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

Date
2022-02-15
Advisor
Instructor
Source Title
Globalizations
Print ISSN
Electronic ISSN
1474-774X
Publisher
Routledge
Volume
19
Issue
8
Pages
1195 - 1210
Language
English
Type
Article
Journal Title
Journal ISSN
Volume Title
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.

Course
Other identifiers
Book Title
Keywords
China-led globalization, Neoliberal globalization, İnclusive globalization, Pro-poor development, İnclusive development, Sub-Saharan Africa
Citation
Published Version (Please cite this version)