Financial Times FT.com

Time for the west to practise what it preaches

By Abdoulaye Wade, Senegal’s president

Published: January 23 2008 16:28 | Last updated: January 23 2008 16:28

When it comes to China and Africa, the European Union and the US want to have their cake and eat it. In an echo of its past colonial rivalries, European leaders and donor organisations have expressed concerns that African nations are throwing their doors open too wide to Chinese investors and to exploitation by their Asian partners.

But if opening up more free markets is a goal that the west prizes – and extols as a path to progress – why is Europe fretting about China’s growing economic role in Africa? The expansion of free markets has indeed been a boon to Africa. But as I tell my friends in the west, China is doing a much better job than western capitalists of responding to market demands in Africa.

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