Global Giant pp 115-134 | Cite as

China and the Terms of Trade: The Challenge to Development Strategy in Sub-Saharan Africa

  • Raphael Kaplinsky


Beyond the minutiae of everyday, annual, and five-year cycles of policy lies the choice of development strategy. This shapes the trajectory of the economy over long periods, affecting not only the rate of economic growth but also its welfare and environmental impacts. It is customary (at least for economists) for this strategic choice to be located as a technical issue. “Which sectors should be privileged?” “what should be the balance between public and private actors in resource allocation?” and “what price signals will lead to the optimal outcome” are seen as decisions of economic rationality.


Foreign Direct Investment Gross Domestic Product Global Governance High Income Economy Commodity Sector 
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© Eva Paus, Penelope B. Prime, and Jon Western 2009

Authors and Affiliations

  • Raphael Kaplinsky

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