The world’s next manufacturing center
Africa’s competitive advantage in manufacturing is mainly due to its demographic make-up and resource abundance. Landry Signé argues that Africa has the potential to capture part of the 100 million labor-intensive manufacturing jobs that will leave China by 2030. FDI in Africa’s manufacturing is concentrated around mining and resource extraction. A notable exception is Ghana where a number of well-known multinational producers such Unilever and PZ Cussons have set up shop. But poor infrastructure, burdensome tax bureaucracies and very low levels of labor skill are hindering quick progress.
The potential of manufacturing and industrialization in Africa
By: Landry Signé – Brookings
The difference law makes
David Yermack found that there has been a rapid adoption of social media, digital currency, ride sharing, and other FinTech applications but only in Sub-Saharan countries with a common law legal heritage and not in those with a civil law system.
FinTech in Sub-Saharan Africa: What Has Worked Well, and What Hasn’t
Author: David Yermack
From: New York University
