Globalization and Corona Virus (COVID-19) Pandemic : The Vulnerability of Africa Is the Opportunity of China

Ayomitunde , Aderemi Timothy, Abosede , Adeniran Aderinsola, Olubunmi , Amusa Bolanle, E. , Ebere Chidinma
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引用次数: 3

Abstract

The sporadic spread of Wuhan COVID-19 and its dreadful havoc on humans and economies worldwide have shown the dark side of globalization in this era As such, various researches are being unfolded in different fields currently It is most likely China will face both political and economic persecutions from the US, European countries and the G7 in the post pandemic periods Against this backdrop, an attempt was made in this paper to philosophically project how African vulnerability to COVID-19 could erupt another series of business opportunities for China It could be submitted that COVID-19 pandemic will change the structure of diplomatic and trade relations of China with the rest of the world in general and Africa in particular Though, China is the biggest Africa's trade partner and top Africa's creditor concurrently with massive investments in the continent This makes Africa to be vulnerable to the whip and caprices of the world's second biggest economy If china refuses to grant debt relief to Africa, majority of highly indebted countries will be in debt trap soonest Consequently, this paper suggested that Africa should think outside the box by exploiting and developing untapped natural resources to their full capacity in order to compete with their counterparts in the global market Also, Africa needs to explore industrial production that can utilized its raw materials and consequently leverage on intra Africa trade given the opportunity orchestrated by the African Continental Free Trade Agreement After all, COVID-19 spread to Africa as a bad by-product of globalization
全球化与新冠疫情:非洲的脆弱性是中国的机遇
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