Based on Next Factory Book: Please share thoughts after reading the book on China in Africa about both China’s role in the world and Africa’s future in the globalized economy.
Sample Solution
The Next Factory of the World: How Chinese Investment Is Reshaping Africa by Dinny McMahon explores China’s investments in African nations, which have grown exponentially since 2000. McMahon argues that this investment has resulted in both positive and negative effects for Africa. On the one hand, Chinese capital has provided much needed infrastructure development and job creation across the continent helping to raise incomes and reduce poverty levels. However, Chinese firms often bring their own labor force from home rather than hiring local workers resulting in a ‘brain drain’ as well as environmental degradation due to poor regulatory oversight.
Sample Solution
The Next Factory of the World: How Chinese Investment Is Reshaping Africa by Dinny McMahon explores China’s investments in African nations, which have grown exponentially since 2000. McMahon argues that this investment has resulted in both positive and negative effects for Africa. On the one hand, Chinese capital has provided much needed infrastructure development and job creation across the continent helping to raise incomes and reduce poverty levels. However, Chinese firms often bring their own labor force from home rather than hiring local workers resulting in a ‘brain drain’ as well as environmental degradation due to poor regulatory oversight.