...or Western donors and China. In contrast to Western donors, China never had a presence as a colonizer in Africa. To the contrary, China played the role of a supporter in the struggle for independence of African countries. This is highlighted by a lot of Africans, particularly in response to Western criticism of China. Some Africans feel that the reactions from the West arise because Westerners fear competition from China. Consequently Western objections to China’s way of dealing with Africa, is not perceived as a result of concern for African countries, but a protection of Western political and economic interests on the African continent. The Chinese emphasize that their engagement with Africa is in fact South-South cooperation, and that it should be beneficial to both China and Africa. Rather than emphasizing its role as a donor to African countries, China considers its engagement to be a mutual benefit, leading to win-win results. Chinese aid is mainly invested in infrastructure such as roads, railways, buildings, monuments etc. This is generally very welcomed in African countries where infrastructure is often seriously underdeveloped. Many of the infrastructure projects are implemented to facilitate trade. Although all of the countries in cooperation with China are receiving some sort of aid, the size and form of the aid inflows vary. China does not disclose how much aid and investment is going into different countries, but media announcements in China give the impression that...
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...Changes in international development: An assessment of trilateral development cooperation. Introduction In a time span of the last 10 years, the scene has changed rapidly in international development studies. A number of new actors have appeared on the scene and are changing the attitudes towards and the setting of development, in particularly in Africa. To argue that changes on this scene is a novelty would be obscene, with possible references to the plethora of different development paths followed by individual states, the widely differing politics of international development and in particular the big shifts in the international paradigms surrounding aid and governance. The reasons for the current change on the international scene are many. First, and most relevant to this paper, there is the entry of “new” states on the scene. These are states that most often have risen to a middle-income level (e.g. China, Brazil, South Africa), and now are looking to either widen their altruistic reach, look out for geopolitical interest, gain political influence or to secure access to future growth markets and scarce resources – or maybe all of the above. It is worth to note, that they have all been present for a long time, but just recently have attained the interior economic welfare to increase their aid support (Rampa et al., 2012; Dreher et al., 2011; Wouters et al., 2012). Another very big driver of change is the entry of private financing into the field of development. Private...
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...of BRICS because it is still at its infant years and does not have a charter where reference could be made to ascertain challenges and accomplishments. Some of the challenges discussed herein were noted by scholars during the IBSA dialogue era and continue to defy the mandate of BRICS to date. To start with, the challenge that is common to all three countries of IBSA Dialogue forum is that none of them are clearly identified and respected to the fullas regional representatives. For instance, South Africa is challenged by Nigeria, Egypt and others (Sotero, 2009). However, for a state to be regionally and globally recognized, it first needs to be viewed as dominant by its neighbours before anything else otherwise it becomes a toothless dog. Of course to the southern part of Africa, South Africa is a force to be envied, but this is not the case beyond the equator in our continent. Worse still, Sotero (2009) highlight that a lot of criticism has been expressed regarding the economic, demographic and even territorial lag of South Africa from other BRICS members. This should be a great concern to South Africa and the other members who do not have an issue with our neighbours in the south. Though it is just three years old, BRICS has not been able to spell...
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...Economic and Trade Relationship Between China and Africa Since the founding of the People’s Republic of China, China and Africa have developed a long-standing friendship. This is evidenced by the cooperation in political, economic, and cultural areas. They have created a new type of strategic partnership based on political equality and mutual trust, economic cooperation and cultural exchanges. China has demonstrated respect for African countries by actively encouraging cooperation and providing aid between Chinese and African businesses. With china being the largest developing country and Africa being the continent with the most number of developing countries, their trade and economic relations have not only played a significant role in promoting their respective progress, but has also helped to win the attention and support of the international community to Africa's development. Currently, China is one of Africa’s most important trade partners. In this essay, I will endorse the understanding of China and Africa’s relationship. When the founding of the People’s Republic of China occurred in 1949, it also marked the initiation of China-Africa trade and economic relations. While African countries fought for national liberation and China worked to safeguard its own sovereignty and territorial integrity, they both supported one another by friendship and mutual trust. They laid a good political foundation for their future growth of trade and economic relationship...
