j.r. leonard on Twitter: "But Africa’s growth isn’t being driven by export-led manufacturing. It’s being driven by commodities and publicly-funded infrastructure builds… https://t.co/PJWtx7erA4"

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Noah Smith ‏Verified account @Noahpinion Apr 24

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1/Today's post is about one of the two most important things happening in the entire world (the other being climate change): AFRICAN INDUSTRIALIZATION!https://www.bloomberg.com/opinion/articles/2019-04-24/africa-s-only-way-out-of-poverty-is-to-industrialize …

49 replies 478 retweets 1,096 likes

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Noah Smith ‏Verified account @Noahpinion Apr 24

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2/What happens in Africa is of utmost importance, because Africa is quite literally the future of the human race.pic.twitter.com/wAlIzNmEHI

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Noah Smith ‏Verified account @Noahpinion Apr 24

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3/And Africa is also the epicenter of material deprivation. Already, over half of the world's extremely poor people live in sub-Saharan Africa. In just a few years, almost ALL extremely poor people are projected to live in Africa.pic.twitter.com/wL9zIh7l9L

4 replies 44 retweets 161 likes

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Noah Smith ‏Verified account @Noahpinion Apr 24

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4/How can African poverty be reduced? Decades of effort by well-meaning Western aid and development programs have helped some people, but have not fundamentally changed the situation in Africa.https://psmag.com/social-justice/smart-guy-jeffrey-sachs-nina-munk-idealist-poverty-failure-africa-65348 …

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Noah Smith ‏Verified account @Noahpinion Apr 24

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Noah Smith Retweeted CNN International

5/Of course, the West can contribute lots of science and innovation to Africa - for example, the new malaria vaccine. But much much more than vaccines will be needed if African countries are to escape poverty.https://twitter.com/cnni/status/1120798560671477760 …

Noah Smith added,

CNN InternationalVerified account @cnni

The world's first malaria vaccine will go to 360,000 African children https://cnn.it/2ZwgqnC pic.twitter.com/Znh92w6ebV

4 replies 19 retweets 94 likes

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Noah Smith ‏Verified account @Noahpinion Apr 24

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Noah Smith Retweeted Noah Smith

6/But a new force has arrived that really DOES have the chance to defeat poverty in Africa: Industrialization.https://twitter.com/Noahpinion/status/1120023799921963008 …

Noah Smith added,

Noah Smith Verified account @Noahpinion

This is an incredible book, and everyone should read it. (It's also very short and highly readable.) https://www.amazon.com/Next-Factory-World-Investment-Reshaping/dp/1633692817/ref=sr_1_1?keywords=the+next+factory+of+the+world&qid=1555869413&s=gateway&sr=8-1 … pic.twitter.com/FwFRsWm873

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Noah Smith ‏Verified account @Noahpinion Apr 24

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7/Chinese businesspeople are moving to Africa and setting up factories. They are investing their own money (not loans!). They are employing local workers. They are providing education and training. This is not colonialism. This is real development.https://www.mckinsey.com/featured-insights/middle-east-and-africa/the-closest-look-yet-at-chinese-economic-engagement-in-africa …

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Noah Smith ‏Verified account @Noahpinion Apr 24

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8/And African countries are putting up some impressive growth numbers. Ghana, Rwanda, Ethiopia, and other countries are among the world's fastest-growing countries. Faster than China.pic.twitter.com/c6ysmPdZNL

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Noah Smith ‏Verified account @Noahpinion Apr 24

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9/Capitalism is working in Africa - warts and all.pic.twitter.com/3DDwnoQ0sa

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Noah Smith ‏Verified account @Noahpinion Apr 24

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10/But it's not just capitalism in general. It's a specific kind of capitalism - the "flying geese" theory of manufacturing. Manufacturers are always looking for the "next factory of the world". China is played out. It's Africa's turn. https://pdfs.semanticscholar.org/c905/6d95f98fcd15dd01e1dce9202c3a168e73e5.pdf …

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j.r. leonard‏ @J_RtheWriter Apr 24

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But Africa’s growth isn’t being driven by export-led manufacturing. It’s being driven by commodities and publicly-funded infrastructure builds

9:08 AM - 24 Apr 2019

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