Item description for Development Centre Studies The Rise of China and India: What's in it for Africa? by Xiaobao Chen...
African countries are not simply spectators to the economic rise of China and India, they are party to it. This book demonstrates how the growing economic power of China and India is already influencing the growth patterns of African countries, particularly oil- and commodities-exporting ones. As world prices for commodities rise, producer countries in Africa and throughout the world will gain, but there is more to the story than that. Some African countries are redirecting part of their trade and other relationships from their traditional OECD partners to China and India. The book explores the consequences of this, and comes to some surprising conclusions. This book is a must-read for anyone who is concerned with the changes in the world economy being brought about by the extraordinary economic growth of China and India. Not only do they represent over a billion workers, but these workers are also consumers and investors. As China and India consolidate their positions in Africa, the results could be unexpected and dramatic.
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Studio: OECD Publishing
Est. Packaging Dimensions: Length: 8.8" Width: 6.3" Height: 0.4" Weight: 0.2 lbs.
Release Date May 30, 2006
Publisher Org. for Economic Cooperation & Development
ISBN 9264024417 ISBN13 9789264024410
Availability 126 units. Availability accurate as of Mar 25, 2017 07:36.
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Reviews - What do customers think about Development Centre Studies The Rise of China and India: What's in it for Africa??
massive demand for African resources Sep 21, 2006
This is a brief and interesting speculation about the growing economic influence of China and India on Africa. While the developed world has contemplated, sometimes uneasily, the effect on themselves, relatively little time has been devoted to that on Africa.
Here, the authors describe how mostly China's growth has led to significant export growth of commodities from various African countries. Important cases include cobalt from South Africa, chemicals from Niger, and cotton from many countries. However, there sometimes has been accompanied extra volatility in the prices of these commodities. Perhaps an inevitable effect of the cyclic nature of the global economy.
The authors also speculate that India offers a potential comparable to that of China's. Though currently India's impact on Africa is still lesser, its future need for resources could be massive. With the added advantage that shipping to India is far easier than to China.