ABSTRACT
A frican CEOs talk about the United States often, and at surprising depth. U.S. institutions, economic model, and culture are more
top of mind than our proximity, trade, and investment might sug-
gest. African bilateral trade with the U.S. in 2010 was 12 percent of
Africa’s total, less than its trade with Europe or China.1 The stock
of FDI from the U.S. into Africa is second to France’s, but is over-
whelmingly concentrated behind the fence-lines of natural resource
operations.2
