Inclusive Growth In Africa, Italian Pea Gardens and French Lovers
One of the major questions for Africa today, is how we achieve inclusive economic growth for all of our people.
For centuries, it seems that capitalism has created inequality. There is nowhere on earth that this disparity between the rich and the poor is more obvious than Africa.
I postulate that labour intensive industries such as manufacturing will play a role in this growth. However high trade barriers and a new Trump/Brexit led wave of populism mean Western Europe may not help Africa in the way that it has helped Central/Eastern Europe profit from industrial exports. In addition to this, Asia has created a complex manufacturing value chain huge benefits in terms on economies of scale. Even if Africa is able to prise production from Factory Asia’s grasp. We are faced with another problem. Manufacturing may no longer offer the employment or income gains that it once did.
I have posted the rest of the article here: https://www.linkedin.com/pulse/italian-economist-his-french-lover-african-growth-story-orekunrin