The U.S., Africa And The Global Economy
After the Cold War, most Washington policy-makers viewed sub-Saharan nations as charity cases. International oil and mineral companies extracted valuable raw materials, but most private corporations saw the continent as a shaky investment. But after a decade of record growth on the continent, the United States and other countries are beginning to look at Africa as a destination for investment and as a trading partner important for their own economic futures. We speak with the president of the African Development Bank and a top U.S. Treasury Department official about Africa's evolving role in the global economy.