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How China Is Reshaping the Global Economy
Development Impacts in Africa and Latin America
China's growing economic involvement in Sub-Saharan Africa and Latin America has been a source of major controversy. This book sheds light on these controversies through a comparative study of China's impact on the two regions.
Cover; How China is Reshaping the Global Economy: Development Impacts in Africa and Latin America; Copyright; Dedication; Preface and Acknowledgements; Contents; List of Figures; List of Tables; List of Boxes; List of Acronyms; Introduction: China's Re-emergence as a Global Economic Power; 0.1 China, Sub-Saharan Africa, and Latin America and the Caribbean; 0.2 Outline of the Book; Part I: China and the Global Economy; 1: The Transformation of the Chinese Economy; 1.1 Growing Integration with the Global Economy; 1.2 The Financial Sector; 1.3 SOEs and Enterprise Reform.
1.4 Labour, Wages, and Productivity1.5 Natural Resources, Energy, and the Environment; 1.6 Conclusion; 2: The Workshop of the World; 2.1 The Development of Chinese Manufacturing; 2.2 What Makes Chinese Manufactures so Competitive?; 2.2.1 Wages and Productivity; 2.2.2 Economies of Scale and Scope; 2.2.3 The Exchange Rate; 2.2.4 Government Subsidies; 2.3 Key Features of Chinese Manufactured Exports; 2.4 China's Integration into Global Production Networks; 2.5 Global Impacts of the Growth of Chinese Manufacturing; 3: A Voracious Dragon?: China and Global Commodity Markets.
3.1 China's Significance in Commodity Markets3.2 China's Impact on Commodity Prices; 3.2.1 The Commodity Boom; 3.2.2 The 'New Normal' and Chinese Demand for Commodities; 3.3 Non-price Impacts of China's Demand for Commodities; 3.3.1 Strategies to Secure Supplies; OIL; MINERALS AND METALS; SOYBEANS AND FISHMEAL; IS CHINA 'LOCKING UP' GLOBAL SUPPLIES?; 3.3.2 Industrialization Strategies; 3.3.3 Characteristics of the Chinese Market; 3.4 Conclusion; 4: Going Global: Chinese Firms Abroad; 4.1 China's Outward FDI; 4.2 Overseas Projects by Chinese Companies.
4.3 Strategic Objectives of the Chinese State in Going Global4.3.1 Political Objectives; 4.3.2 Strategic Economic Objectives; 4.4 The Commercial Objectives of Chinese Firms; 4.4.1 Resource Seeking; 4.4.2 Market Seeking; 4.4.3 Efficiency Seeking; 4.4.4 Strategic Asset Seeking; 4.5 Is the International Expansion of Chinese Firms State Driven or Market Driven?; 5: The World's Wallet?: China's Role in Global Finance; 5.1 Portfolio Investment; 5.2 Bank Loans and Trade Credits; 5.3 China as an Aid Donor; 5.3.1 The Scale of Chinese Aid; 5.3.2 The Chinese Aid Architecture.
5.4 Drivers of Chinese Financial Flows5.5 Conclusion; Part II: China and Sub-Saharan Africa; 6: China's Economic Expansion in Sub-Saharan Africa; 6.1 Introduction; 6.2 The Growth of Sino-SSA Relations; 6.2.1 Trade; 6.2.2 Foreign Direct Investment; 6.2.3 Contracted Projects; 6.2.4 Chinese Loans and Aid; 6.3 Key Actors in China-SSA Economic Relations; 6.4 Chinese Interests in Economic Engagement in SSA; 6.4.1 Strategic Diplomatic Objectives; 6.4.2 Strategic Economic Objectives; 6.4.3 Commercial Objectives; 6.5 African Interests in Expanding Economic Relations with China.
6.6 Empirical Analysis of the Determinants of Sino-SSA Economic Relations.
How China Is Reshaping the Global Economy : Development Impacts in Africa and Latin America
Oxford : Oxford University Press USA - OSO, ©2018