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That's interesting. Do you have any more info on where they are putting those factories?
by PuffinBlue 7y ago
That's interesting. Do you have any more info on where they are putting those factories?
- Symmetry 7y agoEverywhere from Nigeria to Lesotho basically. https://www.goodreads.com/book/show/35288650-the-next-factory-of-the-world https://www.goodreads.com/book/show/35288650-the-next-factor...
- Creationer 7y agoThose stories are exaggerated. Using Ethiopia as an example, there is no infrastructure, unreliable electricity, widespread crime, no direct sea connection, and a literacy rate of only 55%. Average IQ is 69. If you build a factory there, you have to also build the power plant, the roads or rails, train and educate the workforce, and secure everything. Contrast that against somewhere like Indonesia, where you have literacy rates of 95%, decent infrastructure, and average IQ of 87. On top of all that, the 'best' workers in Africa, which could be your foremen or managers, are usually already comfortably employed directly or indirectly thanks to foreign aid. If Africa truly wants development, they should just lease out huge tracts of land to the Chinese for 200 years, and give them authority over it all.
- deleted 7y ago[deleted]
- roboys 7y agoThey are building infrastructure across the whole continent, connecting all major ports. Expect that this will cause a decline in EU GDP as the remnants of colonialism get displaced/replaced.
- pertymcpert 7y agoWhy would it cause a GDP decline? A strong Africa is good for the entire world economy. Another billion wealthy people to buy goods and services, travel and invest.
- IllogicalLogic 7y agoGDP would increase, correct. As a percentage of global GDP, it will decline.
- Redoubts 7y agoYeah, I don’t know about factories per se. Its more been about infrastructure around raw materials export.