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Africa in the Global Economy: Chinese Investment and Trade w
Transcript of Africa in the Global Economy: Chinese Investment and Trade w
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
Seat at the UN
Funding African rebellions
Support for governmental legitimacy
Positive realtionships for a peaceful rise
World's second largest economy (2010)
- 1.3 billion people
- Scrambling for natural and energy resources
- Low cost production/labor intensive manufacturing
Special Economic Zones
(SEZ's): regions designated to export goods and provide employment
Underdeveloped transportation systems
Problems with work ethic
Inhospitable regulatory environments
Widespread corruption and crime
China's LACK of concern over corruption in Africa
Crowding out effect
Other more appealing investment opportunities for China
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%
Commercial and aid correlation
Opportune moment of equal need
"China’s presence in Africa is much more coordinated than that of previously hegemonic northern powers" - Kaplinsky
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?
“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”
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
Linkages to local economy
Chinese aid 3 main characteristics
Zambia factory explosion
Reduction of poverty in
Copperbelt and Lusaka
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
Anecdote from Senegal
History of Chinese-African Relations
Political Implications of investment
Why China? World Bank Request
Impact on the Ground
Alden, Chris and Ana Alves. "History & Identity in the Construction of
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Carmody, Padraig. The New Scramble for Africa. Cambridge: Polity Press,
Kaplinsky, Raphael. "What Does the Rise of China Do for Industrialisation
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