Africa will not get rich by producing only for itself. To find larger markets, firms must export to the world
of development economics and the father of African nationalism did not take long to fall out. Arthur Lewis had made his name studying industrial revolutions. Kwame Nkrumah, Ghana’s first prime minister, had made his resisting British rule. On independence in 1957 Nkrumah invited Lewis to be his adviser.
Yet a transformation of sorts had already begun well before covid-19. The proportion of Africans working on farms fell from 66% in 2000 to just under 58% in 2015. Most of these people flowed into informal services or petty manufacturing, such as taxis or roadside carpentry, where they earn more than farmers. They do not represent the industrial revolution of which policymakers dream. Yet beneath that broad trend lies a myriad of stories.
Expanding markets create economies of scale. Many of Africa’s manufacturers began life as trading firms, switching from imports to local production. The same logic is pulling foreign companies to the continent. Consultants at McKinsey estimate that Chinese firms handled 12% of Africa’s industrial production in 2017, employing several million people. Only a few were eyeing exports to the West. Instead, 93% of their revenues came from local and regional sales.
So African countries are scouting out a new path. “The scope for classic labour-intensive, export-oriented industrialisation is narrower now,” says Yaw Ansu, who advises the minister of finance in Ghana. “But countries like us can compensate by basing our model on adding value to our agriculture and natural resources.” One example is Blue Skies, a company near Accra. Its workers dice fruit sold in European shops.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Risks Of Home Birth Loom For Women In Rural Africa Amid LockdownsFatal hemorrhaging is a serious risk for women in rural Africa who have to give birth at home. This inexpensive drug can help prevent it. But fears that the drug might be used for abortion have kept it out of the hands of women who need it, experts say.
続きを読む »
Coronavirus live updates: WHO warns of 'hotspots' in Africa; Regeneron tests its potential therapy on humansSeveral states across the U.S. are experiencing a significant rise in COVID-19 cases, including Texas, Arizona and Florida. Where could other potential hotspots emerge?
続きを読む »
Jessica Mulroney Apologizes After Accusations of 'White Privilege'Following her apology, Mulroney's show, 'I Do, Redo,' was also taken off all platforms.
続きを読む »
Pulling down statues of racists? Africa's done it for yearsLikenesses of Queen Victoria, Cecil Rhodes and King Leopold, symbols of colonial rule in Africa, have been taken down on the continent they exploited.
続きを読む »
Echo Design Group Chairwoman Dorothy ‘Dot’ Roberts, Dies at 91Roberts led the scarf manufacturing brand for nearly 70 years.
続きを読む »