Ndambendia, Houdou (2015): Africa trade and investment with BRIC nations in a changing economic landscape: the role of China.
Preview |
PDF
MPRA_paper_71675.pdf Download (427kB) | Preview |
Abstract
This paper addresses the trade and investment cooperation between African states and BRIC countries in a dynamic economic environment. No doubt that given it size and open up strategy, China is playing an outstanding role in this cooperation. It appears as the top trading and investor partner among BRIC countries with Africa. Trade is mainly dominated by raw materials coming from Africa to BRIC and manufactured products going to Africa from BRIC. China has the most geographically diversified investment in Africa than other BRIC countries. However, Primary and tertiary sectors are the most targeted sectors for FDI to the continent, leaving behind sector with more labor content. Some policy recommendations are proposed in order for this cooperation to achieve the long term development goal of Africa.
Item Type: | MPRA Paper |
---|---|
Original Title: | Africa trade and investment with BRIC nations in a changing economic landscape: the role of China |
English Title: | Africa trade and investment with BRIC nations in a changing economic landscape: the role of China |
Language: | English |
Keywords: | trade, investment, FDI, Africa, BRIC |
Subjects: | F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics F - International Economics > F6 - Economic Impacts of Globalization > F63 - Economic Development O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O55 - Africa |
Item ID: | 71675 |
Depositing User: | Dr. Houdou Ndambendia |
Date Deposited: | 01 Jun 2016 13:46 |
Last Modified: | 26 Sep 2019 09:29 |
References: | Akinlo, A., E (2004). “Foreign direct investment and growth in Nigeria: an empirical investigation”, Journal of Policy Modeling, 26, pp. 627–639 Asiedu, E., (2006). Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability, World Economy, vol. 29, PP. 63-77 Carmody, P.R. and Owusu, F.Y. (2007). “Competing hegemons? Chinese versus American geo-economic strategies in Africa”, Political Geography, 26, 504-524 Chantal Dupasquier, Patrick N. Osakwe, (2006). “Foreign direct investment in Africa: Performance, challenges, and responsibilities”, Journal of Asian Economics 17 241–260 Dabla-Norris, E., Honda, J., Lahreche, A., and Verdier, G., (2010). “FDI Flows to Low-Income Countries: Global Drivers and Growth Implications, IMF Working Paper 10/132, (Washington: International Monetary Fund). Elborgh-Woytek, K., Gregory R. and McDonald, B. (2010). “Reaching the MDGs: An Action Plan for Trade,” IMF Staff Position Note 10/14 (Washington: International Monetary Fund) Garcia, M., G. (1996). “Avoiding some costs of inflation and crawling toward hyperinflation: the case of the Brazilian domestic currency substitute”, Journal of Development Economics, 51, pp. 139-159 Gu, J., (2009), “China’s Private Enterprises in Africa and the Implications for African Development,” European Journal of Development Research, Vol. 21, No. 4, pp. 570-87. IMF (2011). “New Growth Drivers for Low-Income Countries: The Role of BRICs”, (Washington: International Monetary Fund) Jenkins, R. and Edwards, C., (2006). “The economic impacts of China and India on sub-Saharan Africa: Trends and prospects, Journal of Asian Economics 17 207–225 Lee, H.I., Syed, M., and Xueyan, L., (2012). “Is China Over-Investing and Does it Matter?, IMF Working Paper 12/277, (Washington: International Monetary Fund). Mlachila, M. and Takebe, M., (2011). “FDI from BRICs to LICs: Emerging Growth Driver?, IMF Working Paper 11/178, (Washington: International Monetary Fund). Mwase, N. and Yang, Y. (2012). “BRICs’ Philosophies for Development Financing and Their Implications for LICs”, IMF Working Paper 12/74, (Washington: International Monetary Fund). Naidu, S. and Mbazima, D; (2008). “China–African relations: A new impulse in a changing continental landscape”, Futures, 40 (2008) 748–761 O’Neill, J. (2001). “Building better global economic BRICs”, Paper No. 66, Goldman Sachs Stolte; C. (2012). “Brazil in Africa: Just Another BRICS Country Seeking Resources?”, Briefing Paper, Chatham House The New York Times, November 9th 2008, China Unveils Sweeping Plan for Economy, www.nytimes.com UNCTAD, (2006, 2013a), World Investment Report, (Geneva: United Nations). UNCTAD, (2013b), Handbook of Statistics, (Geneva: United Nations). UNCTAD, (2008). “World Investment Directory: volume X Africa”, (Geneva: United Nations) UNCTAD, (2013c). “Investment Country Profiles: India”, (Geneva: United Nations) UNCTAD (2011). “Foreign Direct Investment in LDCs: Lessons Learned from the Decade 2001–2010 and the Way Forward”, (Geneva: United Nations) |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/71675 |