China's development: lessons for Africa

There is ample statistical and non statistical evidence to confirm that China’s visibility within the global economic system has increased dramatically over the past three decades. Its share of world trade rose from less than 1 percent in 1979 to 5.2 percent in 2003. The dramatic growth of China o...

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Main Author: Matunhu, Jephias
Format: Article
Language:English
Published: Midlands State University 2015
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Online Access:http://hdl.handle.net/11408/654
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author Matunhu, Jephias
author_facet Matunhu, Jephias
author_sort Matunhu, Jephias
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description There is ample statistical and non statistical evidence to confirm that China’s visibility within the global economic system has increased dramatically over the past three decades. Its share of world trade rose from less than 1 percent in 1979 to 5.2 percent in 2003. The dramatic growth of China over a relatively short space of time has attracted the attention of many Afro-optimistic development economists and policy makers. This desktop research investigates China’s development strategy with a view of drawing lessons for Africa’s development. Data were collected from literature on Africa and China’s socio-economic development trajectories. The study established that China had a unique socio-economic development strategy which was introduced in 1979. The carefully planned strategy has sustained the country’s remarkable development record. The question that begs attention is what lesson can Africa draw from the Chinese experience? Apparently, Africa is the least developing continent in the world, yet it is endowed with plenty economic resources.
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spelling ir-11408-6542022-06-27T13:49:06Z China's development: lessons for Africa Matunhu, Jephias Africa, China, development, strategy, lessons There is ample statistical and non statistical evidence to confirm that China’s visibility within the global economic system has increased dramatically over the past three decades. Its share of world trade rose from less than 1 percent in 1979 to 5.2 percent in 2003. The dramatic growth of China over a relatively short space of time has attracted the attention of many Afro-optimistic development economists and policy makers. This desktop research investigates China’s development strategy with a view of drawing lessons for Africa’s development. Data were collected from literature on Africa and China’s socio-economic development trajectories. The study established that China had a unique socio-economic development strategy which was introduced in 1979. The carefully planned strategy has sustained the country’s remarkable development record. The question that begs attention is what lesson can Africa draw from the Chinese experience? Apparently, Africa is the least developing continent in the world, yet it is endowed with plenty economic resources. 2015-09-11T13:54:35Z 2015-09-11T13:54:35Z 2013 Article 1815-9036 http://hdl.handle.net/11408/654 en The Dyke; open Midlands State University
spellingShingle Africa, China, development, strategy, lessons
Matunhu, Jephias
China's development: lessons for Africa
title China's development: lessons for Africa
title_full China's development: lessons for Africa
title_fullStr China's development: lessons for Africa
title_full_unstemmed China's development: lessons for Africa
title_short China's development: lessons for Africa
title_sort china's development: lessons for africa
topic Africa, China, development, strategy, lessons
url http://hdl.handle.net/11408/654
work_keys_str_mv AT matunhujephias chinasdevelopmentlessonsforafrica