Africa's Silk Road : China and India's New Economic Frontier

As illustrated in Africa's Silk Road: China and India's New Economic Frontier, the new South-South economic relations present real opportunities-as well as challenges-to African countries. They also highlight the need for complementary reforms by China and India to support more vigorous African development. In analyzing Africa's intensifying relationships with China and India, Africa's Silk Road examines the trends to date and considers the implications of these developments for the economic future of the African continent. The diagnosis cautions that the opportunities engendered by China and India's trade and investment with Africa will not necessarily be converted into growth and poverty reduction in the region. A critical finding of the study is that it is not just the quantity of these trade and investment flows that matters-it is also the quality of the overall commercial relationships underlying as well as shaping these flows. This paper contains the following headings: connecting two continents; performance and patterns of African-Asian trade and investment flows; challenges at the border - Africa and Asia's trade and investment policies; behind-the-border constraints on African-Asian trade and investment flows; between-the-border factors in African-Asian trade and investment; and investment-trade linkages in African-Asian commerce - scale, integration, and production networks.

Bibliographic Details

Main Author:	Broadman, Harry G.
Other Authors:	Isik, Gozde
Language:	English en_US
Published:	Washington, DC: World Bank 2007
Subjects:	AGREEMENT ON TRADE, AGRICULTURAL PRODUCTS, AGRICULTURE, APPAREL, AVERAGE TARIFF, AVERAGE TARIFF RATES, AVERAGE TARIFFS, BENCHMARKING, BILATERAL INVESTMENT, BILATERAL INVESTMENT TREATIES, BILATERAL INVESTMENT TREATY, BILATERAL TRADE, BILATERAL TRADE AGREEMENTS, BORDER TRADE, BUSINESS ENVIRONMENT, CAPITAL GOODS, COMMERCIAL BANKS, COMMODITIES, COMMON MARKET, COMPARATIVE ADVANTAGE, COMPETITIVENESS, CONSUMER GOODS, CONTRACT ENFORCEMENT, COUNTRY OF DESTINATION, CROSS-BORDER TRADE, CUSTOMS, CUSTOMS UNION, DEVELOPMENT ASSISTANCE, DOMESTIC COMPETITION, DOMESTIC COMPETITORS, DOMESTIC INVESTMENT, DOMESTIC INVESTMENT CLIMATE, DOMESTIC MARKET, DOMESTIC MARKETS, DOMESTIC SALES, DOMESTIC TRADE, DOUBLE TAXATION, ECONOMIC COMMUNITY, ECONOMIC IMPLICATIONS, ECONOMIC OUTLOOK, ECONOMIC PARTNERSHIP AGREEMENT, ECONOMIC RELATIONS, ECONOMIC RESEARCH, ECONOMIC WELFARE, EXPORT INCENTIVES, EXPORT INTENSITY, EXPORT MARKET, EXPORT MARKET SHARE, EXPORT OPPORTUNITIES, EXPORT PERFORMANCE, EXPORT PROCESSING, EXPORT PROCESSING ZONE, EXPORT PROCESSING ZONES, EXPORT PROMOTION, EXPORT PROMOTION AGENCY, EXPORT PROSPECTS, EXPORT SHARE, EXPORTERS, EXPORTS, FINANCIAL MARKETS, FINANCIAL SERVICES, FOREIGN DIRECT INVESTMENT, FOREIGN FIRMS, FOREIGN INVESTMENT, FOREIGN INVESTOR, FOREIGN INVESTORS, FOREIGN OWNERSHIP, FOREIGN WORKERS, FORMAL TRADE, FREE TRADE, FREE TRADE AGREEMENT, GAMBIA, GDP, GENERAL AGREEMENT ON TARIFFS, GENERAL AGREEMENT ON TRADE IN SERVICES, GENERALIZED SYSTEM OF PREFERENCES, GLOBAL ECONOMY, GLOBAL EXPORTS, GLOBAL MARKETPLACE, GLOBAL PRODUCTION, GRAVITY MODEL, GROSS DOMESTIC PRODUCT, GROWTH RATE, HUMAN CAPITAL, IMPORT BANK, IMPORT VALUES, IMPORTING COUNTRY, INDUSTRIAL POLICY, INTERNATIONAL COMMERCE, INTERNATIONAL COMPETITIVENESS, INTERNATIONAL DEVELOPMENT, INTERNATIONAL STANDARDS, INTERNATIONAL TRADE, INTRAREGIONAL TRADE, INVESTMENT AGREEMENTS, INVESTMENT CLIMATE ASSESSMENT, INVESTMENT FLOWS, INVESTMENT MEASURES, INVESTMENT PROMOTION, INVESTMENT TREATIES, LABOR FORCE, LANDLOCKED COUNTRIES, LDCS, LEGAL STATUS, MARKET ACCESS, MARKET IMPERFECTIONS, MARKET POWER, MARKET SHARE, MERCHANDISE TRADE, MERCHANDISE TRADE FLOWS, MONETARY COMMUNITY, MONETARY UNION, MOST FAVORED NATION, MULTILATERAL INVESTMENT GUARANTEE AGENCY, MULTILATERAL TRADE, MULTILATERAL TRADE AGREEMENTS, NATURAL RESOURCES, NONTARIFF BARRIERS, OIL COUNTRIES, OIL IMPORTS, POLICY REFORMS, POLICY REGIMES, POLITICAL ECONOMY, PREFERENTIAL TARIFFS, PRICE INCREASES, PRICE INDEX, PRICE LEVELS, PRODUCTION NETWORKS, PUBLIC SECTOR, PURCHASING POWER, REGIONAL INTEGRATION, REGIONAL INTEGRATION AGREEMENT, REGIONAL INTEGRATION AGREEMENTS, REGIONAL TRADE, REGIONAL TRADE AGREEMENT, SHARE OF WORLD EXPORTS, SOCIAL COSTS, SUB-SAHARAN AFRICA, SUBSIDIARY RIGHTS, SUPERMARKETS, TARIFF ESCALATION, TARIFF RATES, TAXATION, TECHNICAL ASSISTANCE, TECHNICAL STANDARDS, TELECOMMUNICATIONS, TERMS OF TRADE, TERMS OF TRADE EFFECTS, THE, TOURISM, TRADE AGREEMENT, TRADE AGREEMENTS, TRADE AND INVESTMENT POLICIES, TRADE AND INVESTMENT POLICY, TRADE CLASSIFICATION, TRADE CONTROL MEASURES, TRADE CREDIT, TRADE FACILITATION, TRADE FINANCE, TRADE IN SERVICES, TRADE INTEGRATION, TRADE PARTNERS, TRADE PERFORMANCE, TRADE-RELATED INVESTMENT, TRADING PARTNERS, TRANSACTIONS COSTS, TRANSITION COUNTRIES, TRANSITION ECONOMIES, TRANSPARENCY, TRANSPORT COSTS, TRANSPORT SERVICES, UNEMPLOYMENT, VALUE ADDED, VERTICAL INTEGRATION, VOLUME OF TRADE, WEIGHTED TARIFF, WORKING CAPITAL, WORLD PRICE, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:	http://documents.worldbank.org/curated/en/2006/01/7177292/africas-silk-road-china-indias-new-economic-frontier-vol-1-1 https://hdl.handle.net/10986/7186
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