Download or read book Africa s Rising Exposure to China written by Mr.Paulo Drummond and published by International Monetary Fund. This book was released on 2013-12-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid growth in China’s domestic investment in recent decades has generated a large appetite for global goods, including from sub-Saharan Africa (SSA). This paper estimates the impact of changes in China’s investment growth on SSA’s exports. Although rising trading links with China have allowed African countries to diversify their export base across countries, away from advanced economies, they have also led SSA countries to become more susceptible to spillovers from China. Based on panel data analysis, a 1 percentage point increase (decline) in China’s domestic investment growth is associated with an average 0.6 percentage point increase (decline) in SSA countries’ export growth. This impact is larger for resource-rich countries, especially oil exporters. These effects could be mitigated, however, to the extent that countries can reorient their exports.

Download or read book Africa s Rising Exposure to China written by Mr.Paulo Drummond and published by International Monetary Fund. This book was released on 2013-12-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid growth in China’s domestic investment in recent decades has generated a large appetite for global goods, including from sub-Saharan Africa (SSA). This paper estimates the impact of changes in China’s investment growth on SSA’s exports. Although rising trading links with China have allowed African countries to diversify their export base across countries, away from advanced economies, they have also led SSA countries to become more susceptible to spillovers from China. Based on panel data analysis, a 1 percentage point increase (decline) in China’s domestic investment growth is associated with an average 0.6 percentage point increase (decline) in SSA countries’ export growth. This impact is larger for resource-rich countries, especially oil exporters. These effects could be mitigated, however, to the extent that countries can reorient their exports.

Download or read book Hidden Dragon Crouching Lion written by David E. Brown and published by . This book was released on 2012 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: The explosive growth of China's economic interests in Africa -- bilateral trade rocketed from $1 billion in 1990 to $150 billion in 2011 -- may be the most important trend in the continent's foreign relations since the end of the Cold War. In 2010, China surpassed the United States as Africa's top trading partner; its quest to build a strategic partnership with Africa on own its terms through tied aid, trade, and development finance is also part of Beijing's broader aspirations to surpass the United States as the world's preeminent superpower. Africa and other emerging economies have become attractive partners for China not only for natural resources, but as growing markets. Africa's rapid growth since 2000 has not just occurred because of higher commodity prices, but more importantly due to other factors including improved governance, economic reforms, and an expanding labor force. China's rapid and successful expansion in Africa is due to multiple factors, including economic diplomacy that is clearly superior to that of the United States. China's "no strings attached" approach to development, however, risks undoing decades of Western efforts to promote good governance. Consequently, this monograph examines China's oil diplomacy, equity investments in strategic minerals, and food policy toward Africa. The official U.S. rhetoric is that China's rise in Africa should not be seen as a zero-sum game, but areas where real U.S.-China cooperation can help Africa remain elusive, mainly because of Beijing's hyper-mistrust of Washington. The United States could help itself, and Africa, by improving its own economic diplomacy and adequately funding its own soft-power efforts.

Download or read book What Drives China s Growing Role in Africa written by Jian-Ye Wang and published by International Monetary Fund. This book was released on 2007-08 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: What role does China play in Africa's development? What drives China's increasing economic involvement in the continent? This paper attempts to provide a quantified assessment of China's multifaceted influence as market, donor, financer and investor, and contractor and builder. Though in the past official development aid predominated, the paper argues that government policies, markets for each other's exports, Africa's demand for infrastructure, and differences in China's approach to financing have together moved commercial activities-trade and investment-to the center of China-Africa economic relations. While China's public sector, state financial institutions in particular, has been instrumental in the process, the influence of its private sector is increasing. Implications for the future of China-Africa economic relations are briefly noted.

Download or read book Africa s Shadow Rise written by Doctor Padraig Carmody and published by Zed Books Ltd.. This book was released on 2020-09-17 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years economists have spoken of ‘Africa rising’, and despite the global financial crisis, Africa continues to host some of the fastest growing economies in the world. Africa’s Shadow Rise however argues that the continent’s apparent economic ‘rise’ is essentially a mirage, driven by developments elsewhere - most particularly the expansion in China's economy. While many African countries have experienced high rates of growth, much of this growth may prove to be unsustainable, and has contributed to environmental destruction and worsening inequality across the continent. Similarly, new economic relationships have produced new forms of dependency, as African nations increasingly find themselves tied to the fortunes of China and other emerging powers. Drawing on in-depth fieldwork in southern Africa, Africa’s Shadow Rise reveals how the shifting balance of global power is transforming Africa’s economy and politics, and what this means for the future of development efforts in the region.

