Africa’s Only Hope Is Industrialization

https://www.bloomberg.com/opinion/articles/2019-04-24/africa-s-only-way-out-of-poverty-is-to-industrialize

by soroushjp • 7 years ago

3 3 7 years ago

chriselles• 7 years ago

But 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• 7 years 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• 7 years 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 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!

Africa’s Only Hope Is Industrialization

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