Chinese Investment in Africa. How African Countries Can Position. Themselves to Benefit from China's. Foray into Africa. David N.

Transcription

1 Chinese Investment in Africa How African Countries Can Position Themselves to Benefit from China's Foray into Africa David N. Abdulai Routledge R Taylor & Francis Group LONDON AND NEW YORK

2 List of Figures List of Tables Preface Acronytns and Abbreviations XI Xll Xlll xvii Introduction 1 1 The Sleeping Giant has Awoken: China's New Great Leap Forward Introduction Mao Tse-Tung and China's Great Leap Forward Mao Tse Tung and the Cultural Revolution 10 L4 Era of Deng Xiaoping Deng and the "Opening-Up" Policy China's New Great Leap Forward Conclusion 19 2 Some of the Factors that Contributed to China's Awakening Introduction China's Desire to Redaim its Past Pre-Eminence The Failure of Mao's Policies The Collapse of the former Soviet Union Deng Xiaoping's Visionary and Pragmatic Leadership Deepening of Reforms and Modernisation Process by Subsequent Chinese Leadership Positive Response from the West and the Rest of the World Conclusion 32

3 viii 3 China's Entry into the World Trade Organisation (WTO) Introduction 34 WTO W G/oM Tmdr 3.3 Wliy China Wanted to Join the WTO China's WTO Membership Process China Joins the WTO: What were the Implications? Conclusion 42 4 Why is China Interested in Africa? Introduction Rekindling and Enhancement of Old Tics Africa's Abundant Mineral Resources Africa's Fertile Agricultural Lands Markets for China's Goods and Services Diplomatie Imperative (One China Principle and One China Policy) Necdfor Allies to Advance China's Intercst and Garner Support at International Fora Africa's Pharmacological Resources Conclusion 59 5 China's Foray into Africa: The Benefits Introduction China as the Sottrce ofnew Capital and Investment in Africa China Could Introducc a New Era of Banking in Africa Increased Trade between China and Africa New Source of Aid for African Countries Cancellation of African Debts Owcd to China Conclusion 78 6 China's Foray into Africa: The Criticisms Introduction China, the "New Colonialist?" Increase in Africa's Trade Imbalance China's Activities Undermine Good Governancc and Human Rights Abuses in Africa Lack of Technology and Skills Transfers in Chinese Projects in Africa Chinese Abuse Labour Rights of their African Workers Africans are Losingjobs to Chinese Chinese Disrespect of Africans: Ignorance or Racism? Conclusion 99

4 7 Africa and Millions of Chinese Migrants 7.1 Introduction Why are Chinese Migratitig to Africa? Impact on and Reactions from Africans Reaction front Chinese and African Govemments What Platts do African Countries Have to Manage Chinese Migration? Conclusion 110 ix How African Countries Can Position Themselves to Beneht from China's Foray into Africa Introduction Do Chinese Capabilities Mesh with Africa's Needs? Have a Clear and Concise Approach or Strategy towards China Have an Informed Knowledge ofwhat China "Really" Wants front Africa Effectively Harness Benefits from China to Africa in a Stistainable Manner China's Aid and Investment have No Conditionalities Insisting on Technology Transfer in Chinese Projects in Africa Conclusion China s Foray into Africa: Impact on Interests of Externa] Players? Introduction China's Foray into Africa and the Increased Competition for Africa's Resources Impact on America Intercst in Africa Impact on European Interest in Africa Impact on Interest of Asian Countries in Africa Impact on the Interests of International Organisations Operating in Africa Conclusion China and Africa: The Way Forward and Prospects for the Future Introduction Constantly Visiting the Well of Renewal Forging Stronger Partnerships at International Fora Increase Cultural Exchanges 153

5 x 10.5 Focus More on Trade and Investments, Not Hand-Outs Other Bilateral Measures to Strengthen Relations Conclusion 157 Conclusion: China and Africa: Looking Backward to Move Forward 159 Bibliography Internet Resources Index