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How Black Countries Developed White Countries

AFRICANGLOBE - Aid is effectively flowing in reverse. Rich countries aren’t developing poor countries; poor countries are developing rich ones. In 2012, the last year of recorded data, developing countries received a total of $1.3tn, including all aid, investment, and income from abroad. But that same year some $3.3tn flowed out of them. In other words, developing countries sent $2tn more to the rest of the world than they received. If we look at all years since 1980, these net outflows add up to an eye-popping total of $16.3tn – that’s how much money has been drained out of the global south over the past few decades.

Africa At The Mercy Of Rich Men In London

AFRICANGLOBE - The West regards African agriculture as a “business opportunity”, albeit wrapped up in warm-sounding notions of “feeding Africa” or “lifting millions out of poverty”. The West’s legacy in Africa (and elsewhere) has been to plunge millions into poverty. Enforcing structural reforms to benefit big agribusiness and its unsustainable toxic GMO/petrochemical inputs represents a continuation of the neo-colonialist plundering of Africa.

Recolonizing Africa: A Modern Chinese Story?

AFRICANGLOBE - China, one of the world's largest 'emerging' investors, is ramping up investment in Africa as it searches for natural resources, but whether the benefits are mutually beneficial is questionable.

Shocking: Secret Deals Costing African Lives

AFRICANGLOBE - Perhaps the greatest injustice of our lives is that we have some of the world’s poorest people living on top of some of the world’s richest natural resources, without benefiting from the wealth. Historically, this has been the norm as slavery, colonialism, neo-colonialism and other isms, were aimed at robbing and impoverishing resource-rich countries.

Caribbean Remittances Grew By Five Percent – World Bank

AFRICANGLOBE - In 2013, remittances were significantly higher than foreign direct investment (FDI) to developing countries and were three times larger than official development assistance.

Developing Nations Hailed As Most-Efficient Innovators

AFRICANGLOBE - Developing countries are the most efficient innovators, achieving results in areas such as scientific research, infrastructure and technology production with relatively low inputs, a report indicates.

Report Boasts Africa’s Renewable Energy Potential

AFRICANGLOBE - Spending on renewable energy is undergoing a geographic shift, with developing countries investing more last year despite an overall 12 per cent drop in global spending since 2011, according to two reports published this week (12 June).

Health Gap Narrows Between Developed and Poor Countries

AFRICANGLOBE - Significant progress has been made in improving health in the poorest countries, narrowing the gap between nations with the best and worst health status in the past two decades, World Health Organisation (WHO) 2013 statistics indicate.

Western Countries Call for Accelerated Population Control

AFRICANGLOBE - On the second day of Women Deliver 2013, the largest conference on girls and women of the decade, the backers of population control announced progress and new commitments toward expanding contraceptive access and abortions for women in developing countries.

Africa Must Safeguard Economic Growth

AFRICANGLOBE - Developing African countries have been challenged to safe guard their economies so that they achieve economic development in the year 2013. The World Bank in their new report entitled Global Economic prospects report say that the world's economy performed poorly in the year 2012 due to the onset of the global financial crisis.

London Summit Take Aim at Africa’s Population With Contraception Fund

A summit aimed at halving the number of women in developing countries without access to birth-control/contraception opened in London on Wednesday, and African women...

Economic Growth in Africa Remained Robust in 2011 – World Bank

The World Bank in its newly-released Global Economic Prospects (GEP) shows that economic growth in Africa remained robust in 2011 at 4.7 percent. Excluding South...

Nigeria the Least Indebted Developing Nation – PDP

The Peoples Democratic Party (PDP) has said that Nigeria, against what it termed the misinformation by the Action Congress of Nigeria, ACN, is still...

Intra-African Trade Growing Rapidly

Though the World Trade Organisation (WTO) has long held that trade between African countries is too low, experts at the South Centre, an inter-governmental...

The Battle Over Development-Led Globalisation

Industrialised countries have mounted an unprecedented campaign to stop the United Nations Conference on Trade and Development from providing policy advice to the poorest...

Kenya Full Steam Ahead to Sustainable Energy

There is clean energy in the ground in Kenya - a lot of it - and Kenya has already moved to start tapping the...