China’s Trade in Africa Carries a Price Tag
Posted by Grant Brewer
The New York Times carries an interesting article on the affect of low cost Chinese imports on local manufacturing in Africa; and the conclusion is that factories in Africa have suffered. On so many levels Africa suffers at the hands of globalisation. In some senses, it is a penalty for not having sorted itself out earlier in the last century. The only upside is the investments that China is making in Africa, although these seems to be largely related to commodities. Trying to fix some of the issues in Africa is double hard today because of the open-ness of the global economy. As the article points out, it makes establishing a healthy, diverse economy difficult.
(Via The New York Times - New Power in Africa.)
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