ChinAfrica and the development of the human capital

The development of human capital and know-how is a key element and the foundation for economic growth, especially for least developed countries. The question is how the Chinese involvement in the African continent may affect the progress of Africa, economic growth and productivity, the generation and distribution of income and wealth, the working of labour market, the environmental equilibrium development of human capital that it implies. It is well known that human capital depends on the care and nurturing of children, education, experience, learning by doing for example. It also of depends on good governance, appropriate institutions and public and private expenditures on infrastructure. During the last decade tens of thousand Chinese entrepreneurs have uprooted themselves from China and migrated to Africa, the world’s poorest continent, with Chinese-government approval. According to the estimations, there are around 750,000 Chinese across the continent, 900 Chinese companies, and an overall Chinese investment of $6 billion. The Chinese work in agriculture, trade, oil industry, and construction. They develop giant state-financed infrastructure projects building roads, railways, sports stadiums and parliament buildings. Today the Chinese are Africa’s newest, most enthusiastic capitalists. China’s overriding motivation in Africa is raw materials. It may have become the workhouse of the world but it has almost no natural resources of its own to sustain its new dynamic role. Africa can also be a solution address the problem of the importance of the Chinese population. China is also sending technicians to