Computer File

China–Africa and an Economic Transformation

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The last quarter of the twentieth century brought tremendous advances in the
way human beings organize production, work, trade, and many aspects of
social activities. Accelerated advancements in science and technology, the
balance between the relative roles of states and markets, transformations in
global trade and investment regimes, and the global compacts on environment
and social policies have been far reaching. A developing country that
has successfully taken advantage of the opportunities from globalization’s
tidal wave to achieve structural transformation has been China. In a relatively
short four decades, China has emerged as the second-largest economy in the
world with a huge industrial complex and manufacturing base; it has lifted
more than 700 million of its population out of poverty in just a generation
and established itself as one of the most influential countries in global affairs.
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China has become an engine of global economic growth. Since the global
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nancial crisis of 2008, China’s annual contribution of at least 30 per cent to
global growth has been far more than that of any other economy (see
Chapter 2). China is also the largest global trader and net exporter of outward
foreign direct investment (FDI) (see Chapter 2). China’s economic rise can,
therefore, be viewed as a ‘global public good’, with enormous positive impact
on the economic fortunes of many countries across the world, including
Africa.

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Detail Information

Series Title

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Call Number

300.6 ARK c

Publisher

Oxford : Oxford University Press Inc., 2019

Collation

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Language

English

ISBN/ISSN

978–0–19–883050–4

Classification

300

Content Type

text

Media Type

computer

Carrier Type

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Edition

Cet. 1

Subject(s)

Ekonomi
Pemerintahan

Specific Detail Info

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Statement of Responsibility

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