DAKAR – China’s sacred text is not a holy book like the Torah, the Bible, or the Koran. Instead, it is The Art of War by Sun-Tzu. Sun’s core belief is that the “ultimate excellence lies not in winning every battle but in defeating the enemy without ever fighting.”
So it is no surprise that cunning and deception form an essential part of Chinese diplomatic and corporate culture. Indeed, down More >
The year 2010 will mark the 50th anniversary of independence of most African countries. But is there much to celebrate? Economic situation has been improving in recent years – mostly in Eastern and Southern Africa, where economic integration is proceeding within the Common Market for Eastern and Southern Africa (COMESA) and the Southern Africa Development Community (SADC). Unfortunately, this is More >
As a result of chronically deficient demand in the aftermath of the 2008-2009 financial and economic crises, global imbalances are on the rise again, as is the risk of protectionism. The US accuses China of undervaluing its currency to support its industry. The situation could lead to an “international currency war”. What does this herald for African countries?
If history is any guide, we More >
Africa Business News, Fri, 19 Nov 2010
A new book published this week examines China’s grown engagement in Africa from the perspective of both African and Chinese civil society.
ABN’s London Correspondent Carina Kamel speaks with Sanou Mbaye, a Senegalese economist, who is one of the authors of the book.Related articles
Article : More >
The deepening engagement of China in Africa since the end of the cold war has led to debates about the evolving nature of this relationship. Yet the focus of analysis has largely been More >
A weaker exchange rate makes a country’s exports cheaper, potentially boosting a key source of growth for economies battling to find growth, as they emerge from the 2008-2009 credit crunch and economic crisis suffering from chronically deficient demand. Global imbalances are on the rise again, as is the risk of protectionism. Western countries are battling to keep their exchanges rates low in More >
China-Africa Civil Society Dialogue : Development Challenges in Africa and the Chinese Development Experience
Beijing, P.R. China, October 18th -19th , 2010
For most of the past five decades African countries were locked out of international capital markets. As a result, they have largely been spared the twin woes of the 2008 financial turmoil and subsequent world economic downturn. The More >
DAKAR – Sub-Saharan African is in the grip of currency-union mania. Regional groups of countries in eastern, southern, and western Africa are all giving priority to the idea of creating a monetary union. But haven’t we heard this all before in Africa?
Indeed, today’s enthusiasm for currency unions ignores the poor track record of previous attempts on the continent to establish them through More >
DAKAR – The slump in prices for Africa’s natural resources, which led to chronic deficits in the past, has been reversed. Consumption, fueled by huge Asian demand for African commodities, is on the rise across the continent. For much of Africa, this turn of events should mark a decisive break with endemic poverty. But, unless African leaders change their ways, it will not.
Africa is estimated to More >