kingpapa2881]

Really good, remember my teacher told me in China, government model and economic model are not important. The most important thing is to get what people need. It's too early to talk about all levels of the human right to china compare to the united states. It's not realistic. The world never gave credit to China. But China will give credit to the World. We will find more facts and data in the future from the world not the news~!

[@Joshua-et3td]

Bravo Dambisa! Good presentation and perfect views.

[@anwarmujtabah9120]

Wow, what a great woman. She would be a great leader in Africa for sure.

[@markhau9079]

I agree

[@ronszera9749]

stop pointing finger on China's government but addressing the real issue of failures of African Leaders. she is brilliant.

[@humility9345]

You miss the point. Part of the easy diagnosis of Africa’s predicament involves China. The inept and corrupt African leaders thrive individually due to China’s guardianship - China plays a key role in keeping these leaders in power against the will of citizens. It serves China well to have these leaders in power why? They are corruptible, individualistic and captured easily. This is a brilliant deliberation and the kind of awareness the African youth need to get and prepare to drive out the parasitic occupiers.

[@ronszera9749]

@@humility9345 those corrupt individuals have been existing before China came to Africa. Africa has been poor and left behind before China became superpower, so i dont think your point is on the right track either. China, despite its inperfect image, has been doing business all around the world, and other countries prosper as their partners. African's leadersm and people alike must start to repair their mindset before playing victim card by pointing finger on China.

[@araya1]

Inspirational woman! I wish I knew about her sooner.

[@markhau9079]

Very informative video. Thanks

[@leonkituyi3935]

Congrats. She's a brilliant woman and an experienced economist

[@leonkituyi3935]

Chinese really do a good job for our country Kenya and they are very creative like for instance they did for us bridges, tunnels, electricity, railway and buildings. Our president made an agreement with the Chinese to change our country and to make it look forward but the university students who are doing engineering went to China when they were doing that project. China is the largest economy

[@alfredhitchcock45]

Sad to say China is being vilified by Western Media

[@MrRob1967]

Damn! She got married before I could meet her! Life's all about timing.

[@africanglobalnomad]

She took her time too 😂

[@sensey07]

She is quite correct about the growing importance of sources of fresh water - another advantage the US, and particularly Canada, will have over the rest of the world in the decades to come.

[@maximum8171]

Great forum. The best comment was China buying resources for all the products they produce for the world. China put up the money for the resources so we in world can get the products cheap.

[@kamtsang515]

China and Africa ! yes,

[@84tonikk]

Blessed be Chinese dragons!

[@seasidedreams6766]

shes absolutely brilliant

[@kelvinbrown8754]

That lady gets more beautiful each time I see her. Oh, and she's pretty smart too!

[@peacetheworld...........7105]

I have your book.... "Dead Aid"...... Dambisa Moyo......

[@markhau9079]

Very well said

[@KeyLimeLemon4U]

Very interesting

[@aldololoco1412]

I could say a lot but I will just take the bitter with the sweet, and spit out the bitter. Yahammeen

[@markhau9079]

This is so true

[@sapiosexual87]

Does anyone know how to acces the U.S National Security Office report on water conflict forecasting she referenced?

[@alfredhitchcock45]

Nobody fucking cares about boring government reports

[@rmir2]

Let every politician in Europe see this video. Then they would learn a lot about why everything they have done to help Africa has gone wrong.

[@bigreaper7425]

So the problem with Dr. Moyo's beliefs is the world does have some measures of what winning is (HDI). Also we can see how many people were dying of malaria in 1908 vs today. There are many other ways for us to measure progress. Its not always about per capita income today vs 1980.

[@davidchou1675]

OMG, Ms. Moyo is incredibly sharp!! I mean, there are many "smart people" who can't eloquently (and so thoroughly!) answer questions posed to them (like Martin Jacques, for all this erudition) but she even is able to accurately note down multiple questions simultaneously!! And she's got quite a sense of humor to boot, too (such as her politically most incorrect DSK joke!!)!!! Brava, Ms. Moyo!!!!! In contrast, the Chinese lady's prolonged comments at the end are extremely annoying.

