Article 4NXGY The west takes its eyes off Africa at its peril | Larry Elliott

The west takes its eyes off Africa at its peril | Larry Elliott

by
Larry Elliott
from on (#4NXGY)

The G7 thought it had solved Africa's problems, but rising child poverty is a ticking time bomb

Time was when Africa dominated gatherings of the G7. In the period between two summits held in the UK - Birmingham in 1998 and Gleneagles in 2005 - the talk was of little else. There was public activism and it led to political action.

In part, that was because the big developed countries were enjoying a spell of low-inflationary growth and could look beyond their own problems to see a bigger picture. There was the occasional financial panic, but the G7 thought the problems of economic management had largely been solved and all that was needed was a bit of tinkering by technocratic central bankers.

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