In CNN:
via Cp-Africa
More here...will Africa be the world’s next manufacturing hub?
Image courtesy of CNN
Not likely. Manufacturing can be an unprecedented opportunity for Africa to industrialize and provide productive jobs to millions of Africans, especially young people who make up as much as 36% of the total working-age population; three in five of Africa’s unemployed are under the age of 25.
Read more: Is the West losing out to China in Africa?
But the emergence of China as a powerhouse producing a variety of manufacturing goods at very cheap prices thanks to the large scale and skilful exploitation of the supply chain means that not all manufacturing jobs will be transferred from China to Africa.
Due to widely varying country conditions, some African economies can take advantage of favorable wages and natural resources and benefit from taking timely measures to develop and export manufacturing goods.
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