Attention Economy


Sunday, September 11, 2016

Japan versus China – Battle Shifts to the Foreign Aid Arena

Japan needs to get better at marketing and messaging:
Japan's Aid Needs More Imagination by Mihir Sharma
Sharma correctly notes:
“Shinzo Abe’s recent promise of $30 billion in financing to African countries over the next three years shouldn’t have come as a great surprise. Quietly, over decades, Japan has become the leading financier of growth-supporting infrastructure across large swathes of the developing world. Perhaps too quietly.
In fact, few people outside the country appreciate the scope of Japan’s overseas development assistance (ODA). In several South and Southeast Asian countries, the country is the largest provider of foreign assistance and low-cost loans, larger than the U.S. or the World Bank.”