Africa's Silk Road: China And India's New Economic Frontier

Business & Finance, Economics, Development & Growth
Cover of the book Africa's Silk Road: China And India's New Economic Frontier by Broadman Harry G., World Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Broadman Harry G. ISBN: 9780821368350
Publisher: World Bank Publication: November 2, 2006
Imprint: Language: English
Author: Broadman Harry G.
ISBN: 9780821368350
Publisher: World Bank
Publication: November 2, 2006
Imprint:
Language: English
China and India's new-found interest in trade and investment with Africa - home to 300 million of the globe's poorest people and the world's most formidable development challenge - presents a significant opportunity for growth and integration of the Sub-Saharan continent into the global economy. Africa's Silk Road finds that China and India's South-South commerce with Africa is about far more than natural resources, opening the way for Africa to become a processor of commodities and a competitive supplier of goods and services to these countries - a major departure from its long established relations with the North. A growing number of Chinese and Indian businesses active in Africa operate on a global scale, work with world-class technologies, produce products and services according to the most demanding standards, and foster the integration of African businesses into advanced markets. There are significant imbalances, however, in these emerging commercial relationships. These can be addressed through a series of reforms in all countries:"At-the-border" reforms, such as elimination of China and India's escalating tariffs on Africa's leading exports, and elimination of Africa's tariffs on certain inputs that make exports uncompetitive "Behind-the-border" reforms in Africa, to unleash competitive market forces and strengthen its basic market institutions "Between-the-border" improvements in trade facilitation mechanisms to decrease transactions costs Reforms that leverage linkages between investment and trade, to allow African businesses to participate in global production networks that investments by Chinese and Indian firms can generate.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
China and India's new-found interest in trade and investment with Africa - home to 300 million of the globe's poorest people and the world's most formidable development challenge - presents a significant opportunity for growth and integration of the Sub-Saharan continent into the global economy. Africa's Silk Road finds that China and India's South-South commerce with Africa is about far more than natural resources, opening the way for Africa to become a processor of commodities and a competitive supplier of goods and services to these countries - a major departure from its long established relations with the North. A growing number of Chinese and Indian businesses active in Africa operate on a global scale, work with world-class technologies, produce products and services according to the most demanding standards, and foster the integration of African businesses into advanced markets. There are significant imbalances, however, in these emerging commercial relationships. These can be addressed through a series of reforms in all countries:"At-the-border" reforms, such as elimination of China and India's escalating tariffs on Africa's leading exports, and elimination of Africa's tariffs on certain inputs that make exports uncompetitive "Behind-the-border" reforms in Africa, to unleash competitive market forces and strengthen its basic market institutions "Between-the-border" improvements in trade facilitation mechanisms to decrease transactions costs Reforms that leverage linkages between investment and trade, to allow African businesses to participate in global production networks that investments by Chinese and Indian firms can generate.

More books from World Bank

Cover of the book The Great Recession And Developing Countries : Economic Impact And Growth Prospects by Broadman Harry G.
Cover of the book 2009 Annual Review Of Development Effectiveness: Improving Corporate Financial Reporting To Support Regional Economic Development by Broadman Harry G.
Cover of the book Localizing Development: Does Participation Work? by Broadman Harry G.
Cover of the book Regenerating Urban Land by Broadman Harry G.
Cover of the book Climate Change and the World Bank Group: Phase I I - The Challenge of Low-Carbon Development by Broadman Harry G.
Cover of the book The State of Social Safety Nets 2015 by Broadman Harry G.
Cover of the book Africa At A Turning Point?: Growth, Aid, And And External Shocks by Broadman Harry G.
Cover of the book Building Better Policies by Broadman Harry G.
Cover of the book Annual World Bank Conference On Development Economics 2008, Global: Private Sector And Development by Broadman Harry G.
Cover of the book World Development Report 2015 by Broadman Harry G.
Cover of the book The Market For Remittance Services In The Czech Republic: Outcomes Of A Survey Among Migrants by Broadman Harry G.
Cover of the book Globalization And Development: A Latin American And Caribbean Perspective by Broadman Harry G.
Cover of the book Information And Communication Technologies For Women's Socio-Economic Empowerment by Broadman Harry G.
Cover of the book Disease Control Priorities, Third Edition (Volume 3) by Broadman Harry G.
Cover of the book Impact Evaluation of Small and Medium Enterprise Programs in Latin America and the Caribbean by Broadman Harry G.
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy