Spillovers from China onto Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513557882
Total Pages : 34 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Spillovers from China onto Sub-Saharan Africa by : Mr.Derek Anderson

Download or read book Spillovers from China onto Sub-Saharan Africa written by Mr.Derek Anderson and published by International Monetary Fund. This book was released on 2015-10-06 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the impact of economic spillovers from China on sub-Saharan Africa (SSA)? This is an increasingly important question because of China’s growing economic role as a partner of SSA countriesfor both trade and the buildup of infrastructure in the region. The impact of spillovers from China has been an open question because of the challenge to use an internally consistent framework with solid economic foundations that accounts for both the direct impact China may have on individual countries in SSA through a variety of channels (trade, investment, financial) as well as the impact on the region through the global economy (economic activity and commodity prices). This paper explores those channels of transmission and provides illustrative order of magnitude for the short- and medium-term economic impact by using AFRMOD, a module of the Flexible System of Global Models (FSGM), a multicountry general equilibrium model developed at the IMF. Three alternative scenarios are considered: first, lower potential output in China that is originally misperceived as a temporary cyclical slowdown; second, structural reforms in China that aim to increase potential output; and third, a relocation of low-end manufacturing to sub-Saharan Africa.

Africa’s Rising Exposure to China

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484311396
Total Pages : 24 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Africa’s Rising Exposure to China by : Mr.Paulo Drummond

Download or read book Africa’s Rising Exposure to China written by Mr.Paulo Drummond and published by International Monetary Fund. This book was released on 2013-12-17 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid growth in China’s domestic investment in recent decades has generated a large appetite for global goods, including from sub-Saharan Africa (SSA). This paper estimates the impact of changes in China’s investment growth on SSA’s exports. Although rising trading links with China have allowed African countries to diversify their export base across countries, away from advanced economies, they have also led SSA countries to become more susceptible to spillovers from China. Based on panel data analysis, a 1 percentage point increase (decline) in China’s domestic investment growth is associated with an average 0.6 percentage point increase (decline) in SSA countries’ export growth. This impact is larger for resource-rich countries, especially oil exporters. These effects could be mitigated, however, to the extent that countries can reorient their exports.

A Rebalancing Act for China and Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475583435
Total Pages : 32 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis A Rebalancing Act for China and Africa by : Mr.Roger Nord

Download or read book A Rebalancing Act for China and Africa written by Mr.Roger Nord and published by International Monetary Fund. This book was released on 2017-04-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does China’s new growth model affect sub-Saharan Africa? To address this question, this paper first looks at the growing ties between China and Africa; attempts to estimate more precisely the impact on growth through the trade channel; and finally draws some policy implications regarding whether this means an end of the Africa Rising narrative or merely the beginning of a new chapter.

The Political Economy of Chinese FDI and Spillover Effects in Africa

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Author :
Publisher : Springer Nature
ISBN 13 : 3031387155
Total Pages : 284 pages
Book Rating : 4.0/5 (313 download)

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Book Synopsis The Political Economy of Chinese FDI and Spillover Effects in Africa by : Dominik Kopiński

Download or read book The Political Economy of Chinese FDI and Spillover Effects in Africa written by Dominik Kopiński and published by Springer Nature. This book was released on 2023-10-26 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the impacts of Chinese investment in Africa? Is it transforming economic development on the continent? This book is different from many other studies of this issue, as it unpacks the ‘black box’ of technological and learning spillover effects from Chinese firms to others. Rather than using econometric tools, which has now become a standard approach and come with their own set of challenges, the authors investigate the interactions between Chinese investors and African firms in terms of the transfer of technology and learning and explain why such interactions are rare. Only by understanding the reasons behind this rarity can approaches be developed to promote spillovers.

Making Foreign Direct Investment Work for Sub-Saharan Africa

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Author :
Publisher : World Bank Publications
ISBN 13 : 1464801274
Total Pages : 302 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Making Foreign Direct Investment Work for Sub-Saharan Africa by : Thomas Farole

Download or read book Making Foreign Direct Investment Work for Sub-Saharan Africa written by Thomas Farole and published by World Bank Publications. This book was released on 2014-01-13 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the results of a groundbreaking study on spillovers of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.

