Title
Win-win or unequal exchange? The case of the Sino-Congolese cooperation agreements Win-win or unequal exchange? The case of the Sino-Congolese cooperation agreements
Author
Faculty/Department
Faculty of Applied Economics
Institute of Development Policy and Management
Publication type
article
Publication
Cambridge ,
Subject
Politics
Source (journal)
Journal of modern African studies. - Cambridge, 1963, currens
Volume/pages
47(2009) :3 , p. 371-396
ISSN
0022-278X
1469-7777
ISI
000269019000003
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
The recent involvement of China in sub-Saharan Africa is challenging and changing the world geostrategic scene. In the article, we analyse the agreements between the Congolese government and a group of Chinese state-owned enterprises. A number of public infrastructure works will be financed with Chinese loans. To guarantee reimbursement, a Congolese/Chinese joint venture will be created to extract and sell copper, cobalt and gold. These are the biggest trade/investment agreements that China has so far signed in Africa. This article seeks to contribute to the discussion regarding the agreement's impact on internal development in Congo. Does it create a win-win situation for all, or is it an unequal exchange? We outline the internal and international debates and analyse several noteworthy characteristics of the agreements. In conclusion, we present a balanced view on the likely impact on Congo's short-term and long-term development.
Full text (open access)
https://repository.uantwerpen.be/docman/irua/75ccc7/5677.pdf
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