With domestic labor costs rising, many Asian manufacturing producers are now looking to relocate their factories in other regions of the world. Could Africa replace Asia and/or China as the world's next manufacturing hub?
To be sure, Africa has a number of manufacturing advantages that it has yet to realize. Besides low labor costs and abundant resources, these include duty-free and quota-free access to U.S. and EU markets for light manufactures under the Africa Growth and Opportunity Act and the Cotonou Agreement.
Is this enough to offset Sub-Saharan Africa's generally low labor productivity relative to that of its Asian competitors?
Sub-Saharan Africa
Top five worst excuses not to go green, go safe and go responsible:
1. It’s too expensive.2. One person can’t make a difference.
3. It doesn’t fit my lifestyle.
4. The quality of the products just isn’t as high.
5. I don’t know where or how to begin.
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