How China is Reshaping the Global Economy

Development Impacts in Africa and Latin America, Second Edition

Häftad, Engelska, 2022

AvRhys Jenkins,University of East Anglia) Jenkins, Rhys (Professor of Development Economics, Professor of Development Economics, School of International Development

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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.

Produktinformation

Utgivningsdatum2022-07-04
Mått156 x 234 x 24 mm
Vikt690 g
FormatHäftad
SpråkEngelska
Antal sidor464
Upplaga2
FörlagOUP OXFORD
ISBN9780192866356
UtmärkelserWinner, Asia and the Americas LASA Section 2021 Book Award

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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.

Introduction: China's Re-emergence as a Global Economic PowerPart I. China and the Global Economy1: The Transformation of the Chinese Economy2: The Workshop of the World3: A Voracious Dragon? China and Global Commodity Markets4: Going Global: Chinese Firms Abroad5: The World's Wallet? China's Role in Global FinancePart II. China and Sub-Saharan Africa6: China's Economic Expansion in Sub-Saharan Africa7: China's Economic Impacts on Sub-Saharan Africa8: Social, Political, and Environmental Impacts in Sub-Saharan AfricaPart III. China and Latin America and the Caribbean9: China's Economic Expansion in Latin America and the Caribbean10: China's Economic Impacts on Latin America11: Social, Political, and Environmental Impacts in Latin AmericaPart IV. Comparisons and Conclusions12: A Comparative Perspective on China's involvement in Sub-Saharan Africa and Latin America and the Caribbean13: Conclusion

the book is of high academic standard and it shows in-depth analysis in its area of concentration. It deals with the issues directly linked to relations between Asia and Latin America in a profound way. In addition, the volume uses an innovative approach as it focuses not only on the bilateral state-centric level of the links between both regions, but also explores the interests, objectives, and actions of internal actors in China, giving a greater level of depth to the study. Last, but certainly not least, this study not only includes China's economic relations with Latin America and sub-Saharan Africa, but also makes a comparison between the two cases.