Download or read book Africa s Silk Road written by Harry G. Broadman and published by World Bank Publications. This book was released on 2006-11-08 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: China and India's new-found interest in trade and investment with Africa - home to 300 million of the globe's poorest people and the world's most formidable development challenge - presents a significant opportunity for growth and integration of theSub-Saharan continent into the global economy. Africa's Silk Road finds that China and India's South-South commerce with Africa isabout far more than natural resources, opening the way for Africato become a processor of commodities and a competitive supplier of goods and services to these countries - a major departure from its long established relations with the North. A growing number of Chinese and Indian businesses active in Africa operate on a global scale, work with world-class technologies, produce products and services according to the most demanding standards, and foster the integration of African businesses into advanced markets.There are significant imbalances, however, in these emerging commercial relationships. These can be addressed through a series of reforms in all countries: 'At-the-border' reforms, such as elimination of China and India's escalating tariffs on Africa's leading exports, and elimination ofAfrica's tariffs on certain inputs that make exports uncompetitive 'Behind-the-border' reforms in Africa, to unleash competitive market forces and strengthen its basic market institutions 'Between-the-border' improvements in trade facilitation mechanisms to decrease transactions costs Reforms that leverage linkages between investment and trade, toallow African businesses to participate in global productionnetworks that investments by Chinese and Indian firms can generate.

Download or read book China s influence in Africa written by Adeline Defer and published by GRIN Verlag. This book was released on 2007-07-23 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Politics - Region: Africa, grade: 1,7, University of Münster (Institut für Politikwissenschaft), course: China and India -Two new global players, language: English, abstract: The third China-Africa Cooperation Forum held in Beijing between the 3rd and 5th November 2006 revealed the growing influence that China is becoming in Africa since a few years. This summit was announced by Chinese officials as being the most important diplomatic event ever organized in the country since 1949. The size of the African participation -48 African countries took part- was telling: Africa’s leaders recognise that China is a now a hugely important economic and political player on their continent. Actually, China has had a long involvement with Africa, going back to the early days of independence movements in the 1960s and before. But the current level and intent of China’s involvement is different. In those earlier days, China’s engagement with Africa was politically driven: personnel, technical assistance and weapons were sent to the continent to support newly independent countries and liberation movements. Besides, during the cold war, African leaders perceived China as a leading nation of the Third World, and Maoism was sometimes used as ideological reference, while China had geopolitical interests in the continent, namely to counter its biggest ideological rival, the Soviet Union, in countries such as Angola and Congo. But in the 1980s, China’s influence and involvement in the African continent waned. China was unable to compete with western aid programs, and Africa had lost its strategic importance for Chinese officials. However, this situation dramatically changed in the last decade. China's policy towards Africa during this period has its roots in the crisis surrounding the Tiananmen massacre and the persistent Western criticism of China’s human rights record. These events indeed provided the initial trigger which compelled the Chinese government to seek closer ties to non-Western countries, and especially with Africa. In addition, the emergence of the international hegemony of the United States in the post-1989 period led China to steer a more active foreign policy. As a consequence, Chinese officials advanced the concept of multipolarity, and reached out to non-Western states to bolster China’s international position vis-à-vis the United States and particularly its room for manoeuvre within the United Nations and other international bodies. Furthermore, since China’s economic boom and its growing thirst for raw materials, the commercial perspectives represented by the African continent and its potential in energetic resources are also in the heart of the new Chinese strategy in Africa. However, China’s growing influence in Africa has raised a range of interrogations about its objectives and methods. A crucial question I will try to answer is whether China’s growing involvement in Africa is a positive or a negative shift for the region. Will it help or hinder the development prospects of the continent? To answer that question, I will first review the scale of China’s political and economic involvement in Africa and examine the objectives and strategies underlying Chinese foreign policy towards Africa. Then I will look at the impact that China’s engagement has or may have in a near future on African countries by considering its economic and political repercussions.

