The Ambivalent Impact of Commodities: Structural Change or Status quo in Sub-Saharan Africa?
Idioma
en
Article de revue
Este ítem está publicado en
South African Journal of International Affairs. 2013, vol. 20, n° 1, p. 23-55
Resumen en inglés
Sub-Saharan African economies have been exposed to major global changes, in particular a long cycle of increase in commodity prices since the early-2000s, the growth of emerging countries, which are key drivers of high ...Leer más >
Sub-Saharan African economies have been exposed to major global changes, in particular a long cycle of increase in commodity prices since the early-2000s, the growth of emerging countries, which are key drivers of high commodity prices and have become significant trade and investment partners, and since 2008, recession in their traditional export markets. These changes may generate structural transformation, hence requiring a reconceptualisation of the integration of Sub-Saharan Africa into the world economy. China is a major trade partner and investor in commodities, industrial sectors and infrastructures in Sub-Saharan Africa. Will this trade and investment pattern preserve the status quo and entrenchment of market and export structures characterised by the pre-eminence of commodities? Or, in improving governments' fiscal space, will it foster opportunities for structural change? It is argued that it is the presence of 'developmental' political economies that, in the end, creates opportunities for diversification, industrialisation and structural transformation.< Leer menos
Palabras clave
Afrique
Chine
investissement
échanges commerciaux
changement structurel
développement
politiques économiques
Palabras clave en inglés
Sub-Saharan Africa
commodities
China
investment
trade
structural change
development
political economy
Orígen
Importado de HalCentros de investigación