Singapore is a relatively young country, like many in Africa, but is now globally considered as an example to follow in terms of sustainable economic development.
If we have to explain the key to its success in the shortest possible way, we would cite the following factors:
Although each country is unique and has a particular story to tell (with its strengths and weaknesses), the case of Singapore can serve as an example for African countries, in pursuit of structural reforms that are capable of creating economic and social development.
Aid has never been a catalyst to escape poverty and achieve economic development in any African country.
With this structure, it is unimaginable that the AU can develop economic and social policies at the continental level that would allow African countries to position themselves in the international arena to compete with other economic poles on equal terms.
It is in this sense that we continue to advocate for the responsible implementation on the African continent of Local Content policies in the extractive industries to ensure that African natural resources promote and pave the way towards a sustainable socioeconomic development of our continent.
