You have a lot of suspicion from the neighbors of Afghanistan about U.S. intentions. Iran is already, to some extent, trying to undermine the U.S. in Afghanistan. Russia is now becoming increasingly nervous about a more permanent U.S. presence in Central Asia. And China is not keen that the U.S. should be so close to its borders over a long period of time. Certainly, if the U.S. is going to be there for a long time, it's going to exacerbate regional tensions.

The biggest mistake Barack Obama could have made is to change quite a few things in his Afghanistan policy. He increased the number of troops and at the same time set the US withdrawal date to 2014. Now the United States has to ensure that Afghanistan does not immediately collapse after being left to itself in 2014.

In my view, the Western model of influencing the development of third world countries is doomed to failure. The West does not understand how to deal with states that no longer have any authority and are threatened by dissolution. Their efforts failed in Iraq as well as Afghanistan. They are simply not capable of promoting the indigenous economy. Many billions of dollars flooded into Afghanistan, but without any significant effect.

The strategy for peace-building in Afghanistan is economic aid, reconstruction, international security forces. On those lines, the U.S. has been extremely slow. And it has even blocked expanding security forces from Kabul to other cities.

I am confident that there are hedge funds, banks or investment companies that could allocate five percent of their portfolios for risky investments. In any event, for countries like Afghanistan the formation of an entrepreneurial class is of vital importance.

The West would be well advised to change its approach towards failing states. At present, no major power can find the correct ways and means - and the numbers of failing states are increasing. This year we watched the collapse of Mali, a consequence of the Libyan civil war. The south of Libya and Mali, and Niger too, are well on the way to becoming a no-man's land. After 9/11, George W. Bush and Tony Blair made the promise that they would not tolerate failed states because they could become a haven for terrorists. And today? The number increases.

Dysfunctional states like Afghanistan need business people who are deeply rooted in their country and invest in it. They can add stability. But all development programs of the United States and the European countries unfortunately exclude the private sector, which could make investments based on profitability.