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...………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….......................................................................................................................................... Since the Tang Dynasty, Chinese activity in Africa has been seen and has grown exponentially in the past decade. China’s enhanced role within the global economy has profound political implications across the world, but takes a particular form in Africa. Recently, there has been an ongoing move by the Chinese to tap in and secure natural resources in Africa through the Chinese-African trade and diplomatic relations. Though its growing interest in Africa has resulted in huge capital flows into the continent and increased exports of natural resources from Africa, it is the purpose of this paper to determine if this relationship is creating shared prosperity for both countries. It is also vital to outline the contexts of African crisis and Chinese expansionisms. The paper also tries to explain how Chinese renewed interest in the continent has been manifested and provides an analysis of its main effects. However, though Chinese involvement in Africa is subject to debate, it certainly does no, to a greater extent, merit accusations of neo-colonialism. It also brings with it some potential for greater socio-economic development, although this depends to...
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...superpower, has catalyzed her desire to engage Africa in her Foreign Policy. This has heightened the Chinese desire to geo- strategic reach into Africa as a going global strategy this has been the plan as far back in the 1978 eras of Mao Zedong. China’s objective in the new phase of assertiveness is to maintain strong economic ties in Africa, unlike the previous objective of building a coalition of sharing common goals with Africa as ‘Third World’. This geo-economic factor is influenced by the desire for resources to fuel its economic growth and gain energy security. China in strengthening her diplomatic and political ties sees Africa not just as ally to bid for influence and power, but as a source for natural resources . China has established Confucius Institutes (state-funded Chinese Cultural Centers) that have sprung up throughout Africa, teaching local people the culture and traditions. One wonders if China is positioning itself for taking over supremacy and advancing her Soft Policy in Africa. It is perhaps important to see our languages and cultures going out there too. The China- Africa Cooperation which was aimed at strengthening China’s diplomatic and political ties stared in post colonial Africa. The African plight of political freedom from their colonies, referred to as aggressors according to the Chinese and their desire to have a say in the international arena has given the Chinese a reason to defend their being in Africa. The analysis of the Beijing Consensus...
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... BRICS is the title of an association of leading emerging economies, arising out of the inclusion of South Africa into the BRIC group in 2010. As of 2012, the group's five members are Brazil, Russia, India, China and South Africa. With the possible exception of Russia, the BRICS members are all developing or newly industrialised countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs. As of 2012, the five BRICS countries represent almost 3 billion people, with a combined nominal GDP of US$13.7 trillion, and an estimated US$4 trillion in combined foreign reserves Presently, India holds the chair of the BRICS group. Due to steady growth in BRICS nations in the recent past their share in global output has grown from 11% in 2005 to 18% in 2010. President of the People's Republic of China Hu Jintao has described the BRICS countries as defenders and promoters of developing countries and a force for world peace. The BRIC grouping's first formal summit commenced in Yekaterinburg on June 16, 2009, with Luiz Inácio Lula da Silva,Dmitry Medvedev, Manmohan Singh, and Hu Jintao, the respective leaders of Brazil, Russia, India and China, all attending. In 2010, South Africa began efforts to join the BRIC grouping, and the process for its formal admission began in August of that year.[14] South Africa officially became a member nation on December 24, 2010, after being formally invited by the BRIC countries to join...
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...tremendous rise in global capitalist economy. The demand for energy continue to sky-rocket in this modern world whilst major players in the world today; such as the United States, countries in the European Union and Japan are at alert in the sense that, China, one of the world fastest growing economy has been considered as a new competitor in the competition of securing a long term energy supplies around the globe. As China’s economy is rapidly growing and in other to acquire the needed resources to support its rapid growth, the government have taken a great step in focusing in other part of the world to secure oil which they deemed necessary coupled with other raw materials across the world. The rising economy of China was stated to have grown in an extraordinarily large number of nine (9) per cent per annum in the last twenty five (25) years whereas its consumption of energy has been said to have doubled to the extent that it outstripped the production of domestic energy. (Africa-practice report, 2007, p.2) Significantly, to catch up with the demand of its market, the economic powerhouse has channelled its attention to Africa. A continent widely known for its social and political unrest, though Chinese active involvement in Africa is a necessary mission in other for them to secure new export market for their manufactured goods, there are several strategic ways adopted by the Chinese government in their bilateral relation with African states; however, amongst the strategic ways...
