This book demonstrates how the growing economic power of China and India is already influencing the growth patterns of African countries, particularly oil- and commodities-exporting ones. As world prices for commodities rise, producer countries in Africa and throughout the world will gain, but there is more to the story than that. Some African countries are redirecting part of their trade and other relationships from their traditional OECD partners to China and India. The book explores the consequences of this, and comes to some surprising conclusions.
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4.0 out of 5 stars
massive demand for African resources,
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This review is from: Development Centre Studies The Rise of China and India: What's in it for Africa? (Paperback)
This is a brief and interesting speculation about the growing economic influence of China and India on Africa. While the developed world has contemplated, sometimes uneasily, the effect on themselves, relatively little time has been devoted to that on Africa.
Here, the authors describe how mostly China's growth has led to significant export growth of commodities from various African countries. Important cases include cobalt from South Africa, chemicals from Niger, and cotton from many countries. However, there sometimes has been accompanied extra volatility in the prices of these commodities. Perhaps an inevitable effect of the cyclic nature of the global economy. The authors also speculate that India offers a potential comparable to that of China's. Though currently India's impact on Africa is still lesser, its future need for resources could be massive. With the added advantage that shipping to India is far easier than to China.
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