Download or read book The Impact of the Chinese Engagement in Southern Africa with a Country Focus on Nigeria written by Christian Baumann and published by GRIN Verlag. This book was released on 2010-12-15 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2010 in the subject African Studies - Culture and Applied Geography, grade: 1,0, Grenoble Ecole de Management, course: International Business, language: English, abstract: In the present 21st century the global distribution of power among countries seems to be changing. While since World War I predominantly the United States of America have begun to gain worldwide importance especially politically and economically, it is currently experiencing a slow loss of power due to a number of reasons. One of such is the development in Asia towards economic liberalization and linked with it the rise of China. In particular after the death of Mao Zedong in 1976, the Asian country has introduced several reforms under its new political leader Deng Xiaoping that led to ongoing fast economic growth until today. Together with the increasing economic strength China aims for more international influence and recognition as a world power. A demonstration of such claim could be seen in the media on October 1st 2009 when China was celebrating the 60th anniversary of the finding of its People's Republic in the form of the biggest military parade ever. In order to turn this signal of a new global distribution of power into reality, China can not solely rely on a strong economy but needs to establish international political ties too. One reason concerns the geological structure of the largest Asian country because it can be considered to be poor in natural resources. As a result it needs to secure its economy by importing those and hence in the search for international partners it decided to focus also on the African continent. While in the beginning of the 20th century the European hegemony was unbowed in Africa and no country could withstand the traded goods from Europe this development changed drastically just six decades later. The former European dominance on the African continent yielded a rise in influence from other countries like China and India. Or

Download or read book China s Trade and Investment in Africa written by Alpha Furbell Lisimba and published by Springer Nature. This book was released on 2020-12-21 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: The core argument of this book is that China poses both challenges and creates opportunities for Africa, and that the transformative potentials of China-Africa engagements can be compared to Africa’s experiences with European colonialism. However, it would be patently misleading to claim any equivalence between African experiences of European colonialism with Africa’s engagements with China. Although, China does not replicate the exact colonial model, its actions have all elements of dependent relations, thus underpinning neo-colonialism with Chinese characteristics. Analysing China’s growing economic relations with Africa, this book posits that, Africa’s underdevelopment situation with China does not indicate a significant point of departure from the colonial model of development because China’s actions in Africa, although not exactly colonial, have all possibilities of Neocolonialist model with Chinese characteristics. As such the author argues that China’s increasing trade, FDI inflow and influence on the economic growth and development in Africa will result in a long-term negative impact in development outcomes and capacity building, governance practice, democratic transition and human rights for future self-reliance and sustainable development.

Download or read book Africa and its Relation to China written by Esther Onomah and published by GRIN Verlag. This book was released on 2019-12-23 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2019 in the subject Politics - Region: Africa, grade: A, University of Cape Coast, language: English, abstract: This essay seeks to discuss the assertion as to whether or not the African continent should be looking more towards increased partnerships with China, or strive to maintain its traditional trading relations, taking into consideration the globalized nature of the world economy and the dominance of powerful trading blocs. The paper argues that Africa should remain neutral as it would be ‘unwise’ for it to swing towards a more trading partnership with any power bloc. The essay is organized into three sections. The first section discusses globalization and the various phases it has taken over the years. Section two will examines Africa’s contact and history with its traditional trade partners. It also discusses the benefits Africa has derived and still derives from her trade with her traditional partner and hence should keep her ties with them. The section further looks at the disadvantages of Africa’s trade with her traditional partners and so Africa should look at increasing trade partnership with China. The third section of this paper focuses on Africa’s trade history and contact with China. The section further looks at some of the benefits Africa has enjoyed in their short term modern global trade with China, which has necessitated the need for the continent of Africa to increase her trade with China. This section again discusses the shortcomings Africa has faced as a result of her trade with China.

Download or read book China s distinctive links with Africa written by Martin Mittelstädt and published by GRIN Verlag. This book was released on 2008-07-14 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Politics - Topic: Development Politics, grade: 1,0, Norwegian School of Management, BI (Norwegian School of Management, BI), language: English, abstract: “China has become the most confident and assertive commercial player in Africa. It appears that China will over time displace Western commercial interests and political influence on the continent. But China is not the new coloniser. It is an expanding global power toward which Africa must pragmatically align itself.” (Dr. Martyn J. Davies, Director, Centre for Chinese Studies). Sino-African trade sextupled from 1998 to 2005 to $1 36 bn (Schüller and Asche, 2007: 4) and on a conference in Beijing in 2006 China’s Premier announced the aim to increase the trade volume to $ 100 bn in 2010 (Hui, 2006). These figures represent China’s growing engagement in Africa. But it is not quite clear if China’s impact on Africa is positive or not. One point of view, of which the quote presented above is a part, is that China’s engagement has the potential to increase Africa’s importance in the global economy and to significantly reduce poverty on the continent. Whereas others heavily criticize Beijing’s approach towards the African countries and claim that China is nothing but a new coloniser. The purpose of this study is to conduct a descriptive analysis of China’s impact on Africa. We therefore first describe China’s economic and strategic interests in Africa. After this, we are going to present negative and positive effects of China’s engagement in Africa and try to reveal a general tendency in the nature of China’s impact on Africa. Before giving some concluding remarks, we will compare China’s approach towards development aid, the so-called Beijing Consensus, with the Washington Consensus, which can be characterized as the approach of the western world, because this is an increasing ideological conflict with important consequences for Africa (Sautman, 2007: 21). As this is a descriptive analysis rather than an empirical study, we are not going to present any hypothesis.

