Re:Manufacturers want to quit China for Vietnam, but find it...
by roboys on Thursday August 22, 2019 @06:45AM
(#20766591)
The underdevelopment of Africa is/was a deliberate decision of the west that China is undoing.
Smart investors realize China/India's future economic status depends on being able to offset loss of western demand/trade with direct trade with African markets.
This is generally better for the whole planet but not if you have a "zero-sum game" mentality (seems more common in the West than East).
Re:Manufacturers want to quit China for Vietnam, but find it...
by ThrustVectoring on Thursday August 22, 2019 @02:09PM
(#20770838)
The decisions made by roughly 1800 C.E. industrialists to concentrate development in Northern Europe and the United States can be made on a purely geographic basis. African rivers are generally not navigable to the sea, and to this day the cheapest way of transporting goods is to barge it down the river. The US, on the other hand, has the most extensive network of navigable rivers, with the Mississippi and the connections made to various smaller rivers on the Eastern Seaboard via Chicago, the Great Lakes, and the Hudson.
Respect for property rights and political stability is definitely a downside, though. The first industrialists that manage to build out after the last land war or socio-political upheaval are going to get some really nice returns, though.