Global Media

August 23, 2012

 
A debate has emerged concerning the benefit of aid in encouraging development on the African continent, where critics have argued that is only through a ‘free-market’ and entrepreneurial methods that Africa can rapidly reach its potential. On the other side stand many African leaders and leaders of global NGOs who see aid as critical support to African development – despite the string of broken contribution promises by wealthy nations in the past. Despite the aid v. entrepreneurialism dilemma it can be argues that the African continent requires both approaches in order to raise its growth rate from 5.4% to its target of 7.0% - therefore making significant gains in the area of poverty reduction – and to establish the scientific, technological and financial conditions necessary for sustained future growth. This panel will address how aid and entrepreneurial models can be integrated and executed on the ground to bring sustained and lasting development to the African continent.