Africa and the world: continuing or new asymmetries?

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Chapter 6 in A Political Economy of African Regionalisms, 2019, pp 112-143 from Edward Elgar Publishing

Abstract: Chapter 6 focuses, first, on the long-standing political ties between Africa and the West, and compares these to the budding relationship between some of the BRICS countries (Brazil, Russia, India, China, South Africa) and Africa. Next, the chapter discusses the asymmetries in trade relations between the African Regional Economic Communities (RECs) and their most important partners, notably the European Union and the United States, and compares these to the patterns that are emerging in relations with the BRICS countries. The chapter further analyses the financial relations of the continent, in particular expressed in investment patterns, by paying attention to traditional investors, but explicitly also looking at the investment flowing from China to Africa. The last empirical analysis in the chapter focuses on trends in aid relationships, and compares the traditional donors with the new players on the geopolitical scene. The chapter concludes by emphasizing that the relationship between Africa and the rest of the world remains characterized by profound systemic asymmetries, which are obvious in a range of political, trade, investment and aid relations. While such asymmetries were traditionally characteristic of the relations between Africa and the West, they have increasingly also become visible in the context of South_South relations, particularly with the increasing activity of some of the BRICS states across Africa.

Keywords: Development Studies; Economics and Finance; Politics and Public Policy Urban and Regional Studies (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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