z-logo
open-access-imgOpen Access
China Belt and Road Initiative:
Author(s) -
William G. Dzekashu
Publication year - 2021
Publication title -
archives of business research
Language(s) - English
Resource type - Journals
ISSN - 2054-7404
DOI - 10.14738/abr.95.10180
Subject(s) - china , foreign direct investment , general partnership , independence (probability theory) , politics , political science , gross domestic product , economic growth , development economics , economy , economics , law , statistics , mathematics
Most of Sub-Sahara Africa gained independence from Europe in a wave from 1957 through the late 1980s with the notion that her former colonial masters would be development partners in the newfound era of political, social, and economic freedom. This perception of partnership is evidenced in the Gross Domestic Product (GDP) growth, but regrettably, in other countries in the continent, there have been delays in infrastructure development. With Europe’s failure to meet the expectation, Africa has turned to China as a development partner. China has tackled some of the urgent infrastructure needs in return for agricultural products and natural resources. This recent partnership with China continues to expand in Africa, demonstrated by the launching of the Belt and Roads Initiative (BRI). East and Southern Africa represent the highest beneficiaries of the BRI engagements, receiving over half of the Foreign Direct Investment (FDI) from China whose foreign investment practices in Africa have come under great criticism from the West. This skepticism is due to the vague nature of the engagements and notes which are not publicly reported. This persistent suspicion by the West calls for close monitoring of the relations between the US and China that could easily escalate to a conflict between both nations. Though under attack, BRI has scored great instances of success through the execution of major infrastructure and commercial projects in partner nations. An issue of focus addressed here is whether the engagements with China represent sustainable relationships for development.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.
Having issues? You can contact us here