This collapse has plenty of causes. In countries such as Zambia, firms were nationalised and run into the ground by bureaucrats. In resource-rich places such as Nigeria exports of oil or other commodities led to an overvalued local currency, making it cheaper to import things than make them. As much of the continent opened up to imports in the 1990s, manufacturers struggled to hold their own against hyper-competitive Chinese firms with the scale to drive down costs.
Thankfully, newer data suggest it is not. Sub-Saharan Africa’s manufacturing slump bottomed out in the 2000s. Since 2010 the number of workers in African factories has. So has factory output. Worries about deindustrialisation now look as if they are premature.
Free trade Are you serious!! Free trades only benefits the Powerful developed nations !!! It worsen off the poor developing nations!!
The Economist is, as usual, on the wrong side of history. No country ever achieved industrial development through crude free trade. Japan, Korea, Taiwan, Malaysia, Thailand, China, India all followed MANAGED trade. And so, in its own way. did Britain.
Oh good, now the wealthier regions of the world have an expanded array of options for exploiting Africa... nofreetradewithoutfairtrade
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And if they don’t embrace free trade, a couple wars should shake things out justeconomistthings 🥰
Are African governments able to embrace better policies that promote free trade?
Just make sure African manufacturing jobs don't go to Chinese Communists living in Africa.
Improving some infrastructure is required
that's to the african united nation to figure out, what you trying to meddle into now lol.. and omm, yeah fuck black america right haha..
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