How China is Reshaping the Global Economy: Development Impacts in Africa and Latin America, Second Edition

Description

China's growing economic involvement in Sub-Saharan Africa and Latin America has been a source of major controversy. The official Chinese position maintains that the growth of bilateral relations is of mutual benefit and provides a good example of South-South cooperation. Critics on the other hand see the economic relations between China and other developing countries as highly unequal with most of the benefits accruing to China and a few local elites. They also point to negative socio-economic, political, and environmental consequences.

How China is Reshaping the Global Economy: Development Impacts in Africa and Latin-America throws more light on these controversies through a comparative study of China's impact on the two regions. It looks not just at bilateral relations between China and the two regions but also analyses the changes in the global economy brought about as a result of the shift in economic activity from North America and Western Europe to Asia.

This book looks at the factors which led to rapid economic growth in China and the way in which this has affected global manufacturing, commodity markets, the international presence of Chinese companies, and financial glows. It examines the different forms of Chinese economic involvement in Sub-Saharan Africa and Latin America, the main drivers, and economic, social, political, and environmental consequences. It ends with a comparison of the two regions that highlights the importance of different histories and political and institutional contexts in determining the impacts of China.

Since the first edition of How China is Reshaping the Global Economy: Development Impacts in Africa and Latin-America, China's role in the global economy has continued to expand and the Chinese government's foreign policy has become more assertive. The global presence of China has been marked by the expansion of the Belt and Road Initiative to almost 150 countries and the trade-war between the US and China, as well as increased Western concerns over the activities of major Chinese companies such as Huawei. This new edition documents these changes and their implications for SSA and LAC.

About the author:

Rhys Jenkins is Professor of Development Economics at the School of International Development, University of East Anglia. He has a long standing interest in the socio-economic and environmental impacts of globalisation on developing countries. His recent research has focused on the impact of China on Latin America and on South Africa. He co-edited China and Latin America: Economic Relations in the Twenty-First Century (German Development Institute, 2009) and has published numerous articles on China and Latin America and China and Sub-Saharan Africa, as well as consultancy reports to the UK Department for International Development on the subject.

Table of contents

Introduction: China's Re-emergence as a Global Economic Power
Part I. China and the Global Economy
1. The Transformation of the Chinese Economy
2. The Workshop of the World
3. A Voracious Dragon? China and Global Commodity Markets
4. Going Global: Chinese Firms Abroad
5. The World's Wallet? China's Role in Global Finance
Part II. China and Sub-Saharan Africa
6. China's Economic Expansion in Sub-Saharan Africa
7. China's Economic Impacts on Sub-Saharan Africa
8. Social, Political, and Environmental Impacts in Sub-Saharan Africa
Part III. China and Latin America and the Caribbean
9. China's Economic Expansion in Latin America and the Caribbean
10. China's Economic Impacts on Latin America
11. Social, Political, and Environmental Impacts in Latin America
Part IV. Comparisons and Conclusions
12. A Comparative Perspective on China's involvement in Sub-Saharan Africa and Latin America and the Caribbean
13. Conclusion