China's Slowdown and Rebalancing

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Author :
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (956 download)

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Book Synopsis China's Slowdown and Rebalancing by : Csilla Lakatos

Download or read book China's Slowdown and Rebalancing written by Csilla Lakatos and published by . This book was released on 2016 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the economic impacts of two related tracks of China's expected transformation-economic slowdown and rebalancing away from investment toward consumption-and estimates the spillovers for the rest of the world, with a special focus on Sub-Saharan African countries. The paper finds that an average annual slowdown of gross domestic product in China of 1 percent over 2016-30 is expected to result in a decline of gross domestic product in Sub-Saharan Africa by 1.1 percent and globally by 0.6 percent relative to the past trends scenario by 2030. However, if China's transformation also entails substantial rebalancing, the negative income effects of the economic slowdown could be offset by the positive changes brought along by rebalancing through higher overall imports by China and positive terms of trade effects for its trading partners. If global supply responds positively to the shifts in relative prices and the new sources of consumer demand from China, a substantial rebalancing in China could have an overall favorable impact on the global economy. Economic growth could turn positive and higher on average, by 6 percent in Sub-Saharan Africa and 5.5 percent globally, as compared with the past trends scenario. Finally, rebalancing reduces the prevalence of poverty in Sub-Saharan Africa compared with the isolated negative effects of China's slowdown, which slightly increase the incidence of poverty. Overall, China's slowdown and rebalancing combined are estimated to increase gross domestic product in Sub-Saharan Africa by 4.7 percent by 2030 and reduce poverty, but the extent of this varies by country.

The New Presence of China in Africa

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Publisher : Amsterdam University Press
ISBN 13 : 908964136X
Total Pages : 225 pages
Book Rating : 4.0/5 (896 download)

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Book Synopsis The New Presence of China in Africa by : Meine Pieter van Dijk

Download or read book The New Presence of China in Africa written by Meine Pieter van Dijk and published by Amsterdam University Press. This book was released on 2009 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book describes China's growing range of activities in Africa, especially in the sub-Saharan region. The three most important instruments China has at its disposal in Africa are development aid, investments and trade policy. The Chinese government, which believes the Western development aid model has failed, is looking for new forms of aid and development in Africa. China's economic success can partly be ascribed to the huge availability of cheap labour, which is primarily employed in export-oriented industries. China is looking for the required raw materials in Africa, and for new marketplaces. Investments are being made on a large scale in Africa by Chinese state-controlled firms and private companies, particularly in the oil-producing countries (Angola, Nigeria and Sudan) and countries rich in minerals (Zambia). Third, the trade policy China is conducting is analysed in China and compared with that of Europe and the United States. In case studies the specific situation in several African countries is examined. In Zambia the mining industry, construction and agriculture are described. One case study of Sudan deals with the political presence of China in Sudan and the extent to which Chinese arms suppliers contributed to the current crisis in Darfur. The possibility of Chinese diplomacy offering a solution in that conflict is discussed. The conclusion considers whether social responsibility can be expected of the Chinese government and companies and if this is desirable, and to what extent the Chinese model in Africa can act as an example - or not - for the West"--Publisher's description.

The Impact of China and India on Sub-saharan Africa

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Author :
Publisher : Commonwealth Secretariat
ISBN 13 : 1849290555
Total Pages : 88 pages
Book Rating : 4.8/5 (492 download)

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Book Synopsis The Impact of China and India on Sub-saharan Africa by : Oliver Morrissey

Download or read book The Impact of China and India on Sub-saharan Africa written by Oliver Morrissey and published by Commonwealth Secretariat. This book was released on 2011 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through detailed country-level analysis, this study offers contributions to the understanding of the relationship between China, India, and SSA. The authors review and assess the economic impacts, and provide recommendations to assist policy-makers enhance the ability of SSA countries to take advantage of new opportunities.

