Africa: The lessons from China

Third World Network Africa has a transcript of an interview with Yao Graham on its website. Speaking about China, Graham says: "The thing is if we look at how China has been able to get where it has, there are important lessons and possibilities that we could get from the relationship. There are some lessons that are clearly standard: planning very carefully for the long-term; liberalizing and de-regulating in a phased way; recognizing an important role for the state in supporting private capital development, and the whole economy as a whole; a selective attitude to the inflow of FDI and foreign capital, and in general, a sense of guiding it into the sectors that you think would be most beneficial, rather than a free-for-all; and also targeting the way in which you develop technology, and to apply it."