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Alternatives to African commodity-backed urbanization: the case of China in Angola

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  • Allan Cain

Abstract

With the collapse of oil prices through 2014 to 2016 the Angolan state budget has been drastically reduced, and the government will be unlikely to be able to provide investment and subsidies to continue building new housing and urban infrastructure at the rate of the previous decade. Since the end of the civil war in 2002, the government of Angola has used Chinese credit facilities backed by petroleum-based guarantees to build prestige urban projects. The private sector, both international and local, has been a major beneficiary of state construction subsidies. The private sector, however, has been reluctant to provide its own financing and invest in real estate due to weak land tenure and the lack of legislative reforms to make a functional land market. Solving the problems around land may be a way to stimulate the engagement of private-sector participation in providing financing for housing. The successes and failures of ‘land-value capture’, a method that provided financing for the growth of Chinese cities, should be studied and could be adapted to finance the large backlog in urban upgrading of basic service infrastructure and housing for the poor for cities like Luanda.

Suggested Citation

  • Allan Cain, 2017. "Alternatives to African commodity-backed urbanization: the case of China in Angola," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(3), pages 478-495.
    • Handle: RePEc:oup:oxford:v:33:y:2017:i:3:p:478-495.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grx037
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    Citations

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    Cited by:

    1. Gabriella Y. Carolini, 2021. "Aid’s urban footprint and its implications for local inequality and governance," Environment and Planning A, , vol. 53(2), pages 389-409, March.
    2. Liviu Stelian Begu & Maria Denisa Vasilescu & Larisa Stanila & Roxana Clodnitchi, 2018. "China-Angola Investment Model," Sustainability, MDPI, vol. 10(8), pages 1-17, August.
    3. Jennifer Robinson & Katia Attuyer, 2021. "Extracting Value, London Style: Revisiting the Role of the State in Urban Development," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 45(2), pages 303-331, March.
    4. Paul Collier & Anthony J. Venables, 2017. "Urbanization in developing economies: the assessment," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(3), pages 355-372.
    5. Wang, Yuan, 2022. "Presidential extraversion: Understanding the politics of Sino-African mega-infrastructure projects," World Development, Elsevier, vol. 158(C).

    More about this item

    Keywords

    urban; Angola; China; land rights; real estate markets; social housing; post-conflict; slums; expropriations;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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