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AFRICA
’
S SILK ROAD
:
CHINA
AND INDIA’
S NEW ECONOMIC FRONTIER
Endnotes1. 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. 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 percent. Data for 2000 are from World Bank (2004). Data for 2005 are from IMF Direction of Trade Statistics (IMF DOT for details see chapter 2.
4. IMF DOT. UNCTAD 2006.
6. UNCTAD b. The new survey is referred to as WBAATI (World Bank African-Asian Trade and Investment) survey. http://www.fmprc.gov.cn/eng/zxxx/t230615.htm
9. See Broadman (2005).
10. Eisenman and Kurlantzick 2006.
11. This finding of greater integration into African host markets by Indian firms is consistent with the evidence presented earlier regarding the ethnicity and nationality of managers.
12. See Broadman (2005).
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