An edition of The next factory of the world (2017)

The next factory of the world

how Chinese investment is reshaping Africa

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Last edited by ImportBot
July 19, 2023 | History
An edition of The next factory of the world (2017)

The next factory of the world

how Chinese investment is reshaping Africa

  • 5 Want to read

China is now the biggest foreign player in Africa: largest trade partner, largest infrastructure financier, and fastest-growing source of foreign direct investment. Chinese entrepreneurs are flooding into Africa, investing in long-term assets, such as factories and heavy equipment. The fact that China sees Africa not for its poverty but for its potential wealth is a striking departure from the attitude of the West, in particular the United States. For fifty years the West has engaged in countless poverty-alleviation and development-aid programs in Africa, yet Africa still has the largest number of people living in extreme poverty of any region in the world. Considering Africa's difficult history of colonialism, one might suspect that the current story of China in Africa is merely a story about exploitation of resources. Author Irene Yuan Sun follows these entrepreneurs and finds, instead, that they are factory owners, building in Africa what they so recently learned to build in China--a global manufacturing powerhouse. This gives rise to a tantalizing possibility: that Africa can industrialize in the coming generation. With a manufacturing-led transformation, Africa would be following in the footsteps of the United States in the nineteenth century, Japan in the early twentieth, and the Asian Tigers in the late twentieth century. Many may consider this an old-fashioned way to develop, but it's the only one that's proven to raise living standards across entire societies for generations. And with every new Chinese factory boss setting up machinery and hiring African workers, that possibility becomes more real for Africa.--

Publish Date
Language
English
Pages
211

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Previews available in: English

Book Details


Table of Contents

Introduction: From the current factory of the world to the next factory of the world
Part 1. Realities: A human chain reaction
The life, death, and rebirth of factories
Cloth and clothing, steel rods and steel sheets
Taking a gamble
Part 2. Possibilities: On the line
Two steps forward, one step back
Good (enough) governance
"If we could do it, then so can this place"
Epilogue: Feeling the stones.

Edition Notes

Includes bibliographical references and index.

Classifications

Dewey Decimal Class
338.4096
Library of Congress
HD9737.A352 S86 2017, HD9737.A352S86 2017

The Physical Object

Pagination
211 pages
Number of pages
211

ID Numbers

Open Library
OL26941340M
Internet Archive
nextfactoryofwor0000suni
ISBN 10
1633692817
ISBN 13
9781633692817
LCCN
2017016533
OCLC/WorldCat
979557541

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July 19, 2023 Edited by ImportBot import existing book
January 17, 2023 Edited by ImportBot import existing book
December 20, 2022 Edited by MARC Bot import existing book
May 24, 2019 Created by MARC Bot import new book