[@africanglobalnomad]

Yessssss

[@MrLamrof]

The Ethiopian famed female economist Eleni Gebre Medhin started a commodities exchange that helped many poor in her country, Dambisa Moyo just talks.

[@gagnoadaloa2907]

ganzo, who says all economist have to follow the same path. I think both women have made tremendous contribution already in what they chose to do.

[@Whitfield369]

Well it has been 10 years since. It seems the things she said more and more become reality. However the West, especially in the U.S. our government is becoming less and less rational.

[@moreofwindhoek]

Intelligent women.

[@mosespeace8786]

Dambisa, I love your writing sister. However, I am convinced with plain text theory. I recall watching your interview with your causian husband or boyfriend and am suspisious. Nevertheless, my sentiment echoed then and today is the same. Dead aid is dead aid as your book suggest because some African countries especailly East Africa are so dependent on it. My point was unless you industrialize things will always be the same. Miss. Mayo, China is the only country that helped us in this regard. Mayo, please note also, China, has never enslaved us nor be our colonial masters. It's the evil whiteman, espcially Westerners. China owes Africa no obligation or debt but britain, france, portugal, spain, italy, germany, canada, and the united states of amaerica. These criminals looted us for four hundred years, stealing thrillions of dollars, not china ok, thanks bye

[@mrt445]

What the hell are you talking about? When did she criticise China, in fact she did the opposite. Africa needs industrial agriculture, especially in East Africa which has fertile land to do so, but they'd rather steal aid than build wealth.

[@africanglobalnomad]

That’s her very wealthy husband! Jealous?

[@wallylee8470]

China gets no credit for their achievements. Thank you for pointing that out.

[@markhau9079]

Very true

[@blakhope]

that's y countries should build there cities on less fertile land. and farm on their good land. i bet a majority of chinese cities sit on fertile land. yet west and central china are all desert and should be were many cities should be built. this is were a majority of the worlds rare minerals are mined. (over 90% i think) the problem is that humans are using their land wrong; and still continue to.

[@yang5159]

China don't have much poor anymore

[@yang5159]

USA 15% POOR

[@yang5159]

Since initiating market reforms in 1978, China has shifted from a centrally planned to a market based economy and experienced rapid economic and social development. GDP growth averaging about 10 percent a year has lifted more than 500 million people out of poverty. All Millennium Development Goals have been reached or are within reach. With a population of 1.3 billion, China recently became the second largest economy and is increasingly playing an important and influential ro...le in the global economy. Yet China remains a developing country （its per capita income is still a fraction of that in advanced countries）and its market reforms are incomplete. Official data shows that about 98.99 million people still lived below the national poverty line of RMB 2,300 per year at the end of 2012. With the second largest number of poor in the world after India, poverty reduction remains a fundamental challenge. Rapid economic ascendance has brought on many challenges as well, including high inequality; rapid urbanization; challenges to environmental sustainability; and external imbalances. China also faces demographic pressures related to an aging population and the internal migration of labor. Significant policy adjustments are required in order for China’s growth to be sustainable. Experience shows that transitioning from middle-income to high-income status can be more difficult than moving up from low to middle income. China’s 12th Five-Year Plan (2011-2015) forcefully addresses these issues. It highlights the development of services and measures to address environmental and social imbalances, setting targets to reduce pollution, to increase energy efficiency, to improve access to education and healthcare, and to expand social protection. Its annual growth target of 7 percent signals the intention to focus on quality of life, rather than pace of growth.

[@yang5159]

many Asians lived with their families like china poor is only a small percentage below 100 million

[@zhangdayu2206]

+Jim Sia 70million still. better than before, long way to go

[@markhau9079]

Thats because they dont enslave foreigners in exchange for their 'freedom'

[@sstchan924]

Africa can hold on their natural resources and stay undeveloped for another century or trade them for infrastructure which is the foundation for industrial developments. For example: African land is futile and can produce more than enough for their needs but without means of transportation and internet connection they can not be sold to far away lands where there are great needs. These are value judgement the local African leaders must make. There is no coercive force behind the offer as in the colonial times. It is strictly business. Warning! China excels in business negotiation.

