Infrastructure as an Internationally Tradable Good: The African–Chinese Nexus

Hern Hern Chua () and Henry Wan ()
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Hern Hern Chua: M.A. Candidate in East Asian Studies, Stanford University, USA
Henry Wan: Economic Department, Cornell University, USA

China Economic Policy Review (CEPR), 2014, vol. 03, issue 02, 1-16

Abstract: As a government-supplied public good, infrastructure facilitates economic development by promoting marketization. Despite an infrastructure deficit in African countries, some governments lack the necessary finance and/or political will to provide this public good. Africa's demand for infrastructure forms the basis to trade with resource-deficient China. This relieves Africa from dependence on the "aid-fatigued" West, and expands the market for Chinese goods and services. Expediency of Chinese policy may indirectly affect development of indigenous governance and firms. Nonetheless, such trade provides sovereign African states an alternative to conditional aid, and can be accepted or rejected with free will.

Keywords: China; Africa; infrastructure trade; public good; Tie-in Aid (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1142/S1793969014500071

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