Source: University of Michigan (Ross)
African nations soon could surpass India and China to form the next hub for low-cost labor, resources, and production, said experts at the first Africa Business Seminar at Ross. In addition, the opportunity to make money on the continent - and make a difference - is huge right now, they agreed. It's all part of the global "Value-creation migration," which began in the U.S., moved to the "Four Asian tigers" of Singapore, South Korea, Taiwan, and Hong Kong, and then shifted to China and India, said Allan Afuah, associate professor of strategy at Ross. Afuah moderated the seminar, which was a companion to the 34th Annual Alfred L. Edwards Black Business Students Association Conference in early December.