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Morley, David - The Cambridge introduction to creative writing (2011) - libgen.li
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| Endnotes 1. UNCTAD has estimated that South-South trade accounts for about 11 percent of global trade and that 43 percent of the South’s trade is with other developing countries. It also has estimated that South-South trade is growing about percent per year. See Puri Lakshmi, A Silent Revolution in South-South Trade,” WTO (2004). http://www.wto.org/english/tratop_e/dda_e/ symp04_ paper7_e.doc 2. Throughout this study, Africa refers to the countries of Sub-Saharan Africa. Between 2000 and 2005, the share of Africa’s exports destined for the EU was reduced by almost one-half, from 50 percent to 27 percent. Data for 2000 are from World Bank (b. Data for 2005 are from IMF Direction of Trade Statistics (IMF DOT for details see chapter 2. 4. IMF DOT. World Bank World Development Indicators. Economic Development in Africa UNCTAD (a. There is no known overlap between the quantitatively surveyed firms and those firms on which the qualitative business case studies were developed. See annex A fora description of the sectors covered. Such surveys conducted before 2006 were known as Investment Climate Surveys surveys conducted since 2006 are now called Enterprise Analysis Surveys. Those surveys have been conducted to collect firm-level data to prepare the World Bank Investment Climate Assessments (ICAs) for individual developing countries around the world. 01-Chap1:01-Chap1 10/8/06 5:47 AM Page 58 Introduction This chapter documents and assesses the trade patterns and investment relations between Africa and Asia, with an emphasis given to the roles of China and India. The analysis focuses not only on the historical trend of African- Asian trade and investment flows at the aggregate level, but also on emerging patterns of these flows at the country (or subregional) levels. The chapter also explores the main determinants of trade and investment flows between Africa and Asia, setting the stage for the discussion in subsequent chapters. To set the context, the chapter begins with a discussion of Africa and Asia’s roles in the world economy, with a focus on those of China and India. Emphasis is given to the fact that Africa is a highly heterogeneous continent of 47 countries, each having different-sized economies, populations, and surface areas, and where GDP per capita ranges from less than to $7,000. It is also a highly segmented continent with extremely inconvenient and costly transportation, contributing to its small role in global trade and investment. The subsequent analysis of the current patterns of trade and investment between Africa and Asia suggests that the recent boom in international commerce is largely driven by complementarities between the two regions, for example, with Africa’s needs for Chinese and Indian manufactured CHAPTER 2 Download 5.17 Mb. Share with your friends:
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