The growing relationship between China and Sub-Saharan Africa : macroeconomic, trade, investment, and aid links

IF 8.7 1区 经济学 Q1 DEVELOPMENT STUDIES
A. Zafar
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引用次数: 375

Abstract

China’s economic ascendance over the past two decades has generated ripple effects in the world economy. Its search for natural resources to satisfy the demands of industrialization has led it to Sub-Saharan Africa. Trade between China and Africa in 2006 totaled more than $50 billion, with Chinese companies importing oil from Angola and Sudan, timber from Central Africa, and copper from Zambia. Demand from China has contributed to an upward swing in prices, particularly for oil and metals from Africa, and has given a boost to real gross domestic product (GDP) in Sub-Saharan Africa. Chinese aid and investment in infrastructure are bringing desperately needed capital to the continent. At the same time, however, strong Chinese demand for oil is contributing to an increase in the import bill for many oil-importing Sub- Saharan African countries, and its exports of low-cost textiles, while benefiting African consumers, is threatening to displace local production. China poses a challenge to good governance and macroeconomic management in Africa because of the potential Dutch disease implications of commodity booms. China presents both an opportunity for Africa to reduce its marginalization from the global economy and a challenge for it to effectively harness the influx of resources to promote poverty-reducing economic development at home.
中国与撒哈拉以南非洲之间日益增长的关系:宏观经济、贸易、投资和援助联系
中国在过去二十年的经济崛起在世界经济中产生了连锁反应。中国为满足工业化的需要而寻找自然资源,这使它来到了撒哈拉以南非洲。2006年中非贸易总额超过500亿美元,中国企业从安哥拉和苏丹进口石油,从中非进口木材,从赞比亚进口铜。来自中国的需求推动了价格的上涨,尤其是来自非洲的石油和金属,并推动了撒哈拉以南非洲地区的实际国内生产总值(GDP)。中国在基础设施方面的援助和投资为非洲大陆带来了亟需的资金。然而,与此同时,中国对石油的强劲需求,正导致许多撒哈拉以南非洲石油进口国的进口账单增加。中国出口的低成本纺织品,在惠及非洲消费者的同时,正威胁着取代当地的生产。中国对非洲的良好治理和宏观经济管理构成挑战,因为大宗商品繁荣可能导致荷兰病。对非洲来说,中国既是减少其在全球经济中被边缘化的机会,也是有效利用资源流入促进国内减贫经济发展的挑战。
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来源期刊
CiteScore
12.60
自引率
1.20%
发文量
8
期刊介绍: The World Bank Journals, including the Research Observer, boast the largest circulation among economics titles. The Research Observer is distributed freely to over 9,100 subscribers in non-OECD countries. Geared towards informing nonspecialist readers about research within and outside the Bank, it covers areas of economics relevant for development policy. Intended for policymakers, project officers, journalists, and educators, its surveys and overviews require only minimal background in economic analysis. Articles are not sent to referees but are assessed and approved by the Editorial Board, including distinguished economists from outside the Bank. The Observer has around 1,500 subscribers in OECD countries and nearly 10,000 subscribers in developing countries.
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