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...the United Nations and the Organization of American States, and act at times as a countervailing force to U.S. political and economic influence in Latin America. Contents * 1 Overview * 2 Foreign policy * 2.1 Lula da Silva administration * 2.2 Rousseff administration * 3 Regional policy * 4 Diplomatic relations * 5 United Nations politics * 6 Outstanding international issues * 7 Foreign aid * 8 Participation in international organizations * 9 Bilateral relations * 10 See also * 11 References * 12 External links Overview Brazil's international relations are based on article 4 of the Federal Constitution, which establishes non-intervention, self-determination, international cooperation and the...
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...the recent years China has been seen as a major competition in the international economic market. It has been replacing many western states as the top trading and investment partner in many African states, and for decades it has been one of Africa’s best friends, helping in the decolonization process and building key infrastructure projects on the continent. China has been providing many African governments with cheap loans in exchange for securing their means of accumulating natural resources based on the principle of non-intervention and respect for sovereignty, which gives no strings attached. For more than a decade, diplomatic relations between China and South Africa have been marked a great growing relationship between both states. From a period of no official ties to limited interaction between the South African and Chinese Governments, the relationship has subsequently developed to become one of the closest between African and Asian states. Growing economic engagement, which underpins the warm ties between the two states, has put South Africa amongst China’s top three trading partners on the continent. Moreover, China is an emerging market economy; with a fast track of being the next economic rising superpower in the world and its current relations between it and Africa continue to grow fast with foreign direct investment increasing thirty-fold between 2003 and 2011, from US$491m to US$14.7 billion. In 2012, China pledged US$20 billion of loans to Africa over three years...
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...Economic Diplomacy – The Case of China and Zambia Marcov Alexandru Cristian Economic Diplomacy – The Case of China and Zambia Introduction Former Indian diplomat, Kishan S Rana defines Economic Diplomacy as “the process through which countries tackle the outside world, to maximize their national gain in all the fields of activity including trade, investment and other forms of economically beneficial exchanges, where they enjoy comparative advantage.; it has bilateral, regional and multilateral dimensions, each of which is important”.[1] China has emphatically registered its presence on the African economic and political landscape in the last decade. Among other things, the volume of trade between China and Africa has risen steadily from USD 10 billion a year in 2000 to over USD 40 billion in 2005, and is projected to cross USD 100 billion by 2010. To celebrate and cement these growing ties, thirty five heads of state from Africa assembled in Beijing at the invitation of the Chinese president Hu Jintao for the inaugural China-Africa Summit (referred to as the Summit henceforth) in November 2006. More than 2000 trade deals were signed in Beijing as China promised USD 5 billion in aid and credit to African countries in the next few years, and vowed to train thousands of its young men and women.[2] Zambia is a land-locked country in Southern Africa with a population of 13 460 305. Zambia’s natural resources include copper, cobalt, zinc, lead...
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...AFRICA CHINA BUSINESS FORUM BUSINESS, THE WAY FORWARD BUSINESS CONFERENCE w w w.africa- chinabusinessforum.com We dream and work to see the release of the full potential and glory of all the African Countries and China through the development of win-win business partnerships. OVERVIEW OF AFRICA-CHINA BUSINESS GROUP LIMITED Mr. Thierry Belinga General Manager INTRODUCTION PURPOSE: The Africa - China Business Group Limited is an International Development Organization created in March 2013 by astute African and Chinese Entrepreneurs and Academicians. It is a strategic investment platform with the sole aim of providing a cutting-edge investment and business partnerships among local and international companies (both public and private enterprises), budding entrepreneurs and adventurous students from Africa and China. The main goal of the Africa-China Business Group Limited is to create and foster a learning and development platform for business and investment partnerships between both African and Chinese entrepreneurs and students. We dream and work to see the release of the full potential and glory of all the African Countries and China through the development of win-win business partnerships. our objec tives The main objectives of this forum are 1. Putting in place a platform 2. Training and assisting To investigate and propose solutions on the issues faced by African and Chinese people when doing businesses, and finding innovative...