China Versus The Us, World Bank And Imf In Sub-saharan Africa

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Author :
Publisher : World Scientific
ISBN 13 : 1783266694
Total Pages : 313 pages
Book Rating : 4.7/5 (832 download)

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Book Synopsis China Versus The Us, World Bank And Imf In Sub-saharan Africa by : Lynne Ciochetto

Download or read book China Versus The Us, World Bank And Imf In Sub-saharan Africa written by Lynne Ciochetto and published by World Scientific. This book was released on 2022-12-07 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book provides a comprehensive overview of the activities of the major foreign forces active in contemporary Sub-Saharan Africa. Stimulated by the abundance of reports in the media criticizing China's presence in Sub-Saharan Africa, there is an analysis of China's involvement in the region compared to the largest Western players: the United States, the World Bank and the International Monetary Fund. China has only been economically active in Sub-Saharan Africa since the 1990s, while the United States, the World Bank and the International Monetary Fund have been active since the 1950s. Indeed, the World Bank has been the major lender for development during the whole period. The book explores how these foreign interests have assisted with, or hindered progress towards, addressing the challenges facing the region. These challenges include high rates of poverty and low levels of human development, loss of political and economic sovereignty, periodic sluggish economic development, government indebtedness, illegal financial flows and corruption, the resource curse, environmental destruction and climate change. The approach is interdisciplinary and emphasises the key development issues: social, economic and environmental sustainability. An audit approach is used to explore changes within China and the West since the 1950s and evaluate their impact on Sub-Saharan Africa.China versus the US, World Bank and IMF in Sub-Saharan Africa is an important reference for academics, researchers and students. It is also written in an accessible style that is suitable for the general reader.

Africa's Silk Road

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821368367
Total Pages : 384 pages
Book Rating : 4.3/5 (683 download)

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Book Synopsis Africa's Silk Road by : Harry G. Broadman

Download or read book Africa's Silk Road written by Harry G. Broadman and published by World Bank Publications. This book was released on 2006-11-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: China and India's new-found interest in trade and investment with Africa - home to 300 million of the globe's poorest people and the world's most formidable development challenge - presents a significant opportunity for growth and integration of theSub-Saharan continent into the global economy. Africa's Silk Road finds that China and India's South-South commerce with Africa isabout far more than natural resources, opening the way for Africato become a processor of commodities and a competitive supplier of goods and services to these countries - a major departure from its long established relations with the North. A growing number of Chinese and Indian businesses active in Africa operate on a global scale, work with world-class technologies, produce products and services according to the most demanding standards, and foster the integration of African businesses into advanced markets.There are significant imbalances, however, in these emerging commercial relationships. These can be addressed through a series of reforms in all countries: 'At-the-border' reforms, such as elimination of China and India's escalating tariffs on Africa's leading exports, and elimination ofAfrica's tariffs on certain inputs that make exports uncompetitive 'Behind-the-border' reforms in Africa, to unleash competitive market forces and strengthen its basic market institutions 'Between-the-border' improvements in trade facilitation mechanisms to decrease transactions costs Reforms that leverage linkages between investment and trade, toallow African businesses to participate in global productionnetworks that investments by Chinese and Indian firms can generate.

Spillovers from the Rest of the World Into Sub-Saharan African Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Spillovers from the Rest of the World Into Sub-Saharan African Countries by : Gustavo Ramirez

Download or read book Spillovers from the Rest of the World Into Sub-Saharan African Countries written by Gustavo Ramirez and published by International Monetary Fund. This book was released on 2009-07 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of a global slowdown on individual African countries using a series of dynamic panel regressions for countries in the region, relating real growth in domestic output to world growth in trade weighted by partner countries and several control variables: oil prices, non-oil prices, financial variables, and country fixed effects. Estimates are then applied to prepare country-specific simulations. The model, which is shown to estimate well out-of-sample spillover effects in the region, shows that countries in the region are significantly affected by lower external demand for their exports, declines in commodity prices and the terms of trade, and tighter financial conditions abroad. The last, proxied by the spread of three-month Libor to US treasury bills, is to our knowledge one of the first applications of such a measure of financial conditions for countries in the region.

