Feeling the Stones
While all things are theoretically possible at all times, history nonetheless presents openings during which change is most probable. This book describes one such moment for Africa. Right now, the confluence of rising labor costs in China, the relocation of Chinese factory owners with valuable life experiences to Africa, and Africa’s demographics makes it possible for us to imagine that Africa might very well become the next Factory of the World.
But if Africa’s industrialization is predicated on Chinese investment, will it be endangered as China’s economy slows? Indeed, from growth rates of nearly 10 percent a year for three decades, Chinese economic growth has dropped to a more modest though still enviable 5–7 percent ...