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      Inclusive globalization or old wine in a new bottle? China-led globalization in sub-Saharan Africa

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      Author(s)
      Verkhovets, Stepan
      Karaoğuz, E.
      Date
      2022-02-15
      Source Title
      Globalizations
      Electronic ISSN
      1474-774X
      Publisher
      Routledge
      Volume
      19
      Issue
      8
      Pages
      1195 - 1210
      Language
      English
      Type
      Article
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      Abstract
      This article questions whether China’s economic initiatives lead to ‘inclusive globalization’ or tend to sustain the distributional inequalities of neoliberal globalization in the context of sub-Saharan Africa. It argues that many considerations, including China’s so-called ‘no strings attached’ policy and lending behaviour, unfavourable trade relations, concentration of Chinese investments in a few sectors, and limited technology and knowledge transfer, cast doubt on the realization of inclusive globalization. Even though economic relations with China may foster economic growth and provide short-term relief to the poor, which is also conditioned by the recipient countries’ degree of state capacity, it is questionable to what degree these relations lead to sustainable pro-poor development. No matter what the underlying political economy explanation is (China’s motivations and approach to globalization, weak state capacities in sub-Saharan Africa, structural impediments to development), it is misleading to conclude that China-driven economic globalization is inclusive.
      Keywords
      China-led globalization
      Neoliberal globalization
      İnclusive globalization
      Pro-poor development
      İnclusive development
      Sub-Saharan Africa
      Permalink
      http://hdl.handle.net/11693/111729
      Published Version (Please cite this version)
      https://doi.org/10.1080/14747731.2022.2035481
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      • Department of International Relations 571
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