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by Richard Young (Author)
Document from the year 2021 in the subject Politics - Region: Africa, language: English, abstract: It is without dispute that Africa is rich in diverse non-renewable natural resources and has a large market share for the production of various minerals. Over the years, corruption practices have festered in various institutions within Africa. Although different challenges have contributed to the collapse of the African economy, appropriate reforms can be developed. The expansion of the economic influence of China in Africa has given the Chinese government a comparative advantage in its bilateral trade with African countries. The continuous increase in the role of the Chinese government in African countries has been fostered by the political rulers in the continent. But what are the risks of the Chinese impact on Africa? Does Africa really profit? How can the African institutions work more effectively? Can the Chinese actions be interpreted as a recolonization of Africa? For some African nations, a partnership with China is irresistible because of the significant and urgent need for infrastructure, which China is willing to finance with relaxed but punitive and exorbitant repayment terms. Dr. Richard Young analyses the Chinese impact and its goals to assess the consequences for the African continent. He explains the problems of earlier colonization and connects them to mistakes being made in the present. The author gives practical advice how to deal with the situation and how to improve Africa's institutional for more effectiveness.
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