Hello guys it's @joetunex and @josediccus here again. In today's video, we looked at the effect of the Chinese business model in Africa on individuals' standards of living, and production, the effect on the cost of living, and survivability as well as the analysis of the degree of dominance of Chinese labor over indigenous establishments in African countries.
We started the show by talking about how the Chinese business model looks Symbiotic on the surface to the Nigerian government but looks rather one-sided and unfair to individual persons. @joetunex talked about his personal experience with a Chinese-managed telecommunication business managed by the Chinese in South Africa and how this model has influenced and caused difficult working conditions, especially in the aspect of money.
@josediccus analyzed, how African countries seem dependent on the Chinese from infrastructure to technology because Nigeria as a country isn't a producing economy. Meanwhile, the Chinese pack skills, labor, and manpower especially professional expertise, hence it's easier to exploit the Nigerian market, exploit skilled labor without having any internal control or limitations.
At the end of the podcast, we both agreed that Africa as a whole isn't a manufacturing continent, hence, the government in different places is always liason or deals with the Chinese. We went ahead to analyze the fact that Africa might find it difficult to reduce this dominance but can create a certain limitation in Which it'll be difficult to completely take control of the states, people, and resources at the same time.
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