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• tigerexotique - Aug 21 2007 | news, economy, globalization, Africa, China, market

  Quoted: Manufacturing has suffered in Africa as cheap Chinese goods flood the market, eliminating needed jobs.
  Today, only the cotton gin still runs, with the company’s Chinese managers buying raw cotton for export to China’s humming textile industry. Nobody can say when or even if the factory here will reopen.

  “We are back where we started,” said Wilfred Collins Wonani, who leads the Chamber of Commerce here, sighing at the loss of one of the city’s biggest employers. “Sending raw materials out, bringing cheap manufactured goods in. This isn’t progress. It is colonialism.”

  this is quite the problem. will Africa ever be at the positive end of the global market, and if so, how? obviously, export of raw goods has been a key to many African nations, but that alone cannot sustain an economy in this emerging high-skilled labor boost of the global economy? should China be blamed or do African nations need to emphasize the training of skilled-labor...