The Next Factory of the World: How Chinese Investment Is Reshaping Africa
A Best Business Book of 2017 -- The Financial Times
China is now the biggest foreign player in Africa.
It's Africa's largest trade partner, the largest infrastructure financier, and the fastest-growing source of foreign direct investment. Chinese entrepreneurs are flooding into the continent, investing in long-term assets such as factories and heavy equipment.
The danger of this anecdotal evidence is that it is collected in an informal, arbitrary manner and relies heavily on personal testimony that is by its very nature unreliab ...more
A Chinese girl who sat in a car for the first time aged six, and was later reared in America, visited hundreds of Chinese run factories across Africa. Some are manufacturing for export. Some are manufacturing ceramic tiles for the wealthier African needs. These factories are not all wonderful places to work. But by seeking an extra two percent profit on their investment, the owners are providing jobs. These manufacturing ...more
Irene's book is refreshingly different. Not only has she researched the economic history of major African Industralised countries, she has lived in a few and visited many other for research purposes. She truly has a global ...more
This is my first NetGalley review and I’m really excited about it! This website gives you the chance to apply for reading ebooks for free before they are published so that publishers and authors can receive early feedbacks. I applied for The Next Factory of the World: How Chinese Investment Is Reshaping Africa by Irene Yuan Sun and I was really delighted to find out that my request had been accepted!
I chose this book because I had already h ...more
I requested this book because I found the topic intriguing. After reading the book, I still find the topic intriguing, yet I feel that the author could have done more to illustrate all sides of the development. I am going to follow along with the progress mentioned in this book to see if the title comes to fruition, or if China will continue to profit from the endeavor with minimal positive impact for Africans.
I’ve come to realize recently that for me, when it comes to learning new things there is a certain value to sticking with what you know. In the case of this book, I was already quite familiar with manufacturing (industrial and consumer) with China and Chinese manufacturing, but I know practically nothing about Africa (even broadly as a continent, let alone individual countries). Based on the knowledge that I already have, I found that Iren ...more
She starts the book with a personal experience of how she thought she could make a difference in Africa through education. However ...more
It is a book about how the Chinese are working alongside African businessmen, climbers, dreamers and every day citizen to change the economic landscape of the continent. It's a book of hope on how Africa can benefit from the recent success of China in creating enduring factories for the benefit of Africa and the world.
Unlike what a lot of people think, an overwhelming number of ...more
There are a couple key points the author wants to make:
1. Industrialization in east Asia has been a chain reaction, with Japanese factory workers becoming factory owners in Taiwan, workers in Taiwan becoming owners in China, and now former factory workers in China opening factories in Africa. In each step the worker ...more
• Chinese factories in Africa will create broad-based prosperity for Africans and usher in the next phase of global growth for a large swath of the Chinese economy. Per the flying geese theory, a wave of Japanese entrepreneurs spawned a wave of Taiwanese entrepreneurs, who spawned a wave of Chinese ones, and it is the Chinese entrepreneurs that will spawn the wave of African entrepreneurs. Africa has the potential to become China’s successor as the next Factory of the World. Racis ...more
This was a fascinating, well-researched and carefully p ...more
Good primer and thoughts into industrialization and the emerging role of China, though it can be a little skewed in some areas, ignoring aspects of exploitation and disproportionate benefits for local workers. It is addressed moreso through an almost ethnogr ...more
Nonetheless, I found this to be a very informative and educational read. I think she brought up very valid points that were appropriately substantiated. Will be interesting to see how her predictions ...more