Founders I've met from Nigeria, especially, suggest that those who think Africa is going to remain poor instead of following Asia are being too pessimistic. I realize this is only anecdotal evidence, but I have quite a lot of it.
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Agreed, here's one thing I grapple with though, is what africa can look forward to being the next global sweat-shop supplying mostly cheap consumer items via Chinese belt & Road financed businesses? Or can it compete by offering decent labour I.e. tech & combo of tech and agri
If a country becomes rich enough, wages get too high for it to be attractive as a location for sweatshops.
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Sweatshop implies a level of exploitation that is not yet organized in most African countries, for most people involved in non beurauxratic labor the idea of a job that provides any level of predictable wage is still just a dream
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This is how I see it. Even "sweatshops" in Asia served a purpose for a while. Every economy goes through this phase. They create awareness of what is possible. The bigger problem is seeing Africans as helpless victims, we are not. What I have seen abundant in Africa is learning.
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Simple, but makes sense. Along the same vein or perhaps slightly off topic, what abt the idea that modernised Africa wld become another negative contributor to climate change?
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Since the continent has what a lot of dev countries aim for: to reverse some effects of modernisation by planting trees again. Africa has vast landscapes of untouched nature. This makes a compelling argument for selling this advantage as tourism and building an industry around it
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