Commentary: China and Africa

IF 0.1 Q2 Arts and Humanities

Australasian Review of African Studies Pub Date : 2019-06-01 DOI:10.22160/22035184/ARAS-2019-40-1/111-114

Anthony Hevron, M. Crowley

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Abstract

China has a long historical connection to the African continent. In recent years, that relationship has been changed with economic transactions and transfers of wealth on an unprecedented scale. Consider for example the $4 billion invested in the Mombasa-Nairobi Railway and various hydro-power projects with a combined value of more than $220 billion (See also Shinn 2012).1 China has a vast supply of funding, and Africa has a deep need of development funds. However, possession of resources and need is not one sided. Africa has an abundance of undeveloped resources including fuels such as oil, uranium, minerals and metals such as copper, gold or lithium, and foods. China needs access to these resources to continue its economic reinvention and development. Each side can benefit, but there are concerns in such relationships, particularly for the less developed side. Foreign direct investment (FDI) into Africa has been easing in recent years as an uncertain international economy leads investors to prefer reduced risk (Ernst & Young 2017). Investment, unlike trade, locks the parties together over a period of time and the thing that locks them together is debt. The majority of FDI funds move from and to developed economies with established legal systems and economic governance. Africa is a continent with many economies, a few of which attract most of the FDI that comes to Africa. Egypt, South Africa, Morocco and Nigeria take the bulk of the FDI funds. Though there are large sums of FDI going to Africa, mostly from developed and established partners such as the United States and Europe, strongest growth is in FDI funds coming from China (Ernst & Young 2017),

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评论：中国与非洲

中国与非洲大陆有着悠久的历史渊源。近年来，这种关系随着经济交易和财富转移而发生了前所未有的变化。例如，投资于蒙巴萨-内罗毕铁路和各种水电项目的40亿美元，总价值超过2200亿美元（另见Shinn 2012）。1中国拥有大量资金，非洲急需发展资金。然而，拥有资源和需求并不是单方面的。非洲有丰富的未开发资源，包括石油、铀等燃料、铜、金或锂等矿物和金属以及食品。中国需要获得这些资源来继续其经济革新和发展。每一方都可以从中受益，但在这种关系中也存在一些担忧，尤其是对欠发达的一方而言。近年来，由于不确定的国际经济导致投资者倾向于降低风险，对非洲的外国直接投资（FDI）一直在减少（安永会计师事务所，2017年）。与贸易不同，投资会在一段时间内将各方锁定在一起，而将他们锁定在一起的是债务。大多数外国直接投资资金来自和流向具有既定法律制度和经济治理的发达经济体。非洲是一个有许多经济体的大陆，其中少数几个经济体吸引了大部分流入非洲的外国直接投资。埃及、南非、摩洛哥和尼日利亚获得了大部分外国直接投资资金。尽管有大量外国直接投资流向非洲，主要来自美国和欧洲等发达和老牌合作伙伴，但增长最强劲的是来自中国的外国直接投资基金（Ernst&Young 2017），

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来源期刊

Australasian Review of African Studies AREA STUDIES-

CiteScore

0.20

自引率

0.00%

发文量

期刊介绍： The Australasian Review of African Studies aims to contribute to a better understanding of Africa in Australasia and the Pacific. It is published twice a year in June and December by The African Studies Association of Australasia and the Pacific. ARAS is a multi-disciplinary journal that seeks to provide critical, authoritative and accessible material on a range of African affairs that is interesting and readable to as broad an audience as possible, both academic and non-academic. All articles are blind peer reviewed by two independent and qualified experts in their entirety prior to publication. Each issue includes both scholarly and generalist articles, a book review section (which normally includes a lengthy review essay), short notes on contemporary African issues and events (up to 2,000 words), as well as reports on research and professional involvement in Africa, and on African university activities. What makes the Review distinctive as a professional journal is this ‘mix’ of authoritative scholarly and generalist material on critical African issues written from very different disciplinary and professional perspectives. The Review is available to all members of the African Studies Association of Australia and the Pacific as part of their membership. Membership is open to anyone interested in African affairs, and the annual subscription fee is modest. The ARAS readership intersects academic, professional, voluntary agency and public audiences and includes specialists, non-specialists and members of the growing African community in Australia. There is also now a small but growing international readership which extends to Africa, North America and the United Kingdom.