Beijing Olympic Games: Lessons for Africa

Published on 5th August 2008

China has weathered setbacks this year. They include the snowstorms at lunar New Year, the devastating earthquake, the rioting by Tibetans and accusations of human rights abuses. In spite of all these, China is basking in the moment of glory for hosting the 29th Edition of the Olympic Games.

 

The event  that will feature 10 000 athletes from over 200 countries will not only be watched live by an estimated one billion people, but will also, in President Hu Juntao’s words “…show the world the sincere aspirations of the Chinese people to share the benefits of development and join the rest of the world in building a bright future.”

 

The Olympic Games offer numerous lessons to Africa. As participants driven by self interest compete to clinch world titles in various games, the continent ought to learn competition. Competition is the force that compels people to seek new and more efficient production techniques and products. It not only weeds out inefficiency and forces firms to conform to better standards. Monopolies and cartels only serve to make consumers worse through price increase and product unavailability. Like the various types of games, Africa ought to diversify her economic activities by harnessing her natural resource-led economy as well as knowledge economy.

 

Every game has rules to ensure fair play; Africa must embrace observance of property rights, avoid excessive regulation, reduce taxation and invest in infrastructure. As competitors focus on the prize and record-breaking, the continent ought to focus on profit and excellence in all deals.

 

In spite of all the challenges China has faced, the dragon marches on. Africa ought to take responsibility, overcome its challenges and join the rest of the world in building a brighter future.

 


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