Abstract:We survey about 110 recently published studies on Sino-African relations; put some structure on the documented issues before suggesting some solutions and strategies to the identified policy syndromes. The documented issues classified into eight main strands include, China:targeting nations with abundant natural resources; focusing on countries with bad governance; not hiring local workers; outbidding other countries by flouting environmental and social standards; importing workers that do not integrate into d… Show more
“…Whereas the Washington Consensus prioritizes political governance, the Beijing Model places more emphasis on economic governance (Asongu 2016a). Within this framework, there is an evolving stream of literature sympathetic to the perspective that short-term governance priorities are needed to resolve Africa's poverty tragedy (Asongu and Ssozi, 2016;Asongu 2016b). Beyond this narrative on paradigm shifts, some indicators of good governance cannot be effectively measured without some employment of preliminary techniques to bundle governance variables into composite indicators.…”
This study assesses government mechanisms in the fight against terrorism with particular emphasis on the bundling and unbundling of ten governance dynamics. The empirical evidence is based on a panel of 53 African countries for period 1998-2012 and GeneralizedMethod of Moments. The following findings are established. First, for the most part, political governance and its constituents respectively have negative effects on all terrorism dynamics, with the following consistent increasing order of negative magnitude: unclear terrorism, transnational terrorism, domestic terrorism and total terrorism. Second, overwhelmingly for economic and institutional governances, the governance dynamics and their constituent components affect terrorism negatively, with the magnitude on domestic terrorism consistently higher than that on transnational terrorism. Third, for most specifications, the effect of general governance is consistently negative on terrorism variables.Theoretical and practical policy implications are discussed.
“…Whereas the Washington Consensus prioritizes political governance, the Beijing Model places more emphasis on economic governance (Asongu 2016a). Within this framework, there is an evolving stream of literature sympathetic to the perspective that short-term governance priorities are needed to resolve Africa's poverty tragedy (Asongu and Ssozi, 2016;Asongu 2016b). Beyond this narrative on paradigm shifts, some indicators of good governance cannot be effectively measured without some employment of preliminary techniques to bundle governance variables into composite indicators.…”
This study assesses government mechanisms in the fight against terrorism with particular emphasis on the bundling and unbundling of ten governance dynamics. The empirical evidence is based on a panel of 53 African countries for period 1998-2012 and GeneralizedMethod of Moments. The following findings are established. First, for the most part, political governance and its constituents respectively have negative effects on all terrorism dynamics, with the following consistent increasing order of negative magnitude: unclear terrorism, transnational terrorism, domestic terrorism and total terrorism. Second, overwhelmingly for economic and institutional governances, the governance dynamics and their constituent components affect terrorism negatively, with the magnitude on domestic terrorism consistently higher than that on transnational terrorism. Third, for most specifications, the effect of general governance is consistently negative on terrorism variables.Theoretical and practical policy implications are discussed.
“…Hence, the exploitation of 'African suspicion' of some Western double standards by China to further her footprint into the continent is politically correct (Asongu & Aminkeng, 2014). The plethora of literature sustaining this school of thought include, inter alia: Drogendijk & Blomkvist (2013, p. 75), Wissenbach (2009, p. 662), Ovadia, 2013, p .233), Carmody & Owusu (2007, p. 504), Lin & Farrell (2013, p. 85), Gu (2009, p. 570 Arabia that is similar to China's foreign policy and, France's foreign policy in Africa which has not been characterized by her cherished values of equality, fraternity and liberty Asongu & Ssozi, 2014). Therefore, based on the above, both the WC and BM are needed in Africa.…”
Section: Arguments and Schools Of Thoughtmentioning
confidence: 99%
“…Hence, the two thoughts motivating this school are: (1) the dominant models presented to Africa are the WC and BM and; (2) Western nations are no 'less neocolonialist' compared to China (Asongu, 2014c;Asongu & Ssozi, 2014). According to this strand, China is using the very rules of free market competition established by the WC which according to most accounts have failed to deliver in Africa (Bartels et al, 2009;Asongu, 2012;Tuomi, 2011;Darley, 2012).…”
Section: Arguments and Schools Of Thoughtmentioning
confidence: 99%
“…This bulk of literature has presented, among others: the short-term positive effects of the nexus (Duclos, 2011); decisions of investments that are based on resource-motivations and poor governance (Renard, 2011;Kolstad & Wiig, 2011;De Grauwe et al, 2012); the need for multi-polar development strategies ; push and pull factors motivating Chinese investments (Biggeri & Sanfilippo, 2009); hard political views of the nexus ; identification and explanation of the West's evolving suspicion of the nexus (Huliaras & Magliveras, 2008); debunking myths surrounding the nexus (Asongu & Aminkeng, 2013) and; suggesting strategies and solutions to the documented policy syndromes (Asongu & Ssozi, 2014).…”
Reconciling the two dominant development models of the Washington Consensus (WC) and Beijing Model (BM) remains a critical challenge in the literature. The challenge is even more demanding when emerging development paradigms like the Liberal Institutional Pluralism (LIP) and New Structural Economics (NSE) schools have to be integrated. While the latter has recognized both State and market failures but failed to provide a unified theory, the former has left the challenging concern of how institutional diversity matter in the development process. We synthesize perspectives from over 150 recently published papers on development and Sino-African relations in order to present the relevance of both the WC and BM in the long-term and short-run respectively. While the paper provides a unified theory by reconciling the WC and the BM to complement the NSE, it at the same time presents a case for economic rights and political rights as short-run and long-run development priorities respectively. By reconciling the WC with the BM, the study contributes at the same to macroeconomic NSE literature of unifying a development theory and to the LIP literature on institutional preferences with stages of development. Hence, the proposed reconciliation takes into account the structural and institutional realities of nations at difference stages of the process of development.
“…According to the description, the WC prioritises political governance whereas the BM places more emphasis on economic governance. Asongu and Ssozi (2016) have reconciled the BM and the WC by postulating that whereas political governance should be a priority in the long term, the BM should be a priority in the short run. This is essentially because economic governance delivers economic needs (like food, shelter, health and sanitation) while political governance delivers the right to vote (for the most part).…”
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