India Chian Africa Internation Relation
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International Relation of Arica with India and China
2012
Mentor:
TERM PAPER
International Business (SML 822)
Introduction
China and India are often described as the next engines of world economic growth. The amplified presence of the two countries on the African continent is now widely noticed, and although India’s presence might have been less popularly exposed than China’s, it is nonetheless of substantial and increasing importance. Popular and academic accounts of this phenomenon range from viewing it as a new scramble for Africa to seeing it as a relationship that is beneficial to all parties..
Chinese and Indian presence on the African continent constitutes a response to the current general fluidity in the international political landscape, and offers less support for the view of a new scramble for Africa. In the context of the current features of the global economy, what Africa needs is African agency. The Chinese and Indian stakeholders are, in contrast to the notion of “scrambling”, playing according to the rules of the global economy. We will therefore argue that African stakeholders at all levels need to embrace the situation and advance Africa’s governance and international relations’ interests. If only to bear in mind that in global politics and economics there are no permanent friends, only permanent interests.
Africa’s Traditional Trade Partners
Over the last decade, Africa's trade volume with traditional partners doubled in nominal value, as shown in Figure 6.4. Africa’s overall trade volume has more than doubled however which explains why the share of traditional partners decreased. Africa’s trade with traditional partners remains crucial, however, at close to 62% according to Figure 6.4. The European Union still represents more than 40% of Africa’s trade – the equivalent of USD 256 billion – and almost three times that of China. As African countries strive to make the most of growing relations with the new economic
International Relation of Arica with India and China
2012
Mentor:
TERM PAPER
International Business (SML 822)
Introduction
China and India are often described as the next engines of world economic growth. The amplified presence of the two countries on the African continent is now widely noticed, and although India’s presence might have been less popularly exposed than China’s, it is nonetheless of substantial and increasing importance. Popular and academic accounts of this phenomenon range from viewing it as a new scramble for Africa to seeing it as a relationship that is beneficial to all parties..
Chinese and Indian presence on the African continent constitutes a response to the current general fluidity in the international political landscape, and offers less support for the view of a new scramble for Africa. In the context of the current features of the global economy, what Africa needs is African agency. The Chinese and Indian stakeholders are, in contrast to the notion of “scrambling”, playing according to the rules of the global economy. We will therefore argue that African stakeholders at all levels need to embrace the situation and advance Africa’s governance and international relations’ interests. If only to bear in mind that in global politics and economics there are no permanent friends, only permanent interests.
Africa’s Traditional Trade Partners
Over the last decade, Africa's trade volume with traditional partners doubled in nominal value, as shown in Figure 6.4. Africa’s overall trade volume has more than doubled however which explains why the share of traditional partners decreased. Africa’s trade with traditional partners remains crucial, however, at close to 62% according to Figure 6.4. The European Union still represents more than 40% of Africa’s trade – the equivalent of USD 256 billion – and almost three times that of China. As African countries strive to make the most of growing relations with the new economic