Chinese Organizations in Sub-Saharan Africa

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Author :
Publisher : Routledge
ISBN 13 : 1315532077
Total Pages : 215 pages
Book Rating : 4.3/5 (155 download)

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Book Synopsis Chinese Organizations in Sub-Saharan Africa by : Terence Jackson

Download or read book Chinese Organizations in Sub-Saharan Africa written by Terence Jackson and published by Routledge. This book was released on 2020-11-09 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade between China and Africa is increasing year on year, while the West increasingly debates the nature and implications of China’s presence. Yet little research exists at the organizational and community levels. While western press reporting is overwhelmingly negative, African governments mostly welcome the Chinese presence. But what happens at the management level? How are Chinese organizations run? What are they bringing to communities? What is their impact on the local job market? How do they manage staff? How are they working with local firms? This book seeks to provide a theoretical framework for understanding Chinese organizations and management in Africa and to explore how their interventions are playing out at the organizational and community levels in sub-Saharan Africa. Based on rigorous empirical research exploring emerging themes in specific African countries, this book develops implications for management knowledge, education and training provision, and policy formulation. Importantly it seeks to inform future scholarship on China’s management impact in the world generally, on Africa’s future development, and on international and cross-cultural management scholarship. Primarily aimed at scholars of international management, with an interest in China and/or in China in Africa, this important book will also be of great interest to those working in the area of development studies, international politics, and international relations.

Regional Spillovers in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484367146
Total Pages : 49 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Regional Spillovers in Sub-Saharan Africa by : Francisco Arizala

Download or read book Regional Spillovers in Sub-Saharan Africa written by Francisco Arizala and published by International Monetary Fund. This book was released on 2018-08-01 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: After close to two decades of strong economic activity, overall growth in sub-Saharan Africa decelerated markedly in 2015–16 as the largest economies experienced negative or flat growth. Regional growth started recovering in 2017, but the question remains of how trends in the economies stuck in low gear will spill over to the countries that have maintained robust growth. This note illuminates the discussion by identifying growth spillover channels. The focus is on trade, banking, financial, remittance, investment, fiscal, and security channels, which are the most prominent and most likely to transmit growth trends across borders. In addition to bringing together findings from a broad array of existing research, the note identifies countries that are the most likely sources of regional spillovers and those that are most likely to be impacted, and provides estimates for the size of these channels. It finds that intraregional trade and remittance flows are an important channel for growth spillovers, while banking channels are less important but will remain a risk going forward. Finally, the note documents other important spillover channels through financial markets contagion, revenue-sharing arrangements in fiscal unions, commodity-pricing policies, corporate investment, and forced migration. The main takeaway is that the level of interdependence among sub-Saharan countries is higher than is generally assumed. Consequently, there is a need for additional emphasis on regional surveillance and spillover analysis, along with traditional bilateral surveillance.

China into Africa

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815701756
Total Pages : 351 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis China into Africa by : Robert I. Rotberg

Download or read book China into Africa written by Robert I. Rotberg and published by Brookings Institution Press. This book was released on 2009-10-01 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa has long attracted China. We can date their first certain involvement from the fourteenth century, but East African city-states may have been trading with southern China even earlier. In the mid-twentieth century, Maoist China funded and educated sub-Saharan African anticolonial liberation movements and leaders, and the PRC then assisted new sub-Saharan nations. Africa and China are now immersed in their third and most transformative era of heavy engagement, one that promises to do more for economic growth and poverty alleviation than anything attempted by Western colonialism or international aid programs. Robert Rotberg and his Chinese, African, and other colleagues discuss this important trend and specify its likely implications. Among the specific topics tackled here are China's interest in African oil; military and security relations; the influx and goals of Chinese aid to sub-Saharan Africa; human rights issues; and China's overall strategy in the region. China's insatiable demand for energy and raw materials responds to sub-Saharan Africa's relatively abundant supplies of unprocessed metals, diamonds, and gold, while offering a growing market for Africa's agriculture and light manufactures. As this book illustrates, this evolving symbiosis could be the making of Africa, the poorest and most troubled continent, while it further powers China's expansive economic machine. Contributors include Deborah Brautigam (American University), Harry Broadman (World Bank), Stephen Brown (University of Ottawa), Martyn J. Davies (Stellenbosch University), Joshua Eisenman (UCLA), Chin-Hao Huang (Stockholm International Peace Research Institute), Paul Hubbard (Australian Department of the Treasury),Wenran Jiang (University of Alberta), Darren Kew (University of Massachusetts– Boston), Henry Lee (Harvard University), Li Anshan (Peking University), Ndubisi Obiorah (Centre for Law and Social Action, Nigeria), Stephanie Rupp (National University of Singapore), Dan Shalmon (Georgetown University), David Shinn (GeorgeWashington University), Chandra Lekha Sriram (University of East London), and Yusuf Atang Tanko (University of Massachusetts–Boston)

