 The Impact of Emerging Countries on Sub-Saharan African Economies: Factors of Long-Term Growth?Post-Print from HAL Abstract: Sub-Saharan African economies have exhibited positive growth rates since the mid-2000s, and the contribution of emerging countries to this growth is the matter of heated debates. The paper shows the complexity of causalities, which depend on: i) channels (trade, investment); ii) the emerging country (China having by far the strongest impact); and iii) African countries' market structures. On the one hand, this growth relies on structural imbalances: it is generated by distorted export structures that are based on commodities, and falls if international prices decline, which necessarily occurs due to the inherent volatility of prices - high prices are moreover driven by factors that may not last, i.e. the growth of emerging countries; this growth also increases the specialisation of African economies in commodities. On the other hand, emerging countries have positive impacts via their investments, notably in infrastructure, which foster industrialisation. Likewise, developed countries' aid, due to policy conditionality and its detrimental effects, induces greater asymmetries than does the aid of emerging countries. Keywords: Commodities; emerging countries; China; Sub-Saharan Africa (search for similar items in EconPapers) Published in JUNCO (Journal of Universities and International Development Cooperation, Università degli Studi di Torino), 2014, 1, pp.420-418 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01644133 Access Statistics for this paper More papers in Post-Print from HAL |
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