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...incentive to invest in Africa now Need for Infrastructure development in Africa Africa is rich in natural resources and thus also has an agro-based economy. It is seeing a great demand of its products like tea and coffee internationally leading to higher exports; in spite of the surge in exports, Africa has not been able to rival its counterpart emerging economies like India and China in terms of economic development. The cause of this misbalance is the lack of infrastructure development, which has a direct causal relationship with economic development. It is important to invest in Infrastructure in Africa for poverty reduction and economic development. Infrastructure has always been costly in Africa due to lack of efficiency but that doesn’t deter the increased demand, which resulted from an increase in population and urbanization. The World Bank estimates that the current infrastructure financing needs are US $95 million in Africa out which there is financing for US $45 billion1. The current gap should have been US $48 billion but leads to much more since nearly 35% of it is wasted due to inefficiencies. Most of the current financing in infrastructure has been through the Public sector with the Private sector contributing 21% share2. Infrastructure development would have positive effects in East and Central Africa and would contribute to 2% to the Gross Domestic Product. An example of connection of infrastructure to economic development is seen in China, where massive investments...
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...TAX COMMITTEE KEY INSTITUTIONAL PLAYERS ARGUMENTS FOR AND AGAINST A UN TAX BODY 3 4 8 12 17 REFLECTIONS AND RECOMMENDATIONS RELATIONSHIP BETWEEN OECD AND UN TAX COMMITTEE GLOBAL TAX POLICIES POLICY RECOMMENDATIONS 20 28 38 APPENDIX GLOSSARY AND ACRONYMS REFERENCES 44 48 52 2 Executive Summary The report provides an analytical view on the role of the United Nations in tax policy, highlighting the interventions made by and challenges to key players in attempts to streamline global tax cooperation. The first section of the paper provides a background on the importance of tax related issues, emphasizing its importance within the Monterrey Consensus. Debates are introduced between two key institutional players regarding global tax cooperation, the OECD’s Committee on Fiscal Affairs and the UN Tax Committee. Views from key players the OECD, Group of 77, Group of 20, and European Union are addressed in the areas of international tax cooperation, the inclusion of the developing world, and of the UN Tax Committee work in strengthening both areas (particularly the proposition to upgrade the Committee). Arguments for and against such an upgrade, as well as the interests of those involved, and how those interests couch their perspectives, are also discussed. While supporters suggests the upgrade would bring more authority,...
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...TABLE OF CONTENTS Definition of BRICS 2 A Brief History 2 BRICS Goals 3 First Declaration – Information Technology 3 Second Declaration – Industry Cooperation 4 Third Declaration – Agriculture 3 Reasons for Emergence of BRICS 5 Review of Economic Performance 6 Other Current Issues 7 References 9 Appendix 10 (BRICS Economic Data Table) _ DEFINITON OF BRICS A Brief History In 2001, Jim O’Neil – an economist at Goldman Sachs – first coined the term BRIC and ever since then it stood as an acronym for Brazil, Russia, India and China. At the time, O’Neil was trying to predict where Wall Street investors could place their investment dollars. In their search for future high growth and therefore high profits within a span of one to two decades, O’Neil came up with recommending the BRIC countries as potentially good nations where to park investment dollars. In that same year, he went on to predict that over the first decade of the twenty first century, the economies of those BRIC countries would increase in a very significant way; so much so, that it would “outpace growth of some of the world’s largest economies” (Sharma, 2012). In 2015 his prediction is presently valid, but mostly for China, which has achieved impressive economic growth in the last few years, and for India, which despite its ambivalent economic performance and socialistic labor tendencies, it has managed to post some notable levels of economic...
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