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Africa’s Only Hope Is Industrialization
- chriselles 7y agoBut will Africa and other low wage, low infrastructure economies be caught in an automation trap? Where low cost/low value and consistent/repetitive products and services are automated and the high end is protected by advanced infrastructure economies, Would they be better off focused on education and trialling a licensed Lambda-like School with a nationalised income share agreement?
- soroushjp 7y ago> But will Africa and other low wage, low infrastructure economies be caught in an automation trap? This is a good question, one that I'm wondering about myself. I'm hoping to read "How Asia Works" in the near future, to better understand what specific factors were relevant in the early economic success of East Asia.
- 0815test 7y ago> Africa’s Only Hope Is Industrialization This is a common point of view, but not one that's universally agreed upon. Here's a YT video https://www.youtube.com/watch?v=xsAjHzAGZDU https://www.youtube.com/watch?v=xsAjHzAGZDU which explains this controversy in ways that are easy to understand even for non-experts - sadly Wiki doesn't seem to cover it, even though it's clearly notable by now among social scientists!