Economic Networking—Exploring Alternatives for Promoting Sustainable Development in Africa INTRODUCTION The history of European aid intervention in the African, Caribbean and Pacific (ACP) states has traditionally acted to reinforce the hierarchical distinction between the “developed” and the “developing” world. The series of Lome Conventions which granted preferential trade agreements between these groups of countries have proved ineffective in encouraging economic sustainability in the ACP
expanded and intensified its bilateral relations throughout the world; it has joined regional bodies dealing with security and economic issues, and has extended its involvement in multilateral organizations. As a result, China’s foreign policy as a whole is by and large considered to be more dynamic, constructive, flexible and self-confident than was the case during the preceding decades (Medeiros & Taylor Fravel 2003; Sutter 2004). The Sino-African relation has seen an explosive growth in over the
The long-term potential growth rate of South Africa under the current policy environment has been estimated at 3.5%.Per capita GDP growth has proved mediocre, though improving, growing by 1.6% a year from 1994 to 2009, and by 2.2% over the 2000–09 decade, compared to world growth of 3.1% over the same period. The high levels of unemployment, at over 25%, and inequality are considered by the government and most South Africans to be the most salient economic problems facing the country. These issues
South Africa’s BRICS partnership will benefit Africa. Industrialisation will speed up Africa’s economic development. Since membership with BRICS, there has been a significant increase in trade and economic relations between South Africa and BRICS countries. Trade between South Africa and other BRICS countries has increased by an astonishing 15.4 percent. South Africa’s membership of BRICS has provided tangible economic
REGIONLISM IN AFRICA COURSE CODE: IRL 3045 LECTURER: KATETE G. DATE: 11TH JUNE 2015 SUMMER SEMESTER INDIVIDUAL ASSIGNMENT: GIVING EXAMPLES GIVE AT LEAST THREE DIFFERENCES BETWEEN BILATERAL COOPERATION AND MULTILATERAL COOPERATIONS. INTRODUCTION Bilateral and multilateral relations are terms commonly referred to in International Relations. Both terms are focused on relationships that are either amongst two states commonly referred to as bilateral cooperation whereas multilateral cooperation
fishing, and manufacturing agricultural products for export and for domestic consumption. Namibia’s main trading partners are the European Union, Japan, the United States of America, Switzerland, member states of the Southern Africa Development Community and the Southern Africa Customs Union. Why is Namibia a small state? A small state is usually defined according to the following characteristics: small geographical size, small population, small military capabilities and small economy. If a state
Lowrey (1995) supports the fact that there is a theoretical relationship between the Central African Franc (CFA) and France’s inflation rates, and that the CFA members’ monetary policies are, in effect, still determined by France. In the case of French economic aid, various scholars demonstrate how this has traditionally been deployed to maintain influence and power in Africa. As noted above, Cumming (2001) has written extensively about political conditionality as something that the recipient country
Problem: Human Rights Violations in Sino-Africa Cooperation China’s increasing presence in Africa has been exposed to international critiques for human rights violations. Rampant land grabbing by Chinese companies, labor abuses in Chinese factories and farms, and China’s close bonds with authoritarian governments are three major problems that have become protuberant, impeding the progress of China’s “Going-Abroad” strategy in Africa. Take China’s footprint in the African agricultural sector
negotiate for trade relations and explore new trade opportunities. For instance, a study which was carried out by World Trade Organization (WTO) (2008), for the period 1950-2007 shows that export increased by 2.7 percent faster than gross domestic product (GDP). Obviously, regional economic integrations played a vital role in promoting world trade in terms of both quantity and quality of goods and services traded. In light of persistent political and economic problems in Africa, regional economic
is commonly referred to as a global village (Egnatz, 2011). South Africa is integrated highly into the world economy. South Africa is the strongest African economy and has attained positions like being a member of G8 .All these are as a result of globalization. Globalization has had an impact on the economy, the government and social nature resulting to some effects. The paper will look at how globalization has affected South Africa under several categories. It will also give an explanation on the