China's Finance in Africa : What and How Much?
Book Details
Format
Paperback / Softback
Book Series
Elements in the Economics of Emerging Markets
ISBN-10
110878979X
ISBN-13
9781108789790
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Mar 4th, 2021
Print length
75 Pages
Weight
136 grams
Dimensions
15.10 x 22.90 x 1.00 cms
Product Classification:
Economics
Ksh 3,250.00
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This Element provides a detailed analysis of official finances from China to Africa with special attention to the question of Africa's foreign finances policy. The findings reveal that Africa has an infrastructure gap and Chinese finances are largely used to fund infrastructure projects.
This Element provides a detailed analysis of official finances from China to Africa with special attention to the question of Africa''s foreign finances policy. The findings reveal that Africa has an infrastructure gap and Chinese finances are largely used to fund infrastructure projects. However, the majority of the funds are loans, which are mortgaged on Africa''s natural resources. In addition, Chinese firms are the ones implementing the projects, and much of the raw material and labor is imported from China. All these calls for Africa to institute a coherent foreign finances policy that ensures African countries fully benefit from these finances.
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