Regional Growth Spillovers in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149832049X
Total Pages : 29 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Regional Growth Spillovers in Sub-Saharan Africa by : Francisco Arizala

Download or read book Regional Growth Spillovers in Sub-Saharan Africa written by Francisco Arizala and published by International Monetary Fund. This book was released on 2019-07-24 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents the steady increase in intraregional trade in sub-Saharan Africa since 1980, links this rise to important growth spillovers in the region, and identifies the main source countries and those most vulnerable to the economic conditions of others. Estimates show that in the short run, positive idiosyncratic shocks to regional trading partners’ growth significantly increase growth in the average sub-Saharan African country, while in the long-run the annual impact of growth in regional trading partner’s is smaller in magnitude. Policy implications including the need to support further continent-wide integration and the associated growth spillovers are discussed. Actions policymakers in sub-Saharan Africa can take to capture the benefits of these spillovers, while limiting exposure to the associated risks, are also proposed.

Navigating the Evolving Landscape Between China and Africa’s Economic Engagements

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Navigating the Evolving Landscape Between China and Africa’s Economic Engagements by : Ms. Wenjie Chen

Download or read book Navigating the Evolving Landscape Between China and Africa’s Economic Engagements written by Ms. Wenjie Chen and published by International Monetary Fund. This book was released on 2024-02-23 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: China and Africa have forged a strong economic relationship since China’s accession to the WTO in 2001. This paper examines the evolution of these economic ties starting in the early 2000s, and the subsequent shift in the relationship triggered by the commodity price collapse in 2015 and by the COVID-19 pandemic. The potential effects on the African continent of a further slowdown in Chinese growth are analyzed, highlighting the varying effects on different countries in Africa, especially those heavily dependent on their economic relationship with China. The conclusion offers a discussion of ways how African countries and China could adapt to the changing relationship.

Future Africa

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Author :
Publisher : AuthorHouse
ISBN 13 : 1467036188
Total Pages : 205 pages
Book Rating : 4.4/5 (67 download)

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Book Synopsis Future Africa by : Ndomo Melingui Thérèse Aisha

Download or read book Future Africa written by Ndomo Melingui Thérèse Aisha and published by AuthorHouse. This book was released on 2011 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: Outlook and Analysis of Sub-Saharan Africa in Global Economy - A Crystal Need of Changes and Policy Orientation for a Take-off in Light of Chinese Experience: A New Goal. Introductory Remarks about Sub Saharan Africa backwardness in current situation describe Africa in the World. The Past speaks to the Present towards the Horizon. Furthermore, it shows what are the major changes that have been brought by the Globalization of Markets, since the colonial destruction of the Old World today Third and Fourth Worlds. Then, it focuses on the dilemma met by peoples of these weak Old World in their pace to economic development. Globalization can cause many difficulties to Third and Fourth World nations, but also it may open up opportunities. In this era of high commercial relations and links between continents, countries or nations, worlds can adopt a variety of Development Policies. Therefore, discuss and discern what are the key-steps and key strategies that a country has to follow in order to promote economic growth and sustainable development. This will be the ultimate concern of the author.