HomeContact Site map   Google    www    iipm think tank
   
   
Home Scrutiny Publications Under Cover Mus'ings  
 

Home > Scrutiny > Africa should be cautious...

  
   
     
   Case Studies  
       
  Marketing    
  Human Resource    
  Information Technology    
  Finance    
  Strategy    
       
 
     
   Industries  
       
  Steel    
  Glass    
  Banking    
  Prophylactic    
  Auto    
  Hospitality    
  Energy    
       
 
     
   Other links  
       
  IIPM    
  Planman Consulting    
  Planman Marcom    
  Planman Technologies    
  Daily Indian Media    
  Planman Financial    
  4P's Business and Marketing    
  Business and Economy    
  The Daily Indian    
  The Sunday Indian    
  Arindam Chaudhuri    
  GIDF    
       
 
  
         
Scrutiny
  
Africa should be cautious...
B&E
22/02/2007

The beleaguered continent of Africa may finally have an unusual development ally – China. More specifically, investment from Chinese companies has been growing to satisfy the increasing appetite for Chinese goods.

An study by Organisation for Economic Co-Operation & Development (OECD) reveals that annual direct Chinese investment in Africa topped $100 million mark in the year 2003 (a 100 fold jump from 1990) and trade between China and Africa has grown to $40 billion (in 2005), and would soon touch $100 billion mark (by 2010). These figures, however, don’t highlight the impact that Chinese investments would have on the continent. With investments flowing in without any political or economic pre-conditions attached, African leaders are more than happy in lapping it up (against Western investment which generally has caveats attached). This could result in job creation and growth in African economies, but close on the heels lurk dangers that China brings. The low-cost products might end a host of local industries. Simultaneously, environmental plundering might resume in the whole of Africa. Though the strategic presence of China is being welcomed in Africa, the dangers and risks are equally worrisome. Africa would do well to screen Chinese investment & interests before it takes things far before getting consumed by it.

By:- B&E
Back

  
 
 
       
Home | Scrutiny | Publications | About us | Contact us
Copyright @2010 iipm think tank. All rights reserved.