Africa's Silk Road : China and India's New Economic Frontier

Broadman, Harry G.

Africa's Silk Road : China and India's New Economic Frontier

2007

Broadman, Harry G.

As illustrated in Africa's Silk Road: China and India's New Economic Frontier, the new South-South economic relations present real opportunities-as well as challenges-to African countries. They also highlight the need for complementary reforms by China and India to support more vigorous African development. In analyzing Africa's intensifying relationships with China and India, Africa's Silk Road examines the trends to date and considers the implications of these developments for the economic future of the African continent. The diagnosis cautions that the opportunities engendered by China and India's trade and investment with Africa will not necessarily be converted into growth and poverty reduction in the region. A critical finding of the study is that it is not just the quantity of these trade and investment flows that matters-it is also the quality of the overall commercial relationships underlying as well as shaping these flows. This paper contains the following headings: connecting two continents; performance and patterns of African-Asian trade and investment flows; challenges at the border - Africa and Asia's trade and investment policies; behind-the-border constraints on African-Asian trade and investment flows; between-the-border factors in African-Asian trade and investment; and investment-trade linkages in African-Asian commerce - scale, integration, and production networks.

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AGROVOC Keywords

agricultural products agriculture commercial banks commodities domestic markets domestic trade economic implications export promotion exports foreign firms foreign investment foreign workers free trade gambia gross domestic product growth rate human capital international trade investment promotion landlocked countries legal status market access natural resources preferential tariffs public sector social costs sub-saharan africa supermarkets taxation telecommunications terms of trade tourism trade agreements trade facilitation unemployment value added vertical integration working capital world trade organization wto

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Publisher

Washington, DC: World Bank

Other Subjects

Monetary community; Business environment; Regional trade agreement; Export processing; General agreement on tariffs; Industrial policy; International commerce; Generalized system of preferences; World price; Trade and investment policies; Regional integration; International standards; Global exports; Technical standards; Foreign ownership; Investment flows; Export performance; Trading partners; Average tariff; Market share; Monetary union; Share of world exports; Gdp; Export promotion agency; Global marketplace; Development assistance; Export market; Bilateral investment; Export opportunities; Political economy; Domestic competitors; Economic research; Consumer goods; Intraregional trade; Regional integration agreement; Import bank; Economic partnership agreement; Average tariffs; Common market; Average tariff rates; Tariff escalation; Export incentives; Transition countries; Double taxation; Exporters; Investment agreements; Weighted tariff; International competitiveness; Labor force; Merchandise trade; Formal trade; Regional trade; Trade agreement; Transactions costs; Trade finance; Customs; Transition economies; Domestic investment; Transport costs; Investment climate assessment; Domestic competition; Policy regimes; Apparel; Trade in services; Price levels; International development; Market power; Tariff rates; Terms of trade effects; General agreement on trade in services; Domestic sales; Domestic investment climate; Importing country; Competitiveness; Trade partners; Economic welfare; Subsidiary rights; Technical assistance; Customs union; Merchandise trade flows; Country of destination; Trade classification; Transparency; Trade credit; Price index; Export intensity; Volume of trade; Benchmarking; Most favored nation; Regional integration agreements; Investment measures; Oil imports; Comparative advantage; Trade control measures; Agreement on trade; Bilateral investment treaty; Production networks; Trade performance; Export prospects; Export share; Price increases; Policy reforms; Market imperfections; Global economy; Financial services; Cross-border trade; Purchasing power; Bilateral trade; Trade integration; Financial markets; Economic community; Global production; Export processing zone; Nontariff barriers; Free trade agreement; Border trade; Contract enforcement; Foreign investors; Foreign investor; World trade; Economic outlook; Export market share; Capital goods; Trade-related investment; Gravity model; Multilateral trade agreements; Ldcs; Foreign direct investment; Import values; Bilateral investment treaties; Multilateral trade; Trade and investment policy; Transport services; Multilateral investment guarantee agency; Domestic market; Export processing zones; Bilateral trade agreements; Oil countries; The; Economic relations; Investment treaties

License

http://hdl.handle.net/10986/7186http://creativecommons.org/licenses/by/3.0/igoWorld BankCC BY 3.0 IGO

ISSN

8213-6835

Corporate Author

Isik, Gozde

Plaza, Sonia

Ye, Xiao

Yoshino, Yutaka

In AGRIS since: 2014-09-15

Format: AGRIS AP

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http://hdl.handle.net/10986/7186

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Africa's Silk Road : China and India's New Economic Frontier

2007

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