The China’s Industrialization Policy is Now Outdated for Africa [Audio]

In this Tekedia Daily, I explain why Africa must redesign the China’s industrialization policy which many of the countries are adopting. As I note, China’s policy is now outdated because of many elemental changes in technology and globalization. So, what worked for China 30 years ago cannot work for Africa today despite our perceived thinking that we have comparative advantages that will shift the Miracle of China to Africa. A big dislocation has arrived in the world of commerce; I explain. China understands that, and has since updated and upgraded what was working until it began to lose steam.

There is a new world where AIs are signing contracts to make music for record labels. Yes, music will not be personalized. You can listen to Davido or Beyonce but we can have many flavors of Davidos and Beyonces, all AI-personalized to just be Davido or Beyonce singing for you!

Warner Music has become the first major label to sign a record deal with an algorithm. The German mood music app Endel has been signed to create 20 albums this year alone with five already released. The app creates personalised soundscapes for users depending on their requirements, whether it be to relax or to focus. The official site refers to it as “a cross-platform audio ecosystem”.

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1. Interesting and beautiful. Yet there lots we can learn and apply from China. Nevertheless the mistake would be trying to copy and paste what worked in a system into another totally different system whether from China or anywhere else. (Even in personal computers, copy and paste doesn’t always work if the format or tech is fundamentally different.) Historically and unfortunately many Africans think they can always copy and paste progress from somewhere else without factoring in fundamental differences. Perhaps we should learn as much as possible from China and the rest of the world but factor in the technological, demographic, economic, and cultural variations and more while we try to leap frog developments.

2. As always, what brought you success in the past may not be able to guarantee your relevance going forward. Many changes have happened in the last few decades, so citing how China did it and using the same logic in the era of knowledge economy says a lot about how detached some policymakers are from reality. But the biggest challenge is in the education sector, how relevant most of the contents being taught to young people in the universities are could be anyone’s guess. If we cannot win via industrialisation, at least let’s put up a fight via knowledge acquisition and application.