Africa's silk road
Subtitle: China and India's new economic frontier
By: Harry G. Broadman, with contributions from Gozde Isik ... [et al.]
Contributors: Isik, Gozde
Publisher: World Bank
Published: 2007
Place of publication: Washington, DC
Language: eng
Number of pages: 391
ISBN-13: 9780821368350; 9780821368367
Subjects: Africa -- Commerce -- China; China -- Commerce -- Africa; Africa -- Commerce -- India; India -- Commerce -- Africa; Africa -- Foreign economic relations -- China; China -- Foreign economic relations -- Africa; Africa -- Foreign economic relations -- India; India -- Foreign economic relations -- Africa
Description: "China and India's new-found interest in trade and investment with Africa-home, to 300 million of the globe's poorest people and the world's most formidable development challenge-presents a significant opportunity for growth and integration of the Sub-Saharan continent into the global economy. Africa's Silk Road finds that China and India's South-South commerce with Africa is about far more than natural resources, opening the way for Africa to become a processor of commodities and a competitive supplier of goods and services to these countries-a major departure from its long-established relations with the North. A growing number of Chinese and Indian businesses active in Africa operate on, a global scale, work with world-class technologies, produce products and services according to the most demanding standards, and foster the integration of African businesses into advanced markets." "There are significant imbalances, however, in these emerging commercial relationships. These can be addressed through a series of reforms in all countries: "At⁰the-border" reforms, such as elimination of China and India's escalating tariffs on Africa's leading exports, and elimination of Africa's tariffs on certain inputs that make exports uncompetitive, "Behind-the-border " reforms in Africa, to unleash competitive market forces and strengthen its basic market institutions, "Between-the-border" improvements in trade facilitation mechanisms to decrease transactions costs, Reforms that leverage linkages between investment and trade, to allow African businesses to participate in global production networks that investments by Chinese and Indian firms can generate. Book jacket."--Jacket.
Notes: Includes bibliographical references (p. 361-375) and index
Table of contents: title: Overview; title: Connecting two continents; title: Conclusions and policy implications; title: Connecting two continents; title: Historical context; title: Scope and methodology of the study; title: Structure of the study; title: Annex 1A: Data sources; title: Annex 1B: Diagnostic trade integration studies; title: Performance and patterns of African-Asian trade and investment flows; title: Introduction; title: Africa and Asia in the global economy; title: Patterns of merchandise trade flows between Africa and Asia; title: Africa's pattern of merchandise trade with China and India; title: Trade in services between Africa and Asia; title: Foreign direct investment between Africa and China and India; title: Key elements shaping African-Asian trade flows; title: Conclusions and policy implications; title: Annex 2A; title: Challenges "at the border": Africa and Asia's trade and investment policies; title: Introduction; title: Domestic trade and investment policy regimes; title: International trade and investment agreements; title: Conclusions and policy implications; title: "Behind-the-border" constraints on African-Asian trade and investment flows; title: Introduction; title: Performance of firms behind-the-border; title: Role of domestic competition in promoting international integration; title: Role of Chinese and Indian firms in affecting Africa's competition and international integration; title: Sources of competition in Africa's market; title: Conclusions and policy recommendations; title: Annex 4A; title: "Between-the-border" factors in African-Asian trade and investment; title: Introduction; title: Remedies for imperfections in the market for information; title: Trade facilitation in Africa-Asian commerce: transport, logistics, and finance; title: Transfers of technology and skills; title: Conclusions and policy recommendations; title: Annex 5A; title: Investment-trade linkages in African-Asian commerce: scale, integration, and production networks; title: Introduction; title: Determinants of linkages between trade and foreign direct investment; title: Evidence on FDI-trade linkages of Chinese and Indian firms in Africa; title: Meeting the challenge of network trade: what are Africa's export opportunities presented by Chinese and Indian foreign investment; title: Conclusions and policy implications