Advertisement

Global Giant pp 115-134 | Cite as

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

  • Raphael Kaplinsky

Abstract

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.

Keywords

Foreign Direct Investment Gross Domestic Product Global Governance High Income Economy Commodity Sector 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Auty, Richard. 2004. Natural Resources and Civil Strife: A Two-Stage Process. Geopolitics 9(1): 29–49.CrossRefGoogle Scholar
  2. Bloom, David E., Jeffrey D. Sachs, Paul Collier, and Christopher Udry. 1998. Geography, Demography and Economic Growth in Africa. Brookings Papers on Economic Activity 29(2): 207–295.CrossRefGoogle Scholar
  3. Cashin, Paul, Hong Liang, and C. John McDermott. 2000. How Persistent Are Shocks to World Commodity Prices? IMF Staff Papers 47(2): 177–217.Google Scholar
  4. Chen, Shaohua and Martin Ravallion. 2007. Absolute Poverty Measures for the Developing World, 1981–2004. PNAS 104(43): 16757–16762.CrossRefGoogle Scholar
  5. Davis, Mike. 2004. Planet of Slums: Urban Involution and the Informal Proletariat. New Left Review 26: 5–34.Google Scholar
  6. FAO (Food and Agriculture Organization of the United Nations). 2007. Implications for World Agricultural Commodity Markets and Trade of RapidGoogle Scholar
  7. Economic Growth in China and India. Committee on Commodity Problems, Session 66. Rome (Italy), April 23–25.Google Scholar
  8. Gu, Jing, John Humphrey, and Dirk Messner. 2008. Global Governance and Developing Countries: The Implications of the Rise of China. World-Development 36(2): 274–292.CrossRefGoogle Scholar
  9. IMF (International Monetary Fund). 2006. World Economic Outlook: Globalization and Inflation. Washington, DC: International Monetary Fund.Google Scholar
  10. Kaplinsky, Raphael. 2005. Globalization, Poverty and Inequality: Between a Rock and a Hard Place. Cambridge: Polity Press.Google Scholar
  11. Kaplinsky, Raphael, Dorothy McCormick, and Mike Morris. 2008. The Impact of China on SSA, Agenda-Setting. Paper prepared for DFID, IDS Working Paper Brighton, Institute of Development Studies.Google Scholar
  12. Kaplinsky, Raphael and Mike Morris. 2002. A Handbook for Value Chain Research. University of Sussex: Institute of Development Studies.Google Scholar
  13. Keeley, James and James Wilsdon. 2007. China: The Next Science Superpower. London: Demos.Google Scholar
  14. Morris, Mike. 2007. The Rapid Increase of Chinese Imports: How Do We Assess the Industrial, Labour and Socio-Economic Implications? Paper delivered at the 20th Annual Labour Law Conference. Sandton Convention Centre, July 4–6.Google Scholar
  15. Nolan, Peter. 2005. Transforming China: Globalization, Transition and Development. London: Anthem Press.Google Scholar
  16. Prebisch, Raul. 1950. The Economic Development of Latin America and Its Principal Problems. New York: United Nations.Google Scholar
  17. Ramo, Joshua Cooper. 2004. The Beijing Consensus. London: Foreign Policy Centre.Google Scholar
  18. Shenkar, Oded. 2005. The Chinese Century: The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power and Your Job. Upper Saddle, NJ: Pearson Education.Google Scholar
  19. Singer, H.W. 1950. The Distribution of Gains between Investing and Borrowing Countries. American Economic Review 40(2): 473–485.Google Scholar
  20. Tegegne, Gebre-Egziabher. 2006. Asian Imports and Coping Strategies of Medium, Small and Micro Firms: The Case of Footwear Sector in Ethiopia. Mimeo. Addis Ababa: Addis Ababa University.Google Scholar
  21. Tull, Denis M. 2006. China’s Engagement in Africa: Scope, Significance and Consequences. Journal of Modern African Studies 44(3): 459–479.CrossRefGoogle Scholar
  22. UN-Habitat. 2003. The Challenge of the Slums: Global Report on Human Settlements 2003. London: James/Earthscan.Google Scholar
  23. UNCTAD (United Nations Conference on Trade and Development). 2007. World Investment Report 2007. New York and Geneva: United Nations.Google Scholar
  24. World Bank. 2002. Globalization, Growth, and Poverty: Building an Inclusive World Economy. Policy Research Report, Washington, DC: World Bank and Oxford: Oxford University Press.Google Scholar

Copyright information

© Eva Paus, Penelope B. Prime, and Jon Western 2009

Authors and Affiliations

  • Raphael Kaplinsky

There are no affiliations available

Personalised recommendations