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...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Midlands State University
2015
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/11408/654 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | 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. |
|---|