September 25th 2017
The Next Factory of the World. How Chinese Investment is Reshaping Africa. Irene Yuan Sun
The Next Factory of the World. How Chinese Investment is Reshaping Africa. Irene Yuan Sun. 2017. ISBN 9781633692817. A thoughtful analysis of the similarities of Africa and China in how Africa could replicate China’s jump from an agrarian to a manufacturing country in a very short order. The author makes some very good , logical points as to how this could be achieved. IN many ways Africa is exactly like China was just one generation ago. The same Chinese businessmen who made this jump in China are now doing the same in Africa. And Africa does have the poverty level farmers who would see a low wage industrial job as a step up. Plus by working for these Chinese businesses the Africans can learn how to do run a factory and eventually have factories of their own. The Chinese have recent experience with corruption at home so they know how to deal with African corruption. I was interested to read that the bulk of investment is from private Chinese firms, not the famous Chinese zombie state enterprises. From a Western perspective we may be losing sight of how simple this could be as we are too far along the technology path. A delightful and useful read.
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Category: History, Management, Manufacturing
