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Africa in the Global Economy: Chinese Investment and Trade w

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E Giffin

on 4 September 2014

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Transcript of Africa in the Global Economy: Chinese Investment and Trade w

Africa in the Global Economy:

Chinese Investment and Trade in Africa

A Brief History of Time
Relations dating back to 100 BC
Five Principles of Peaceful Coexistence
Strategic political allies
Socialist allies
Anti-Capitalist
Anti-Soviet
Seat at the UN
Funding African rebellions
Support for governmental legitimacy
Positive realtionships for a peaceful rise
Why China?
World's second largest economy (2010)
- 1.3 billion people
- Scrambling for natural and energy resources
China's Experience
- Low cost production/labor intensive manufacturing
-
Special Economic Zones
(SEZ's): regions designated to export goods and provide employment

Some Challenges...

Ethnicity-bound groupism
Underdeveloped transportation systems
Problems with work ethic
Inhospitable regulatory environments
Political instability
Widespread corruption and crime
China's LACK of concern over corruption in Africa
Crowding out effect
Other more appealing investment opportunities for China
Economic Interactions
International effects
Chinese sourced imports have displaced employment in some sectors
Improved African innovation
Creation of employment
Industrial invasion (factories)
Exports to the US fell by 26%
Flexigemony
Commercial and aid correlation
Opportune moment of equal need
African invitation
China-town
Economic colonialism

"China’s presence in Africa is much more coordinated than that of previously hegemonic northern powers" - Kaplinsky

Discussion Questions
Do you consider Chinese investment as an viable alternative to Western aid?
Do you see the current Chinese-African relationship as a new form of colonialism?
Is it possible for any investor or aid giver (Western, Chinese or otherwise), to separate their aid/investment from a political agenda?
Kaplinsky
“The brutal answer is that it is very difficult to see a positive future for manufacturing in Africa unless SSA is able to insulate its infant industries from global competition in general and perhaps China and India in particular”
Political Implications
Question of replication of colonial relationships

Western vs. Chinese perspective

2006 Zambian Election

China providing arms to Sudanese government

Western 'Rights-based' development vs. Chinese
investment based
Linkages to local economy
Impact
Chinese aid 3 main characteristics
Zambia factory explosion
Reduction of poverty in
Copperbelt and Lusaka
Author Recommendations
Strengthening of civil society in SSA
Cooperation between countries in SSA
Increase share of export revenues
Avoid tariff protection
Detailed case-studies of African-Chinese relations
Ensure the creation of partnerships
Outline of Presentation
Introduction
Anecdote from Senegal
History of Chinese-African Relations
Political Implications of investment
Why China? World Bank Request
Economic Interactions
International Effects
Impact on the Ground
Video Clip
Challenges
Recommendations
Discussion Period

Bibliography
Alden, Chris and Ana Alves. "History & Identity in the Construction of
China’s Africa Policy." Review of African Political Economy 115 (n.d.): 43-58. Web. 16 Sept. 2013.
Bellak, Christian and Ozawa, Terutomo. “Will the World Bank’s Vision
Materialize? Relocating China’s factories to Sub-Saharan Africa, Flying-Geese Style.” Global Economy Journal 11.3 (2011): 1-16. Web. 14 Sept. 2013.
Brautigam, Deborah and Tang Xiaoyang. "African Shenzhen: China's Special
Economic Zones in Africa." The Journal of Modern African Studies 49.1 (2011): 27-54. Web. 15 Sept. 2013.
Carmody, Padraig. The New Scramble for Africa. Cambridge: Polity Press,
2011.
Kaplinsky, Raphael. "What Does the Rise of China Do for Industrialisation
in Sub-Saharan Africa?" Review of African Political Economy 115 (2008): 7-22. Web. 14 Sept. 2013.
Morrisey, Olivier and Evious Zgovu. The Impact of China and India on Sub-
Saharan Africa: Opportunities, Challenges and Policies. London: Commonwealth Secretariat, 2011.
Mohan, Giles and Marcus Power. “New African Choices? The Politics of
Chinese Engagement.” Review of African Political Economy. 115 (2008): 23-42. Web. 20 Sept. 2013.
The Colony. Dir. Brent E. Huffman. German Camera Productions, 2010. Web.
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