Tag: china
-

Africa and China: A Love Affair?
China’s relationship with Africa dates back to the 1950s when the Asian power strongly supported newly independent African nations through financial assistance and infrastructure projects. This relationship shifted towards economic realism by the latter part of the 20th century. China’s increasing economic role and influence in Africa over the past six decades can be attributed…
-
China’s Economic Partnership with Africa: Opportunities and Challenges
There is an ongoing battle in Africa for a share of the continent’s lucrative and enticing economic opportunities. Emerging economic powers such as Brazil, Russia, India and China are making their case for a share of Africa’s vast and rich natural resources. One of these emerging global powers is China, which has doubled its investment…
-
Critique of World Bank and IMF: Effects on Global South Economies
The World Bank and the International Monetary Fund (IMF) were created by leaders of the 44 nations of the Bretton Woods conference. The World Bank was responsible for financing long-term productive investment in member countries while the IMF was to provide loans to overcome short-term balance of payment deficits. The leaders feared an unregulated global…