Download or read book The Rise of China and India in Africa written by Fantu Cheru and published by Zed Books Ltd.. This book was released on 2010-03-11 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, China and India have become the most important economic partners of Africa and their footprints are growing by leaps and bounds, transforming Africa's international relations in a dramatic way. Although the overall impact of China and India's engagement in Africa has been positive in the short-term, partly as a result of higher returns from commodity exports fuelled by excessive demands from both countries, little research exists on the actual impact of China and India's growing involvement on Africa's economic transformation. This book examines in detail the opportunities and challenges posed by the increasing presence of China and India in Africa, and proposes critical interventions that African governments must undertake in order to negotiate with China and India from a stronger and more informed platform.

Download or read book China Africa and an Economic Transformation written by Arkebe Oqubay and published by Oxford University Press. This book was released on 2019-04-15 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Africa's recent progress in economic growth has been uneven across countries, and has not translated into structural transformation. Although economic ties between China and Africa have made a positive contribution this engagement has been uneven, shaped by variations in strategic approach, policy ownership, and implementation capacity among African governments. As China undergoes major economic rebalancing to upgrade to an innovation-driven economy, this is bound to affect China-Africa relations, offering both opportunities and challenges. Authored by leading scholars on Africa, China, and China-Africa relations, this volume brings together stimulating and thought-provoking perspectives, and insightful analyses. Focusing on Africa's economic development, it looks at core areas of structural transformation: productive investment and industrialization, international trade, infrastructure development, and financing. China-Africa relations are considered in the context of the global division of labour and power, and through the history and contexts of both China and Africa, a very diverse continent. This volume seeks to fill the gap in the existing literature, steer policy and scholarly debate on the progress and trajectory of China-Africa cooperation, and analyze China's development path as a source of learning for Africa.

Download or read book China in Africa written by Jean Kachiga and published by Africa Research and Publications. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: China in Africa Articulating China s Africa Policy examines the rise of China and how the country is adjusting to its increasingly growing status, role and influence in international politics. It is indeed in the context of consolidating that rise that today s China s presence in Africa can be explained. The book, therefore, focuses on China s investments strategy in Africa in the context of China s rising economic and strategic clout. China needs market-entry investments and resources access strategies to support its growing economy, and its expending manufacturing sector. The low market entry and abundant raw materials situation of the African continent offers to China this opportunity. In this study, the book articulates China s approach to engaging Africa in contrast with the Western approach. It sheds light on what seems to be a calibrated approach, showcased with China s involvement in the countries of Sudan, Zimbabwe, Nigeria, Angola and South Africa. With numerous chapters written from the African perspective, the book also examines the responses and reactions of African governments and the people in general, and addresses the tensions that have sporadically emerged. Finally, the books assesses overall the chances for success of China s involvement in Africa on one hand, and addresses the need for Africa to appropriate the necessary tools for an internally induced process of economic development.

Download or read book Africa s Rising Commodity Export Dependency on China written by Alicia García-Herrero and published by . This book was released on 2016 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has gone from being a supporter of fringe Maoist regimes in the 1960s to providing more financial assistance to the region than the World Bank (Cheng, 2015). But the idea that China would be crucial to African development is neither new nor accidental. In fact, Chinese policymakers have been aware of this notion for quite some time. China's Ya-Fei-La Strategy, literally meaning “Asia-Africa-Latin America”, was conceived during the Maoist era in the 1960s (Myers, 2012) in an attempt to promote the advancement of developing country goals in a new world order. Since then, China has played an active role in promoting South-South cooperation, being Africa-China cooperation an important part of that equation.

Download or read book China Returns to Africa written by Chris Alden and published by Hurst & Company. This book was released on 2008 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The geopolitical landscape of China-Africa relations has been overlooked during the G8's purported 'Year of Africa', which generated debate in the build-up to the China-Africa Summit in Beijing in 2006. This book offers surveys of China's return to Africa, examining what this relationship holds for diplomacy, trade and development.

Download or read book China Africa and South Africa written by Garth Le Pere and published by . This book was released on 2007 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's growing engagement with Africa has major implications for both sides, and has added an important strategic context to South-South co-operation. In this volume, two leading South African scholars examine this dynamic which takes on added meaning because of the new Sino-South African axis.