Most African countries export raw materials to China and import labor-intensive manufactured goods. If this continues, the African continent could be condemned to underdevelopment.
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Dear William,
I read this piece and the one you have written in the Guardian with interest. I am glad that you have seen fit to ventilate this issue. Before the stupendous rise and industrialisation of China and India, Africa was entirely dependent on an egregiously one sided demand structure. There was one Customer and it was the West. Africa was always in a precarious state because typically we were only offerred short maturity contracts for our resources and this translated into a hand to mouth existence.
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I hail from Mombasa and you will find Chinese porcelain in Fort Jesus which hails from the 15th or 16th centuries, so this relationship is not a new one but a rekindling of an old flame.
I reckon we have passed an inflexion point in terms of the Continent. What excites me most is that it is now largely about simply plugging ourselves in to the world. That is probably 18 months forward, when the undersea cables start to land on the Eastern seaboard. We can compress many wasted years into a very fast short catch up.
It really is wonderful to be home.
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