ARTICLE: "World Bank President Promotes Growth Initiatives for Africa," by Bob Davis, Wall Street Journal, 3 April 2008, p. A6.
Zoellick wants Sovereign Wealth Funds to target Africa, citing the usual BRIC crew and Gulf states. He's really looking for that to come in agriculture, where local investment rates are terribly low (the norm for ag-subsistence countries; if you want lotsa investment in ag, look to urbanized countries. There, on average, public spending is 17 percent, compared to only 4 percent in ag-based economies).
Underlying fears of future food costs ...
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