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President Obama in South Africa talks about the Generation's Challenge - Unravel Travel TV

199 views · Published 2 July 2013 · 1:38 · Indexed 14 November 2026

Channel: Unravel Travel TV · 2013 · Travel & Events

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President Obama participated in a town hall with the Young African Leaders Initiative at the University of Johannesburg-Soweto in Johannesburg, South Africa (Saturday 29 June 2013) - This Generation's Challenge.

President Obama: "Part of what your generation's challenge will be is making sure that, first of all, you have a transparent, accountable, non-corrupt, open government -- because economic development is not going to happen in the absence of that kind of certainty. That's what businesses want. They don't want to have to pay a bribe just to get phone lines installed in their business. They don't want to have to hire somebody's cousin just to open a business. And we have to be honest about it. In a lot of countries, that's still the case, and that discourages investment. And then as you move into positions of power, I want to make sure that you're negotiating a good deal with these other countries. Now, it's got to be realistic. It's got to be based on what assets do you bring to bear. And initially, at least in some countries and in some regions in parts of Africa, you're looking at a certain type of manufacturing or a certain type of industry that may not be very capital-intensive, for example, because there may not be as much capital initially to invest. So it may start at a smaller scale but continually upgrading and improving the prospects for Africa I think will require that kind of tough, hardheaded negotiations. But I want every country to be here."

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