ISBN : 9780198738510
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.
How China is Reshaping the Global Economy 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.
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 Impact on Latin America
11 Social, Political, and Environmental Impacts in Latin America
Part IV: Comparisons and Conclusions
12 A Comparative Perspective: China in Sub-Saharan Africa with China in Latin America and the Caribbean