Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

Destination Havana: Getting Investment Flowing Might Be Tougher Than You Think

Lifting the trade and investment embargo on Cuba is a laudable policy objective that would allow Cubans better access to American goods and services. It might also give American businesses a boost, including from places that could do with one, like rural Louisiana. Changing the law will be an uphill struggle unless November’s elections transform Congress. But even if Congress can agree, changes to the law might not be sufficient to convince investors to go to Cuba.

Is China Losing Interest in Africa?

Last week, the Aluminum Corp. of China, otherwise known as Chinalco, received regulatory approval to proceed with its investment of $19.5 billion in the Australian-based mining giant Rio Tinto, giving the Chinese access to a large and secure supply of iron ore, copper, aluminium and other resources in Australia and Latin America. Is this a signal that China is losing interest in Africa? Or that African governments are becoming disenchanted with their Chinese partners?