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How China Has Taken Over Africa Essay

Next Factory: China in Africa

Next Factory: How Chinese Investment is Reshaping Africa by Irene Yuan Sun (2017), provides an insightful analysis of China's growing presence in Africa and its impact on the continent's economic development. In recent years, China has emerged as a global superpower with a significant economic, political, and cultural influence around the world. Its Belt and Road Initiative (BRI) has become a centerpiece of its foreign policy, aimed at boosting connectivity and trade across Eurasia and Africa. China is the world's largest trading nation and the second-largest economy, trailing only the United States. It has been expanding its economic influence by investing heavily in infrastructure development, resource extraction, and manufacturing in developing countries like Africa.

Africa's future in the globalized economy, however, remains somewhat uncertain as China is not the only influential regime...

As Sun points out, when Africa needed help at the start of the 21st century, the United States came to the rescue. In 2000, it passed the African Growth and Opportunity Act, granting the least- developed countries in Africa tariff - free access to the US market. Lesotho enjoys those benefits to this...
…concerns that the benefits of this relationship may not be evenly distributed, with some African countries and communities benefiting more than othersas Sun admits: progress is uneven (p. 177). Additionally, there are concerns about debt sustainability, environmental impact, and the social and political implications of China's growing influence in Africa.

Overall, the relationship between China and Africa is evolving in a positive direction for both countries, although its impact on Africa's future in the globalized economy remains to be seen. However, as Sun shows in Next Factory, the growth of Chinese investment in Africa is reshaping the continent and has the potential…

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References


Sun, I. Y. (2017). The next factory of the world: How Chinese investment is reshaping Africa.


Harvard Business Press.


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