I disagree, because of the neo-colonial aspects and the fact that the deals being struck benefit African kleptocrats. However, the Zambian-born moderate-conservative economist asserts such in MiningWeekly.com: "She notes that 60% to
70% of Africans are under the age of 25; therefore, Chinese investment
should be seen as a welcome strategy to help uplift and grow the African
economy. 'There are significant advantages for African economies
in engaging with China from a trade perspective, job creation and in
terms of investment.' However, governments need to be savvy when
managing investment flows and should recognise that China is
particularly interested in assets that are scarce, finite and depleting.
Therefore, a balance between the consumption and conservation of these
resources should be maintained, Moyo points out."
More: "It is not just
about Africa but also about the broader campaign China has embarked upon
to secure natural resources, as she notes that China is a premier buyer
of many resources, with an estimated one-billion-dollar-a-week spend on
outside investments since 2005. China’s foreign takeover of
Calgary gas producer Nexen, which was approved by the Canadian
government on December 9, has moved Chinese State-owned company China
National Offshore Oil Corp (CNOOC) another step closer to securing the
deal. 'This is the most significant overseas investment ever made by a Chinese company,' says Moyo."
Dr. Moyo continues about Africa and China: "'It
is important for African businesses to continue pursuing a strategy to
form part of a global discourse — such as Brazil, Russia, India and
China — or other emerging markets or developed economies. African
businesses need to step up and mature to the point where they are
engaging with those networks. The [upcoming event African Mining] Indaba is a great opportunity for African engagement on a global scale, Moyo concludes."
Dambisa Moyo: "China's Race For Resources Is Positive For The African Continent"
