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Knocking on a Wide-open Door: Chinese Investments in Africa

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  • Peter Kragelund

Abstract

The current strong foothold of Chinese enterprises on the African continent concerns many Western observers. They fear that the West will lose leverage in Africa and simultaneously postpone development. Paradoxically, the advance of Chinese enterprises in Africa is not only the result of deliberate Chinese policies to gain access to resources and markets, but also the consequence of liberal African investment policies imposed by Western donors in the past. This article uses Zambia as a case study to challenge the often one-sided view of the local consequences of China's engagement with Africa, and it shows that we need to consider the type of policies that guide investment flows, in order to increase the local benefits of China's growing presence in the continent.

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  • Peter Kragelund, 2009. "Knocking on a Wide-open Door: Chinese Investments in Africa," Review of African Political Economy, Taylor & Francis Journals, vol. 36(122), pages 479-497, December.
    • Handle: RePEc:taf:revape:v:36:y:2009:i:122:p:479-497
    DOI: 10.1080/03056240903346111
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    References listed on IDEAS

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    1. Ms. Heloisa Marone, 2003. "Small African Stock Markets—The Case of the Lusaka Stock Exchange," IMF Working Papers 2003/006, International Monetary Fund.
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    Cited by:

    1. Cooke, Fang Lee & Wu, Gang & Zhou, Jing & Zhong, Chong & Wang, Jue, 2018. "Acquiring global footprints: Internationalization strategy of Chinese multinational enterprises and human resource implications," Journal of Business Research, Elsevier, vol. 93(C), pages 184-201.
    2. Christian Milelli & Alice Nicole Sindzingre, 2013. "Chinese Outward Foreign Direct Investment in Developed and Developing Countries: Converging Characteristics?," Post-Print hal-01411752, HAL.
    3. Lilliana Lorena AVENDANO, 2017. "Becoming a world power: The role of infrastructure alliances," Journal of Economics and Political Economy, KSP Journals, vol. 4(4), pages 318-328, December.
    4. Annina Kärkkäinen, 2016. "Does China have a geoeconomic strategy towards Zimbabwe? The case of the Zimbabwean natural resource sector," Asia Europe Journal, Springer, vol. 14(2), pages 185-202, June.
    5. Hampwaye Godfrey & Jeppesen Soeren, 2014. "The role of state- business relations in the performance of Zambia’s food processing sub-sector," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 26(26), pages 1-10, December.
    6. Peter J Buckley & L Jeremy Clegg & Hinrich Voss & Adam R Cross & Xin Liu & Ping Zheng, 2018. "A retrospective and agenda for future research on Chinese outward foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(1), pages 4-23, January.
    7. Kenneth Kalu, 2021. "‘Respect’ and ‘agency’ as driving forces for China–Africa relations," Place Branding and Public Diplomacy, Palgrave Macmillan, vol. 17(4), pages 336-347, December.
    8. Lema, Rasmus & Bhamidipati, Padmasai Lakshmi & Gregersen, Cecilia & Hansen, Ulrich Elmer & Kirchherr, Julian, 2021. "China’s investments in renewable energy in Africa: Creating co-benefits or just cashing-in?," World Development, Elsevier, vol. 141(C).

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