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China and the Terms of Trade: The Challenge to Development Strategy in Sub-Saharan Africa

In: Global Giant

Author

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  • Raphael Kaplinsky

Abstract

Beyond the minutiae of everyday, annual, and five-year cycles of policy lies the choice of development strategy. This shapes the trajectory of the economy over long periods, affecting not only the rate of economic growth but also its welfare and environmental impacts. It is customary (at least for economists) for this strategic choice to be located as a technical issue. “Which sectors should be privileged?” “what should be the balance between public and private actors in resource allocation?” and “what price signals will lead to the optimal outcome” are seen as decisions of economic rationality.

Suggested Citation

  • Raphael Kaplinsky, 2009. "China and the Terms of Trade: The Challenge to Development Strategy in Sub-Saharan Africa," Palgrave Macmillan Books, in: Eva Paus & Penelope B. Prime & Jon Western (ed.), Global Giant, chapter 0, pages 115-134, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62268-5_6
    DOI: 10.1057/9780230622685_6
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    Cited by:

    1. Yue Teng & Dic Lo, 2019. "Determinants of Developing Countries' Export Upgrading: The Role of China and Productive Investment," Working Papers 227, Department of Economics, SOAS University of London, UK.
    2. Issaka Dialga, 2017. "Changing the Africa's impoverishing economic model: Towards a rewarding sustainable specialization model with a new factor of production," Working Papers halshs-01500431, HAL.

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