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Reconfiguring Transregionalisation in the Global SouthAfro-Asian Trade and the “Africa Rising” Story

Reconfiguring Transregionalisation in the Global South: Afro-Asian Trade and the “Africa Rising”... [The 2000s saw a steep rise in commodity prices, which propelled the (false) narrative of “Africa Rising”. Driven, in part, by demands for the continent’s commodities by some leading “emerging powers”, many African countries saw relatively high levels of growth. At the same time, some Asian countries began to be well-established on the continent and deepened their economic and political connections. These developments then fed into a growing narrative that Asia (specifically China, to a lesser degree India) offered new alternatives to the continent and in fact might be the new “saviours”, offering new models of development and new sources of financing. It is true that new opportunities have been opened up by such trends, but the constants of underdevelopment and dependency remain. In fact, they have been deepened and entrenched. Africa’s maldevelopment has deep and enduring roots and will not be changed by an intensification of interest in its commodities—from whatever source. The task of economic diversification and development, something intrinsic to the entire independence project, remains.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Reconfiguring Transregionalisation in the Global SouthAfro-Asian Trade and the “Africa Rising” Story

Part of the International Political Economy Series Book Series
Editors: Anthony, Ross; Ruppert, Uta
Taylor, Ian
Reconfiguring Transregionalisation in the Global South — Nov 2, 2019
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References (38)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
ISBN
978-3-030-28310-0
Pages
19 –40
DOI
10.1007/978-3-030-28311-7_2
Publisher site
See Chapter on Publisher Site

Abstract

[The 2000s saw a steep rise in commodity prices, which propelled the (false) narrative of “Africa Rising”. Driven, in part, by demands for the continent’s commodities by some leading “emerging powers”, many African countries saw relatively high levels of growth. At the same time, some Asian countries began to be well-established on the continent and deepened their economic and political connections. These developments then fed into a growing narrative that Asia (specifically China, to a lesser degree India) offered new alternatives to the continent and in fact might be the new “saviours”, offering new models of development and new sources of financing. It is true that new opportunities have been opened up by such trends, but the constants of underdevelopment and dependency remain. In fact, they have been deepened and entrenched. Africa’s maldevelopment has deep and enduring roots and will not be changed by an intensification of interest in its commodities—from whatever source. The task of economic diversification and development, something intrinsic to the entire independence project, remains.]

Published: Nov 2, 2019

Keywords: Africa Rising; BRICS; China; Commodities; Dependency; Underdevelopment

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