China's Impact on Africa – The Role of Trade, FDI and Aid

Busse, Matthias; Erdogan, Ceren; Mühlen, Henning

doi:10.1111/kykl.12110

Cited by 112 publications

(127 citation statements)

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“…Busse et al . (), in their assessment of Chinese trade, aid and FDI effects on per capita growth rates among SSA countries find that while imports from China have a negative displacement effect on African growth, exports to China do not have any significantly positive effect.…”

Section: China and The Emerging South In Africamentioning

confidence: 98%

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South–south and North–south Economic Exchanges: Does It Matter Who Is Exchanging What and With Whom?

Dahi

Demir

2017

Journal of Economic Surveys

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This paper surveys the literature on costs and benefits of South–South versus North–South economic exchanges. Unlike the case for North–South exchanges, academic work on South–South economic relations has been historically limited given their marginal importance in the global economy. After the 1990s, the literature has changed in two main ways. First, South–South trade and finance since then has increased dramatically, leading to a bourgeoning literature on the topic. Second, the rise of the Emerging South has opened up new lines of inquiry to include not just the traditional topics of trade and preferential trading agreements, but also cover technology transfer, capital flows, labor migration, institutions, and environment. We discuss how this literature has evolved to take into account the greater complexity of South–South relations with a focus on China in Africa as well as the blurring of the lines between heterodox and mainstream analysis of South–South relations. We end the review by showing how the empirical and theoretical literature is exploring the increasing divergence within the global South between what we refer to as the Emerging South and the Rest of South.

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Section: China and The Emerging South In Africamentioning

confidence: 98%

“…Busse et al. () interpret this as a positive development since it benefits African natural resource and primary good exporters.…”

mentioning

confidence: 99%

South–south and North–south Economic Exchanges: Does It Matter Who Is Exchanging What and With Whom?

Dahi

Demir

2017

Journal of Economic Surveys

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“…Moreover, Chinese FDI flows to Africa increased from just USD 200 million in 2000 to USD 2.2 billion in 2012, making China the largest developing country investor in the continent (Busse, Erdogan, & Mühlen, ).…”

Section: Introductionmentioning

confidence: 99%

The economics of China's engagement with Africa: What is the empirical evidence?

Martuscelli

2019

Development Policy Review

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Motivation In the last decade, economic and political ties between China and African countries grew fast, fuelling a heated debate about the implications for the latter and for the global system of China's engagement in Africa. Purpose The article reviews the existing evidence on the nature, causes and impact of China's economic engagement in Africa. Approach and methods The review focuses mainly on the economic literature with a quantitative focus. Findings China's reasons to engage with Africa are not so different from those of western countries: securing natural resources and seeking new export markets. However, there is evidence that China is less interested in the quality of governance and institutions of its African partners. The literature tends to agree on the positive growth effects for African countries of Chinese interest, but also suggests that their already thin manufacturing sector could be adversely affected by Chinese competition and that the increasing natural resource specialization of African countries might hamper diversification, structural transformation and future growth prospects. At the same time Chinese investments are building valuable infrastructure and linkages with local firms, which are growing although still very limited. The emergent trend of increasing presence of small and medium Chinese firms in Africa is promising in this respect. Policy implications Increased Chinese interactions with African countries present opportunities as well as threats for African countries. A key aspect will be the capacity of Chinese presence in Africa to spread to the local economy through spillover effects and linkages to the domestic economy. Both sides should introduce policies aimed at strengthening these linkages and spillovers.

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“…The role of Chinese FDI in Africa is especially well-documen ted (see Busse, Erdogan, & Muhlen, 2016) [4]. Kolstad and Wiig (2012) found out that Chinese outward FDI is attracted to large markets, and to countries with a combination of large natural resources and poor institutions [14].…”

Section: Brief Literature Reviewmentioning

confidence: 99%

Growth of Chinese investments in Europe after the global economic crisis of 2008-2009

Dudáš¹,

Dudasova²

2016

EA-XXI

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Abstract. For a long time China was viewed as a typical host country in international capital flows. Long-term rapid economic growth and trade surpluses produced quick accumulation of capital in China which has led to increasing capital flows abroad from public and private companies. When amid the global economic crisis of 2008-2009 domestic investment declined in many economically developed countries, Chinese investments stepped into their domestic investment markets to fill the void. The aim of this paper is to document the growth of Chinese investment in Europe, and to identify the main factors behind this growth. Анотация. Долгое время Китай воспринимался на мировом рынке капитала исключительно как типичная страна-реципиент инвестиций. Однако стремительный экономический рост и значительный профицит торгового баланса обеспечили накопление в КНР значительных финансовых средств и сделали возможным рост государственных и частных инвестиций за рубежом. Когда мировой финансовый кризис 2008-2009 гг. привел к сокращению объема внутренних инвестиций во многих экономически развитых странах, китайские инвестиции стали массово приходить в эти страны. Целью статьи является определение масштабов китайских инвестиций после мирового экономического кризиса и факторов, сделавших возможным значительный рост инвестиционной активности КНР. В статье также проанализировано географическое распределение китайских инвестиций в Европе, особое внимание уделено центральноевропейскому региону.

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China's Impact on Africa – The Role of Trade, FDI and Aid

Cited by 112 publications

References 57 publications

South–south and North–south Economic Exchanges: Does It Matter Who Is Exchanging What and With Whom?

South–south and North–south Economic Exchanges: Does It Matter Who Is Exchanging What and With Whom?

The economics of China's engagement with Africa: What is the empirical evidence?

Growth of Chinese investments in Europe after the global economic crisis of 2008-2009

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