The Role of Special Economic Zones in African Countries. Development and the Chinese FDI

Hao Zhang and Fernanda Ilhéu

No 129, CEsA Working Papers from CEsA - Centre for African and Development Studies

Abstract: The Chinese Government’s policy of “going out” encourages Chinese companies to pay more attention to invest in the new markets, like Latin America, especially Africa. It promotes the establishment of more and more Chinese overseas industrial and trade zones. They not only help increase demand for Chinese-made machinery and equipment, reduce investment entry and operating costs, but also assist China’s efforts to boost industrial restructuring at home and nurture companies to move up the value chain. They also provide a stage for less experienced small and medium-sized enterprises (SMEs) overseas. For the African countries, they can learn from the experience and lessons from the Special Economic Zones (SEZs)established in China. The SEZs have proved to be particularly relevant for Chinese development in the past 35 years, since they were created in 1979, they played a decisive role for development of places like Shenzhen, Zhuhai, Xiamen, Shantou, Hainan and Shanghai.

Keywords: China; African countries; FDI (search for similar items in EconPapers)
Date: 2014-09
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