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Impact of Globalisation on Rare Earth: China's co-optive conquest of Colongese coltan

Molintas, Dominique Trual (2013): Impact of Globalisation on Rare Earth: China's co-optive conquest of Colongese coltan.

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Abstract

Captivated by Chinese cunning confidence—international leaders watch out for the ramifications of her African affairs and the changing world order. In respect of the Sino-Congolese Co-operation Agreement, China on the overall appears to be more that of a developmental partner and far less a cruel conqueror. Several analysts suggest that the relationship is more balanced than one might have presumed. Notwithstanding, the pressure particularly put on the Democratic Republic of Congo as a laboratory for economic advancement, is for the rest of the region to appreciate whether the Chinese framework for development can rationalise authoritarian rule in the reconfigured global landscape, by contrast of democracy.

The China-Africa relation is one good leap from the Beijing economic reforms. It begins with the practical perspective for solutions in the quest for potential sources of raw materials to sustain country industrial growth. Africa is but right.

Subsequently, the logic to leverage in the age of Globalisation, through deepened integration of the Chinese economy in cross border trade, travel and tradition. By so doing in just one decade of barter, China became the leading trade partner of the African continent with a total market share of 10.4% and over 800 Chinese companies doing business with 49 African nations. This marked a tenfold increase accomplishment that outperformed the GDP growth in the mainland. Trade infrastructures stipulated in bilateral agreements between Governments, or joint ventures between state owned enterprises, are to serve as an alternative eco-political strategy to induce structural adjustment, speed up modernisation, strengthen capacity, broaden the scope of scientific exploration, alleviate humanitarian conditions and curb armed conflicts.

Despite a strong resentment of the Congress of South African Trade Unions Cosatu, for fear of market infiltration, China gestured meaningfully with the revocation of bilateral debt of 31 African countries to the value of about US$1.27b. Aside all these she continuously participates in financing development initiatives.

Clearly, China has explicit interest in African mineral wealth and has taken action. Whether it is to be understood as a novel approach to redress the issues on marginalisation or a starkly bad deal in the long term, the magnitude and impact of this relationship cannot be ignored. What has changed in the Democratic Republic of Congo are the following: Minerals magnitude, investing infrastructure, defence strategies for conflict containment, finally labour and workplace betterment. And for other nations up for the same lesson, a mind-set change.

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