China (role in Africa) Flashcards
(6 cards)
Who is Africa’s 2nd biggest trading partner?
China - after the EU
How much has China’s trade in Africa grown since 2000s?
400%
What is China getting out of their investment in Africa?
Raw materials, goods (eg oil)
Access to ports
Costs and Benefits in Africa (Angola)
Benefits
-China has written off debt
-sent 600 teachers and 15000 doctors
-built infrastructure
Costs
-local private companies cannot compete
-low quality goods from China
-local portest bc anti-Chinese politician lost
-job losses due to valye of clothing falling
-China blocked UNSC resolution to stop civil war in Darfur, Sudan
What is different about China’s investment in these countries compared to Western countries?
China doesn’t care about human rights abuses
Why is USA a stronger superpower than China?
GDP=$53,000 (China=$6,000)
US provides most financial aid around the world
16/20 top unis are in USA
Formed World Bank, IMF, WTO