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The economic consequences of China--Africa relations: debunking myths in the debate

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  • Simplice A. Asongu
  • Gilbert A.A. Aminkeng

Abstract

This study dissects with great acuteness some of the big questions on China--Africa relations in order to debunk burgeoning myths surrounding the nexus. It reviews a wealth of recent literature and presents the debate in three schools of thought. No substantial empirical evidence is found to back up sinister prophesies of coming catastrophe from critics of the direction of China--Africa relations. In the mean, the relationship from an economic standpoint is promising and encouraging but more needs to be done regarding multilateral relations, improvement of institutions, and sustainability of resources management. A number of positive signs suggest that China is heading toward the direction which would provide openings for a multipolar dialog. While benefiting in the short run, African governments have the capacity to tailor this relationship and address some socio-economic matters arising that may negatively affect the nexus in the long term. Policy implications are discussed.

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File URL: http://hdl.handle.net/10.1080/14765284.2013.838384
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Journal of Chinese Economic and Business Studies.

Volume (Year): 11 (2013)
Issue (Month): 4 (November)
Pages: 261-277

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Handle: RePEc:taf:jocebs:v:11:y:2013:i:4:p:261-277

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