Download or read book Spillovers from China onto Sub Saharan Africa written by Mr.Derek Anderson and published by International Monetary Fund. This book was released on 2015-10-06 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the impact of economic spillovers from China on sub-Saharan Africa (SSA)? This is an increasingly important question because of China’s growing economic role as a partner of SSA countriesfor both trade and the buildup of infrastructure in the region. The impact of spillovers from China has been an open question because of the challenge to use an internally consistent framework with solid economic foundations that accounts for both the direct impact China may have on individual countries in SSA through a variety of channels (trade, investment, financial) as well as the impact on the region through the global economy (economic activity and commodity prices). This paper explores those channels of transmission and provides illustrative order of magnitude for the short- and medium-term economic impact by using AFRMOD, a module of the Flexible System of Global Models (FSGM), a multicountry general equilibrium model developed at the IMF. Three alternative scenarios are considered: first, lower potential output in China that is originally misperceived as a temporary cyclical slowdown; second, structural reforms in China that aim to increase potential output; and third, a relocation of low-end manufacturing to sub-Saharan Africa.
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 A Rebalancing Act for China and Africa written by Mr.Roger Nord and published by International Monetary Fund. This book was released on 2017-04-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does China’s new growth model affect sub-Saharan Africa? To address this question, this paper first looks at the growing ties between China and Africa; attempts to estimate more precisely the impact on growth through the trade channel; and finally draws some policy implications regarding whether this means an end of the Africa Rising narrative or merely the beginning of a new chapter.
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 The Impact of China and India on Sub saharan Africa written by Oliver Morrissey and published by Commonwealth Secretariat. This book was released on 2011 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through detailed country-level analysis, this study offers contributions to the understanding of the relationship between China, India, and SSA. The authors review and assess the economic impacts, and provide recommendations to assist policy-makers enhance the ability of SSA countries to take advantage of new opportunities.
Download or read book Spillovers from the Rest of the World Into Sub Saharan African Countries written by Gustavo Ramirez and published by International Monetary Fund. This book was released on 2009-07 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of a global slowdown on individual African countries using a series of dynamic panel regressions for countries in the region, relating real growth in domestic output to world growth in trade weighted by partner countries and several control variables: oil prices, non-oil prices, financial variables, and country fixed effects. Estimates are then applied to prepare country-specific simulations. The model, which is shown to estimate well out-of-sample spillover effects in the region, shows that countries in the region are significantly affected by lower external demand for their exports, declines in commodity prices and the terms of trade, and tighter financial conditions abroad. The last, proxied by the spread of three-month Libor to US treasury bills, is to our knowledge one of the first applications of such a measure of financial conditions for countries in the region.
Download or read book The New Presence of China in Africa written by Meine Pieter van Dijk and published by Amsterdam University Press. This book was released on 2009 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book describes China's growing range of activities in Africa, especially in the sub-Saharan region. The three most important instruments China has at its disposal in Africa are development aid, investments and trade policy. The Chinese government, which believes the Western development aid model has failed, is looking for new forms of aid and development in Africa. China's economic success can partly be ascribed to the huge availability of cheap labour, which is primarily employed in export-oriented industries. China is looking for the required raw materials in Africa, and for new marketplaces. Investments are being made on a large scale in Africa by Chinese state-controlled firms and private companies, particularly in the oil-producing countries (Angola, Nigeria and Sudan) and countries rich in minerals (Zambia). Third, the trade policy China is conducting is analysed in China and compared with that of Europe and the United States. In case studies the specific situation in several African countries is examined. In Zambia the mining industry, construction and agriculture are described. One case study of Sudan deals with the political presence of China in Sudan and the extent to which Chinese arms suppliers contributed to the current crisis in Darfur. The possibility of Chinese diplomacy offering a solution in that conflict is discussed. The conclusion considers whether social responsibility can be expected of the Chinese government and companies and if this is desirable, and to what extent the Chinese model in Africa can act as an example - or not - for the West"--Publisher's description.
Download or read book China s Trade with Sub Saharan Africa written by Rusudan Kareli and published by . This book was released on 2012 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: In my research project, I analyze the impact of the rapidly growing trade relations between Sub Saharan Africa (SSA) and China on SSA's development prospects, as trade is one of the most important channels through which China's impacts may be transmitted to the domestic economies in SSA. The study focuses on growth-inducing structural change as the basis for sustained growth of the region, since development history has shown us that the structure of the economy is an important determinant of the long-term growth prospects.
