ECONOMIC IMPACT AND IMPLICATIONS OF CHINA’S GROWING INVESTMENTS, AID, AND INFLUENCE ON THE AFRICAN CONTINENT
Paintsil, Isaac N.
Piombo, Jessica R.
Freeman, Michael E.
Naficy, Siamak T.
MetadataShow full item record
This study examines whether China’s foreign direct investment (FDI) has significantly improved African economies. Although endowed with vast natural resources, many African countries are primarily underdeveloped, with a substantial number of their people living below the poverty line. To build their economies, these countries have turned to China for support over the past few decades as the conditions attached to accessing loans from the West have become increasingly unattractive. These inflows of FDIs from China, along with aid, grants, and trade agreements, have helped to open many African countries’ economies and propel infrastructure development, social impact programs, and a reduction in poverty. Yet, critics question China’s motives and point to the burden facing African countries that may struggle to repay the loans. Using a case study of Ghana and Uganda, the thesis finds that China’s FDI has generally contributed to improved living conditions of the people, but this progress is tempered by trade imbalances, mounting debt, and failure to produce projected job opportunities. For their part, the Chinese have benefited from access to the continent’s resources and new markets for their merchandise. The findings also suggest African countries continue their robust economic ties with China but reduce their dependence on China by exploring other partners and new ways to leverage Africa’s own resources to fund growth and development on the continent.
RightsCopyright is reserved by the copyright owner.
Showing items related by title, author, creator and subject.
Barker, Tyler J. (Monterey, CA; Naval Postgraduate School, 2021-03);Sub-Saharan African countries with established space programs have pursued a variety of different space policies, some focusing on national security, some focusing on socioeconomic development, or some on a mix of the two. ...
Mmolawa, Zibo. (Monterey, California. Naval Postgraduate School, 2000-06-01);This thesis examines the critical factors that contributed to Botswana's economy moving from being among the poorest in the world to be among the fastest growing economies in the world. The study was conducted by comparing ...
The military and nation building : a comparative study of the Nigerian and the South African military as instruments of national integration Nkomo, Pax D. T. (Monterey, California: Naval Postgraduate School, 1999-06);After forty years of independence. African countries are still battling with the problem of nation building. This thesis examines the possibility of the military playing a direct role in ethnic integration. The variables, ...