The Next Factory of the World: How Chinese Investment Is Reshaping Africa
It is no secret that China is no longer the cheapest place to make clothes and other cheap items that one can buy. They are moving to cheaper regions of the world, and one of those places is Africa. In this book, Irene Yuan Sun examines how Chinese companies have invested in different parts of Africa to find wealth and to help bring an industrial revolution to a long-neglected continent. With factories becoming more and more automated, it is not totally certain that investing in large factories will employ that many people or raise these countries out of poverty. Ms Sun splits the books into a couple of parts. In the first part, she examines how Chinese businessmen opened up factories in a couple of different countries and looks at their stories and their successes. The second part looks at how these factories are helping to train a new generation of home-grown talent and at how they will truly help Africa become the next factory of the world. This often feels like a propaganda piece written by a local chamber of commerce. Ms Sun rarely goes into details, instead she focuses mainly on interviews. And she rarely ever gets to topics related to what is holding Africa back.
Harvard Business Review Press
Irene Yuan Sun