01 / prediction
Yes. I believe that Africa does have a manufacturing future.
“Yes. I believe that Africa does have a manufacturing future.”
- Speaker
- Joe Studwell
- Publisher
- Conversations with Tyler
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Published podcast speaker
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23 transcript-backed records
01 / prediction
“Yes. I believe that Africa does have a manufacturing future.”
02 / belief
“I think that demand for manufactured goods will continue to be high around the world, and the labor cost will continue to be a prime determinant of where producers go for low value-added goods.”
03 / belief
“I agree the people who come out of the IITs are fantastic, but there are only 30,000 people in the IITs.”
04 / belief
“I think that Africa should and probably will experiment with all sorts of things.”
05 / belief
“I suspect that they will carry on with this very messy politics that they have until at some point the relationship between the monarchy and politics is confronted.”
06 / belief
“I think you could say that, but I’m not sure that it’s fair yet to say that they are really going backwards.”
07 / belief
“If I knew more about industrial policy in Brazil, I think what I would be saying is that it’s been ineffectively applied, patchily applied, not applied consistently over a long enough period.”
08 / belief
“I tend to not get much further when I think about this than being profoundly amused by the fact that we have spent the last 250 years being obsessed with the Malthusian view of the world and believing that we’re going to breed ourselves into a disaster.”
09 / belief
“For instance, outside Addis Ababa, there’s a successful Chinese-managed and Chinese-owned investment zone, and it does absolutely fine. So, that type of investment zone, I think, yes, just let people get on with it and leave them alone.”
10 / belief
“I think that you can find cases that bear that out, but I’m not sure that it’s a great rule of thumb when you’re just looking at duration rather than also how colonialism operated, what it did.”
11 / belief
“I haven’t looked in sufficient detail, country by country, to be able to say where. I would say that in Central Africa, Rwanda’s done very well on health.”
12 / belief
“I hear what you say, but I think that’s a problem for Africa going forward and not a problem around which we should judge Africa today.”
13 / belief
“Nonetheless, I would say that the population density is what has allowed Nigeria to have a better performance in agriculture than most people expected over the last 20, 30 years, and has also contributed to the outperformance of the whole Lagos area on the coast, which is a real hive of entrepreneurial activity.”
14 / belief
“I’m thinking about a developmental history of the UK because I’ve never written about my own country, and I think there are a number of things in the development of the UK that are not spelled out particularly clearly in what is generally a very good literature.”
15 / evaluation
“I agree, but again, what I’ve read in World Bank reports suggests that situation is still bad, but better than it was 10 and 20 years ago.”
16 / evaluation
“Yes, the whole approach of targeting cheap money at manufacturing, putting some protection in place, rewarding exporters of manufactured goods — it’s created jobs, it’s raised the technological level at which the economy operates, and there’s really no substitute for it because, as has been shown, manufacturing is the only bit of the economy that really delivers the convergence that we’re supposed to get across the whole economy and the sort of orthodox view of life.”
17 / evaluation
“On energy costs — these have traditionally been very high in Africa because there has not been the investment in energy, but with the development of massively reduced cost for solar and wind, actually, things look quite good, and the development of geothermal as well.”
18 / evaluation
“— and they were misconceived, not least actually, in relation to demographics, because there were projects which actually needed more labor and bigger markets than were there.”
19 / evaluation
“The Nigerian Delta is more densely populated than most parts of Africa. And it reminds us that population density or increased population density alone is not enough to solve all of Africa’s problems, because Nigeria’s been a country plagued with problems since independence.”
20 / prediction
“I think South Africa is deindustrializing because the ANC has followed a hyper-liberal approach to economic policy.”
21 / evaluation
“Also, in garmenting and in textiles, robots don’t work very well because they can’t work with material very well.”
22 / recommendation
“I think that there is, but that is why my book concentrates — when it’s presenting optimism — on what is going on in the private sector, and particularly what’s going on in agriculture, which doesn’t require a lot of state input and state activity.”
23 / prediction
“I think, Tyler, that we will continue to see the form that we’ve seen since independence in Africa.”