are mostly not interacting socially. This creates a notion of which makes it difficult for both sides to get ‘otherness’, familiar with each other. There are also complaints that the working conditions in Chinese companies (notably in the mining and construction sector) are worse than elsewhere. Trade with China Hurts African Business AMS Sanusi, Lamido. “Africa Must Get Real about Chinese Ties.” March 11, 2013. Financial Times. The Financial Times (FT) is a British English language international daily newspaper with a special emphasis on business and economic news internationally. The FT has an average daily readership of 2.2 million people worldwide and is internationally respected for its research on global affairs. Nigeria, a country with a large domestic market of more than 160m people, spends huge resources importing consumer goods from China that should be produced locally. We buy textiles, fabric, leather goods, tomato paste, starch, furniture, electronics, building materials and plastic goods. I could go on. The Chinese, on the other hand, buy crude oil. In much of Africa, they have set up huge mining operations. Nigeria’s They have also built infrastructure. But, with exceptions, they have done so using equipment and labour imported from home, without transferring skills to local communities. So China takes our primary goods and sells us manufactured ones. . The British went to Africa and India to secure raw materials and markets. Africa is now willingly opening itself up to a new form of imperialism. Chinese Hinder African Countries from Reaching Economic Potential AMS Sanusi, Lamido. “Africa Must Get Real about Chinese Ties.” March 11, 2013. Financial Times. The Financial Times (FT) is a British English language international daily newspaper with a special emphasis on business and economic news internationally. The FT has an average daily readership of 2.2 million people worldwide and is internationally respectedf for its research on global affairs. Three decades ago, China had a significant advantage over Africa in its cheap labour costs. It is losing that advantage as its economy grows and prosperity spreads. Africa must seize the moment. We must encourage a shift from consuming Chinese-made goods to making and consuming our own. We must add value to our own agricultural products. Nigeria and other oil producers need to refine crude; build petrochemical industries and use gas reserves – at present often squandered in flaring at oil wells for power generation and gas-based industries such as fertiliser – production.
are mostly not interacting socially. This creates a notion of ‘otherness’, which makes it difficult for both sides to get familiar with each other. There are also complaints that the working conditions in Chinese companies (notably in the mining and construction sector) are worse than elsewhere. Trade with China Hurts African Business AMS Sanusi, Lamido. “Africa Must Get Real about Chinese Ties.” March 11, 2013. Financial Times. The Financial Times (FT) is a British English language international daily newspaper with a special emphasis on business and economic news internationally. The FT has an average daily readership of 2.2 million people worldwide and is internationally respected for its research on global affairs. Nigeria, a country with a large domestic market of more than 160m people, spends huge resources importing consumer goods from China that should be produced locally. We buy textiles, fabric, leather goods, tomato paste, starch, furniture, electronics, building materials and plastic goods. I could go on. The Chinese, on the other hand, buy Nigeria’s crude oil. In much of Africa, they have set up huge mining operations. They have also built infrastructure. But, with exceptions, they have done so using equipment and labour imported from home, without transferring skills to local communities. So China takes our primary goods and sells us manufactured ones. . The British went to Africa and India to secure raw materials and markets. Africa is now willingly opening itself up to a new form of imperialism. Chinese Hinder African Countries from Reaching Economic Potential AMS Sanusi, Lamido. “Africa Must Get Real about Chinese Ties.” March 11, 2013. Financial Times. The Financial Times (FT) is a British English language international daily newspaper with a special emphasis on business and economic news internationally. The FT has an average daily readership of 2.2 million people worldwide and is internationally respectedf for its research on global affairs. Three decades ago, China had a significant advantage over Africa in its cheap labour costs. It is losing that advantage as its economy grows and prosperity spreads. Africa must seize the moment. We must encourage a shift from consuming Chinese-made goods to making and consuming our own. We must add value to our own agricultural products. Nigeria and other oil producers need to refine crude; build petrochemical industries and use gas reserves – at present often squandered in flaring at oil wells – for power generation and gas-based industries such as fertiliser production.
AdvancedLevelFeb15PFBrief.docx