“Globalisation today is not working for many of the world’s poor. It is not working for much of the environment. It is not working for the stability of the global economy. The transition from communism to a market economy has been so badly managed that, with the exception of China, Vietnam and a few East European countries, poverty has soared and incomes have plummeted... The problem is not with globalisation, but how it is managed.”
- Joseph Stiglitz
The People’s Republic of China (PRC) has prioritised Africa as a strategic partner at both the political and economic levels, while seeking to link African commodity and consumer markets to China’s growing economy. Two-way China-Africa trade has grown significantly in recent years, surpassing US$160 billion by the end of 2011. At the same time, China’s development assistance is expanding, while China’s investment footprint increasingly covers key economic sectors on the continent. Over the next few years (and possibly decades), African affairs will be significantly shaped, or impacted
on, by China’s direct commercial involvement. China’s growing geopolitical influence globally and in Africa will have significant long-term consequences for the continent’s political and economic evolution.
Appropriate and effective policy responses (from both China and Africa) are required to ensure a mutually beneficial China-Africa relationship. This study suggests policy options and dialogue processes with a view to advancing a positive relationship and mutual economic development. The aim of this study is to investigate the China-Africa relationship specifically in the context of natural resource extraction. The project focuses on Southern Africa, particularly Angola, the Democratic Republic of Congo (DRC), Mozambique, South Africa, Zambia, and Zimbabwe.
|Win-Win Partnership? China, Southern Africa and the Extractive Industries||1.08 MB|