n African Renaissance - Africa and global politics : please mind the gap

Volume 6, Issue 2
  • ISSN : 1744-2532
  • E-ISSN: 2516-5305


Leaders of the world's major economies gathered at the London Summit of the G20, resolved that an urgent and necessary boost to the global economy would be required in the form of increased assistance to developing nations, especially the poorest of them. The motive for this benevolence at a time when their domestic economies have been terribly hit by the deepest recession since the 1930s, is best captured in the sentiments expressed by the American President, Barack Hussein Obama in the days leading up to the summit. He was emphatic that the task of rebuilding the world's economy is a shared task. In his view, this task is not one that should be left to the richer countries or the key international institutions alone. In other words, the rich countries should not be bailing out the poor as they have always done and as the poor countries apparently expect.

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