INSEAD Library

Includes bibliographical references and index

Digitized

Africa's Silk Road China and India's New Economic Frontier Contents Foreword Acknowledgments Acronyms and Abbreviations xix xxi xxiii Overview Connecting Two Continents Conclusions and Policy Implications Endnotes 1 1 33 40 1 Connecting Two Continents Historical Context Scope and Methodology of the Study Structure of the Study Annex 1A: Data Sources Annex 1B: Diagnostic Trade Integration Studies Endnotes 41 41 43 47 52 57 58 2 Performance and Patterns of African-Asian Trade and Investment Flows Introduction Africa and Asia in the Global Economy 59 59 60 Vi AFRICA'S SILK ROAD: CHINA AND INDIA'S NEW ECONOMIC FRONTIER Patterns of Merchandise Trade Flows Between Africa and Asia 69 Africa's Pattern of Merchandise Trade with China and India 79 Trade in Services Between Africa and Asia 88 Foreign Direct Investment Between Africa and China and India 91 Key Elements Shaping African-Asian Trade Flows 104 Conclusions and Policy Implications 112 Annex 2A 114 Endnotes 126 3 Challenges "At the Border": Africa and Asia's Trade and Investment Policies Introduction Domestic Trade and Investment Policy Regimes International Trade and Investment Agreements Conclusions and Policy Implications Endnotes 129 129 130 165 179 183 4 "Behind-the-Border" Constraints on African-Asian Trade and Investment Flows Introduction Performance of Firms Behind-the-Border Role of Domestic Competition in Promoting International Integration Role of Chinese and Indian Firms inAffecting Africa's Competition and International Integration Sources of Competition in Africa's Market Conclusions and Policy Implications Annex 4A Endnotes 187 187 188 191 203 209 226 230 231 5 "Between-the-Border" Factors in African-Asian Trade and Investment Introduction Remedies for Imperfections in the Market for Information 235 235 237 CONTENTS Vii Trade Facilitation in African-Asian Commerce: Transport, Logistics, and Finance Transfers of Technology and Skills Conclusions and Policy Implications Annex 5A Endnotes 256 272 282 286 287 6 Investment-Trade Linkages in African-Asian Commerce: Scale, Integration, and Production Networks Introduction Determinants of Linkages Between Trade and Foreign Direct Investment Evidence on FDI-Trade Linkages of Chinese and Indian Firms in Africa Meeting the Challenge of Network Trade: What Are Africa's Export Opportunities Presented by Chinese and Indian Foreign Investment? Conclusions and Policy Implications Endnotes Bibliography Index 289 289 292 308 328 349 357 361 377