Publication:
The Impact of Rising Chinese Trade and Development Assistance in West Africa

Simple item page
dc.contributor.authorPigato, Miria
dc.contributor.authorGourdon, Julien
dc.date.accessioned2014-07-21T21:44:11Z
dc.date.available2014-07-21T21:44:11Z
dc.date.issued2014-05-23
dc.description.abstractThe rapid economic rise of China over the last twenty years has sustained high global demand and prices for primary commodities such as oil and minerals, greatly benefitting Sub-Saharan (SSA) African countries. China now represents more than 20 percent of SSA's trade, up from just 2.3 percent in 1985. West Africa's share in China's trade is still quite low, 0.6 percent in 2012, but it is rising rapidly. Exports to China - oil, iron, phosphates, gold, cotton, cocoa and cashew nuts, have grown fast. However, they have not grown as rapidly as imports, resulting in a large trade deficit with China (13 percent of West Africa's GDP over 2009-2012). Reasons include a strong consumption demand for inexpensive Chinese products as well as the import-content requirements in development assistance agreements. Looking at the impact of China on West Africa, it appears that West African producers do not compete with China on third markets; by and large their products are complementary. However, West African producers are finding difficult to compete with China in their own domestic as well as in regional markets. The paper's main messages are as follows: Chinese demand for primary commodities is likely to continue in the near future, potentially benefitting West Africa. To maximize these benefits, West African countries need to maintain macroeconomic stability and to design appropriate policies to manage the volatility of commodity prices while raising the competitiveness of the economy. The current stagnation of the agricultural and manufacturing sectors in many West African countries is a sign of Dutch disease effects that should not be underestimated and need to be readdressed; and while the specific reforms needed vary from country to country, they should be comprehensive enough to generate a shift in the policy stance aimed at increasing productivity and encouraging diversification in the tradable sector. Examples of such reforms include the removal of trade restrictions among West African countries, the dismantling of formal and informal trade barriers to regional processing activities and the improvement of trade logistics.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/05/19583835/impact-rising-chinese-trade-development-assistance-west-africa-impact-rising-chinese-trade-development-assistance-west-africa
dc.identifier.doi10.1596/18961
dc.identifier.urihttps://hdl.handle.net/10986/18961
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesAfrica trade practice working paper series;no. 4
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURE
dc.subjectAVERAGE TARIFF
dc.subjectBILATERAL TRADE
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL ASSETS
dc.subjectCAPITAL GOODS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOMPARATIVE DISADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONNECTIVITY
dc.subjectCONSUMER DEMAND
dc.subjectCONSUMER GOODS
dc.subjectCONSUMERS
dc.subjectCOUNTRY MARKETS
dc.subjectCOUNTRY TO COUNTRY
dc.subjectCREDIT LINE
dc.subjectCREDIT LINES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT FINANCE
dc.subjectDEVELOPMENT POLICIES
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC PRODUCERS
dc.subjectDURABLE
dc.subjectDURABLE GOODS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIES OF SCALE
dc.subjectEQUIPMENT
dc.subjectEXPORT CREDITS
dc.subjectEXPORT DIVERSIFICATION
dc.subjectEXPORT GROWTH
dc.subjectEXPORT MARKET
dc.subjectEXPORT OPPORTUNITIES
dc.subjectEXPORT PRICE
dc.subjectEXPORT SECTORS
dc.subjectEXPORT SUPPLY
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXPOSURE
dc.subjectFINAL GOODS
dc.subjectFINANCIAL FLOWS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN MARKETS
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL EXPORTS
dc.subjectGLOBAL MARKETS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectIMPORT BANK
dc.subjectIMPORT MARKETS
dc.subjectIMPORT PRICE
dc.subjectIMPORT PRICES
dc.subjectIMPORT PRODUCTS
dc.subjectIMPORT TARIFFS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINTERMEDIATE INPUTS
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRADE STATISTICS
dc.subjectINVESTING
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT STRATEGY
dc.subjectJOB CREATION
dc.subjectJOINT VENTURES
dc.subjectLEGAL SYSTEMS
dc.subjectLOAN
dc.subjectMACROECONOMIC GROWTH
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET STRUCTURES
dc.subjectMONETARY FUND
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNET EXPORTER
dc.subjectOIL IMPORTS
dc.subjectOUTPUT
dc.subjectOUTSOURCING
dc.subjectPORTFOLIO
dc.subjectPRICE FLUCTUATIONS
dc.subjectPRIVATE INVESTMENT
dc.subjectPRODUCTIVITY GROWTH
dc.subjectRAPID ECONOMIC GROWTH
dc.subjectRAPID EXPANSION
dc.subjectREGIONAL INTEGRATION
dc.subjectREGIONAL TRADE
dc.subjectREGIONAL TRADE AGREEMENTS
dc.subjectSHARE OF WORLD TRADE
dc.subjectSPECIALIZATION
dc.subjectTARIFF RATES
dc.subjectTECHNICAL COOPERATION
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTRADE BALANCE
dc.subjectTRADE BARRIERS
dc.subjectTRADE CLASSIFICATION
dc.subjectTRADE DATA
dc.subjectTRADE DEFICIT
dc.subjectTRADE DEFICITS
dc.subjectTRADE EXPANSION
dc.subjectTRADE FACILITATION
dc.subjectTRADE FLOWS
dc.subjectTRADE IMBALANCE
dc.subjectTRADE INTEGRATION
dc.subjectTRADE INTENSITY
dc.subjectTRADE LOGISTICS
dc.subjectTRADE POLICY
dc.subjectTRADE RELATIONS
dc.subjectTRADE RESTRICTIONS
dc.subjectTRADE SURPLUS
dc.subjectTRADING
dc.subjectTRADING BLOCS
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSFER OF TECHNOLOGY
dc.subjectTRANSPORT COSTS
dc.subjectVALUE OF TRADE
dc.subjectVOLATILITY
dc.subjectWORLD MARKETS
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.titleThe Impact of Rising Chinese Trade and Development Assistance in West Africaen
dspace.entity.typePublication
okr.date.disclosure2014-05-29
okr.date.doiregistration2025-05-05T12:01:51.370510Z
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2014/05/19583835/impact-rising-chinese-trade-development-assistance-west-africa-impact-rising-chinese-trade-development-assistance-west-africa
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid589771468139789266
okr.identifier.externaldocumentum000333037_20140529135320
okr.identifier.internaldocumentum19583835
okr.identifier.report88349
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/05/29/000333037_20140529135320/Rendered/PDF/883490NWP0Box30a0Report0May2302014.pdfen
okr.region.administrativeAfrica
okr.topicInternational Economics and Trade::Free Trade
okr.topicInternational Economics and Trade::Trade Policy
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitAFT: PREM 4 (AFTP4)
okr.volume1 of 1
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
883490NWP0Box30a0Report0May2302014.pdf
Size:
694.46 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
883490NWP0Box30a0Report0May2302014.txt
Size:
92.66 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Other papers