[@robertcalamusso4218]

It’s always easy to criticize People or Organizations trying to help people in dire need.

[@Mister.Psychology]

Sound is terrible. Makes it unwatchable.

[@tulemancito]

good for geo-strategists who know the world of finance, know that the G7 economies are bankrupt, and the world is coming out of globalization, we are entering the era where natural resources are managed by the state, where the capitalist model is completely sold out, with super-indebted United States with 600 trillion in derivatives of its gdp, about to explode and a mediocre growth rate of 3 percent anual.the question is how will the new tripolar order (russia, china and usa ) with China as the world's largest power.

[@tumentakennedy3040]

Great analysis but we response as African Diasporas Organization to creat an African solution to change the equation . The platform www.AfricanBIB.biz to creat visibility for Africa's opportunities and possibilities

[@tulemancito]

but prefer a united states as a world leader, not a Chinese I thirst for natural resources. China intended to be a panda, tomorrow will be one dragon

[@mosespeace8786]

Miss. Mayo I love the narrative but your discourse offer no solutions. I am the first African in diaspora to advocate for industrilization, dating back in 1998. You can read about it these issues on my publications, United States of Africa, volume's 1-20. I gave the solution, and today industrliazation is the mantra in Africa. Now, Miss. Mayo, another solution for our African leaders consideration. Please design and implement a MINIMUM WAGE POLICY, continentally. With this policy, one can receive a decent pay for a decent days work. Poor wages are a barer to develoment, stability and sustainable growth.

[@doceigen]

There are two major problems, based on her own observations from her first book that she has shifted away from. China is taking advantage of the weakness in integrity and nationalism that current leaders have due to 60 years and 1 trillion dollars in foreign aid, those deals the Chinese are pressing through, will last for generations. The other problem is, the common man in Africa is tending to sell short just to get some work, without facing it's is a trap... as China has a proven propensity for pollution, for usary, for profiteering and has a low concern for human rights. Africa needs to project itself to 20 years ago in China, in other words, what they can barely sustain now after 20 years of industrialized mistakes, Africa will get, not the shining opportunity of a fresh tomorrow. The Africans sold us their people as slaves, well... their leaders will now repeat that, with China.

[@zhangdayu2206]

+doceigen Nobody said white I believe and I think the world leader is a AA guy. When you say lazy ass, I just can't help picturing not a poor people in a developing country, but a guy in a welfare society who doesn't do a thing but watch pornos and eat chips. And when you talk about integrity of people in your cozy appt, think about a guy or even a family who don't even have a shelter over their head, to them, food and water is a part of that integrity you talked about, and I think I have a say on this because I was born that poor. And another reality check for you, sir, is that Asian and Africa polluted our air and water so that we can live, and so that you westerners would have something cheaper and your enterprises can earn more so that more of your welfare. And westerners only had safe air and water because we are cheaper. And dare I say it, wait for your term, what would happen when Chinese seeking to move the polluting industry elsewhere and west keeps bankrupting? I am not saying we are better, but you have to stop pointing fingers, you don't deserve that right.

[@koresam9099]

I'm not agrée with him, Our brain have à lot of imagination, and we will adapte our economie. Nuclear mutual destruction Will not be good for any person, and we cańt have growh economie with global ward. China know that, and we know that.

[@Atombender]

She's criticized Western politicians and organizations to make concessions to corrupt leaders like former Ethiopian president Zenawi in order to aid the country but is praising China (of all countries) to open up trade and invest in Africa? There's something fundamentally wrong with this notion.

[@brokecreole]

America and Europe failed to open trade and investment in Africa. America and Europe does not want the African economies to grow. China is not looking for friends. This is purely business. Africa needs to invest in its future.

[@PhiloSurfer]

Western countries went to Africa to colonize, engaged in the slave trade. Later, they give aid, but build very little infrastructure. For a few centuries, Africa did not benefit from its engagement with Western countries. In a few decades, China's engagement with Africa has resulted in tangible infrastructure such as ports, dams, roads, railways, schools, hospital, and trained local staff. There's something fundamentally wrong with your perception or thinking.

