African economic growth has skyrocketed in the past decade, and UNC alumnus Tom Woods thinks America needs to beat competitors to the continent.
Woods, the deputy assistant secretary of state for Africa from 2004-06, gave a lecture Monday entitled “Winning in Africa: A Strategy for Success” about one of the world’s largest emerging markets.
A key purpose of the lecture was to encourage engagement in the region, as opposed to endless donations of humanitarian aid.
“In the news media (Africa) is portrayed as in a perpetual state of crisis,” he said. “This is not the Africa I know.”
Woods spoke about many opportunities for Africa as an emerging market, including joint business ventures in health development, infrastructure growth like increasing road linkages to help subsistence farmers sell their produce and revitalizing agriculture.