Download or read book Future Africa written by Ndomo Melingui Thérèse Aisha and published by AuthorHouse. This book was released on 2011 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: Outlook and Analysis of Sub-Saharan Africa in Global Economy - A Crystal Need of Changes and Policy Orientation for a Take-off in Light of Chinese Experience: A New Goal. Introductory Remarks about Sub Saharan Africa backwardness in current situation describe Africa in the World. The Past speaks to the Present towards the Horizon. Furthermore, it shows what are the major changes that have been brought by the Globalization of Markets, since the colonial destruction of the Old World today Third and Fourth Worlds. Then, it focuses on the dilemma met by peoples of these weak Old World in their pace to economic development. Globalization can cause many difficulties to Third and Fourth World nations, but also it may open up opportunities. In this era of high commercial relations and links between continents, countries or nations, worlds can adopt a variety of Development Policies. Therefore, discuss and discern what are the key-steps and key strategies that a country has to follow in order to promote economic growth and sustainable development. This will be the ultimate concern of the author.
Download or read book China Versus The Us World Bank And Imf In Sub saharan Africa written by Lynne Ciochetto and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This timely book provides a comprehensive overview of the activities of the major foreign forces active in contemporary Sub-Saharan Africa. Stimulated by the abundance of reports in the media criticizing China's presence in Sub-Saharan Africa, there is an analysis of China's involvement in the region compared to the largest Western players: the United States, the World Bank and the International Monetary Fund. China has only been economically active in Sub-Saharan Africa since the 1990s, while the United States, the World Bank and the International Monetary Fund have been active since the 1950s. Indeed, the World Bank has been the major lender for development during the whole period. The book explores how these foreign interests have assisted with, or hindered progress towards, addressing the challenges facing the region. These challenges include high rates of poverty and low levels of human development, loss of political and economic sovereignty, periodic sluggish economic development, government indebtedness, illegal financial flows and corruption, the resource curse, environmental destruction and climate change. The approach is interdisciplinary and emphasises the key development issues: social, economic and environmental sustainability. An audit approach is used to explore changes within China and the West since the 1950s and evaluate their impact on Sub-Saharan Africa. China versus the US, World Bank and IMF in Sub-Saharan Africa is an important reference for academics, researchers and students. It is also written in an accessible style that is suitable for the general reader"--
Download or read book China s Impact on Africa The Role of Trade FDI and Aid written by Matthias Busse and published by . This book was released on 2017 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the impact of Chinese activities in sub-Saharan African countries with respect to the growth performance of economies in that region. Using a Solow-type growth model and panel data for the period 1991 to 2011, we find that African economies that export natural resources have benefited from positive terms-of-trade effects. In addition, there is evidence for displacement effects of African firms due to competition from China. Chinese foreign investment and aid in Africa does not have an impact on growth.
Download or read book Sub Saharan Africa written by Jacqueline S. Santiago and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2001, China has rapidly increased its economic engagement with sub-Saharan African countries. The United States has increased aid to sub-Saharan Africa and in 2010 provided more than a quarter of all U.S. international economic assistance to the region. According to some observers, China's foreign assistance and investments in Africa have been driven in part by the desire for natural resources and stronger diplomatic relations. Some U.S. officials and other stakeholders also have questioned whether China's activities affect U.S. interests in the region. This book examines the goals and policies in sub-Saharan Africa; trade, grants, loans, and investment activities in the region; and engagement in three case-study countries-Angola, Ghana, and Kenya.
Download or read book Making Foreign Direct Investment Work for Sub Saharan Africa written by Thomas Farole and published by World Bank Publications. This book was released on 2014-01-13 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the results of a groundbreaking study on ‘spillovers’ of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.
Download or read book The Impact of China on Sub Saharan Africa written by Raphael Kaplinsky and published by . This book was released on 2007 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China and Africa written by Richard Schiere and published by . This book was released on 2011 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sub Saharan Africa written by Jacqueline S. Santiago and published by . This book was released on 2013 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2001, China has rapidly increased its economic engagement with sub-Saharan African countries. The United States has increased aid to sub-Saharan Africa and in 2010 provided more than a quarter of all U.S. international economic assistance to the region. According to some observers, China's foreign assistance and investments in Africa have been driven in part by the desire for natural resources and stronger diplomatic relations. Some U.S. officials and other stakeholders also have questioned whether China's activities affect U.S. interests in the region. This book examines the goals and policies in sub-Saharan Africa; trade, grants, loans, and investment activities in the region; and engagement in three case-study countries-Angola, Ghana, and Kenya.
