They want to have plasma TVs like young people in Europe. They are burning to become part of the global Facebook-Twitter community. Moyo: Sixty percent of Africans are younger than 24 years old. SPIEGEL: How realistic is it to expect that American retirement funds or German insurance companies will someday invest their money in Liberia or Malawi? The financial market would penalize those countries that failed to redeem them later. As a second step, they could issue bonds. Moyo: They should get a credit rating to show that they want to be fully integrated into global financial markets. SPIEGEL: Where are Africans supposed to get money if development aid dries up? But the European Union and the United States subsidize their agricultural so that African products have no chance there. The Europeans should open up their markets so that we Africans can sell our products. Moyo: That's not a landgrab that's investment. But the Africans themselves continue to starve. Major corporations - and particularly Chinese ones - are buying up land at dumping prices and then growing corn and grains on it for export. SPIEGEL: What's happening in Africa now is a type of land-grab. It would be better if the West stopped warning Africans about the Chinese. But they also haven't done anything that Western countries haven't done themselves over the last 40 years. SPIEGEL: The Chinese rely on corrupt elites more than ever.

That's the progress that the West has repeatedly promised us over the last 40 years but never really delivered. Many Africans love them because they build streets and stadiums and create jobs. Moyo: The Chinese don't want to impose either democracy or their religion, and they aren't driven by a feeling of guilt about colonialism. Though they are investing in the commodities and food sectors, they care very little about the environment and not at all about human rights. SPIEGEL: Now it's the Chinese who are making inroads on the continent. In Africa, politicians have gotten used to assuming there will always be aid. South Korea knew it would have to stand on its own two feet before long. Moyo: The fundamental difference between Asia and Africa is this: Aid programs like the one for South Korea were limited they ran for a foreseeable period of time.

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Dambisa moyo foreign aid