korea’s daewoo corporation is buying half of all the arable land in madagascar in return for $6bn over 20 years.
I feel more convinced than before that Korea needs Daewoo’s success in Madagascar, not only to prove that its model is different from the models of Britain, the United States, the Netherlands, France, Germany and Japan during their colonial pasts, but also that it is setting a new precedent for both African states and outside investors to benefit from.
what a mess. sounds like the start of something ugly.