[@africanglobalnomad]

@@PhiloSurfer this aid is usually in form of western NGO where half of it is spent on exorbitant salaries both at the headquarters in the west and in the field offices overseas where all senior management is foreign and they are living better than they do in their countries because the NGOs pay for them to have servants, children to the most expensive schools in these countries, security guards, huge mansions in expensive neighborhoods, country clubs, tours around the continent, return air tickets back and forth!!! In a nut shell these foreigners are living the kind of life they have never experienced in their countries in the west!!!! So the aid ends up in their pockets

[@iviewutoob]

her wig is very distracting

[@sadikmeah4057]

Lol.

[@fastshootmmmm]

But her facts draw me in

[@Joshua-et3td]

Dambisa is a smart lady, genuine and lovely person! But she's kind of naïve; she thinks that necessity implies adaptation... it is not the case, we've seen examples of whole nations failing to feed their populations, economies collapse, epidemic catastrophes happening, etc. Necessity was there but the peoples didn't adapt...

[@MrRob1967]

I can think of a great many adjectives I would use to describe Dambisa and naive wouldn't make the list.

[@doceigen]

MrRob1967 If you read her first book, you'd know she sold out.

[@MrRob1967]

doceigen Are you referring to "Dead Aid"? If you are I have know idea where you're coming from. I found it to be an extremely well argued case against foreign aid.

[@doceigen]

MrRob1967 Yes I am, and you are right, it is a great argument against long term! foreign aid. But that's not what's happening now. I'll give a simple analog, there are thousands but this one has been in the news lately. The Russian built a pipeline into the Ukraine. Oh happy days!! But the Ukraine's financial position was pretty much like Africa's... shaky! Russia knew that, they calculated how long until the economy in the Ukraine would fail to pay for the fuel through that pipeline. Things got hot, we all know the details, but the important part is, those agreements Russia signed included the right to enter the country and secure their interests. And if not for the intervention of NATO, Russia would right now OWN! the Ukraine. No one is revealing the details of these African 'deals' with China, what are the terms. Moyo says she sees Africa as doing well for, 'a few decades'. Yup... trinkets, beads, fire water and blankets, the Native Americans thought they had totally ripped off the Europeans... and then LOST!! I figure Moyo sees the Chinese effect as unitizing the African nations, and that will make it easy in a decade or so, for her to be voted in as the 'African President', but she is also betting that Africans can get the BETTER of Chinese deal makers? That, is absurd! When they send in 10 million troops to secure their holdings in 10-30 years, who will rush in to Africa's rescue? So she is playing a far more dangerous game than her pretty face reflects.

[@MrRob1967]

doceigen Your answer requires a deeply thought out intellectual response based on data and sound reasoning. Ahem. Whatever!

[@amey24xxx33]

The white boi is trying very hard to misinterpret Moya's book. Clearly he hasn't read the yet 😆😆

[@Mister.Psychology]

It starts of terribly. China higher GDP than USA in 2015? It's not even close. This is from IMF 2014 data in millions. Will China catch up today?: 1 United States 17,418,925 2 China 10,380,380

[@580player]

+Jurij Fedorov Yet America owes china over 2 trillion dollars, go figure.

[@Mister.Psychology]

580player So what? They owe even more to Japan, Is Japan a bigger economy than USA then? And many countries owe money to USA too - you don't mention that.

[@580player]

Jurij Fedorov So you think the debt can grow without limit, or consequence?

[@Mister.Psychology]

580player As I said... China is not the biggest owner of debt. And China has debt themselves. Nearly all countries have big debts. USA is not the worst owner.

[@580player]

Jurij Fedorov So what China is not the biggest owner of American debt. If china calls in the debt that America owes them they could pay what they owe. Other nations would begin to do the same, but America has to beg other nations for loans just to pay the interest.The Rothschild's are the biggest owners of American debt. Yet you dummies would rather focus your hatred against the poor Africans trying to uplift their nations.