A fairly wise article.
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One place African leaders might look to is India. While far from corruption-free, India is the largest electoral democracy in the world, with a burgeoning consumer class to match. Indian companies are beholden to the policies of a democratic government in New Delhi, which in turn is beholden to 1.3 billion voters. The country has a corresponding philosophical disposition to engage in similar politics abroad. Does this mean an influx of Indian investment will necessitate liberalized African politics? Not across the board—but the odds seem likelier than sticking with Chinese cash.
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Why India not China is a better investment partner for Africa 8211 Quartz
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One place African leaders might look to is India. While far from corruption-free, India is the largest electoral democracy in the world, with a burgeoning consumer class to match. Indian companies are beholden to the policies of a democratic government in New Delhi, which in turn is beholden to 1.3 billion voters. The country has a corresponding philosophical disposition to engage in similar politics abroad. Does this mean an influx of Indian investment will necessitate liberalized African politics? Not across the board—but the odds seem likelier than sticking with Chinese cash.
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Why India not China is a better investment partner for Africa 8211 Quartz