The Next Factory of the World: How Chinese Investment Is Reshaping Africa

* Read * The Next Factory of the World: How Chinese Investment Is Reshaping Africa by Irene Yuan Sun ✓ eBook or Kindle ePUB. The Next Factory of the World: How Chinese Investment Is Reshaping Africa China is now the biggest foreign player in Africa: largest trade partner, largest infrastructure financier, and fastest-growing source of foreign direct investment. Chinese entrepreneurs are flooding into Africa, investing in long-term assets, such as factories and heavy equipment.The fact that China sees Africa not for its poverty but for its potential wealth is a striking departure from the attitude of the West, in particular the United States. Many may consider this an old-fashioned way to de

Author	:	Irene Yuan Sun
Rating	:	4.41 (730 Votes)
Asin	:	B01MUGYCME
Format Type	:
Number of Pages	:	260 Pages
Publish Date	:	2015-03-11
Language	:	English

DESCRIPTION:

Previously, she taught secondary school in rural Namibia. Irene Yuan Sun is an engagement manager at McKinsey & Company, where she co-leads the firm’s work on China-Africa economic engagement. Irene is a graduate of Harvard Business School, Harvard Kennedy School, and Harvard College.

China is now the biggest foreign player in Africa: largest trade partner, largest infrastructure financier, and fastest-growing source of foreign direct investment. Chinese entrepreneurs are flooding into Africa, investing in long-term assets, such as factories and heavy equipment.The fact that China sees Africa not for its poverty but for its potential wealth is a striking departure from the attitude of the West, in particular the United States. Many may consider this an old-fashioned way to develop, but it’s the only one that’s proven to raise living standards across entire societies for generations. And with every new Chinese factory boss setting up machinery and hiring African workers, that possibility becomes more real for Africa.With fascinating stories of entrepreneurs, workers, and government officials in Africa, along with incisive business and economic analysis, The Next Factory of the World will make you rethink both China’s role in the world and Africa’s future in the globalized economy.. For fifty years the West has engaged in countless poverty-alleviation and development-aid programs in Africa, yet Africa still has the largest number of people living in extreme poverty of any region in the world.Considering Africa’s difficult history of colonialism, one might suspect that the current story of China in Africa is merely a story about exploitation of resources. Author Ire

About the AuthorIrene Yuan Sun is an engagement manager at McKinsey & Company, where she co-leads the firm’s work on China-Africa economic engagement. Irene is a graduate of Harvard Business School, Harvard Kennedy School, and Harvard College.. Previously, she taught secondary school in rural Namibia