While the US certainly lost business because of this, it’s hard to say that they lost Africa when there’s still huge FDI in Africa [0] even compared to China the US had $50B in 2014-the last year I found both country data- vs China’s $32B. FCPA is 40 years old.
China will surpass the US in Africa, but they’ll surpass the US in everything economic, eventually.
China will surpass the US in Africa, but they’ll surpass the US in everything economic, eventually.
[0] https://www.statista.com/statistics/188594/united-states-dir... [1] https://www.brookings.edu/blog/africa-in-focus/2018/07/25/fi...