China–Africa and an Economic Transformation OUP CORRECTED PROOF – FINAL, 1/4/2019, Spi

OUP CORRECTED PROOF – FINAL, 1/4/2019, SPi China–Africa and an Economic Transformation OUP CORRECTED PROOF – FINAL, 1/4/2019, SPi Praise for the book ‘This book’s accessible up-to-date assessment on the evolving trade and investment relations between China and Africa is a welcome contribution to a field that is under-studied. The asymmetry in Africa-China relations is recognised and honestly addressed, including insights into governance arrangements. Lin and Oqubay’s book is academically rigorous, and also offers immensely practical guidance to Chinese and African stakeholders on how to build this partnership going forward.’ Dr Miriam Altman, PhD, Commissioner in the South African National Planning Commission ‘This is an extremely important volume. In the chatter on China and Africa, the Chinese and Africans are the very ones often left out. The editors them- selves represent a departure from “being spoken to” by a Western world with its own distinct interests. They have assembled a set of chapters of deep insights into collaboration in specific countries and which speak to a complex situation that indicates a changed world because of China and Africa.’ Stephen Chan OBE, Professor of World Politics, SOAS University of London ‘This book comes at a critical moment in China-Africa relations, as both sides explore ways to reach their partnership potential. The 2018 FOCAC Beijing Summit launched an ambitious cooperation agenda in support of Africa’s development, as encapsulated in Agenda 2063. We also agreed to advance shared priorities on the global stage. The African Union is commit- ted to working with China on our joint objectives towards “building an even stronger community with a shared future”.Aswemoveforward,this book, which brings together various intellectual contributions, is a useful resource that captures the concrete achievements of this partnership and highlights the opportunities for even greater impact to the benefitofthe two partners.’ Moussa Faki Mahamat, Chairperson of the African Union Commission ‘Arkebe Oqubay and Justin Yifu Lin have assembled a range of eminent scholars from across the globe to update the debate on one of Africa’s partners OUP CORRECTED PROOF – FINAL, 1/4/2019, SPi that is here to stay: China. African countries’ relations with China are evolving, solidifying, intensifying and diversifying – and they require constant learning and adaptation to understand. With this nuanced book, the authors illustrate that Chinese engagement is no panacea to African countries’ development, yet the Chinese positive narrative of Africa is a fresh wind from the east that can be harnessed for home-grown strategic action. A key read for scholars and policy-makers alike!’ Sven Grimm, Head of Programme at German Development Institute and Associate Professor, Stellenbosch University ‘Amustread– a brilliant up-to-date review of Africa-China economic relationships and how they have evolved over the last 25 years, during the surge of China’s own development. The book analyses how Africa-China relationships contrast with past and present Africa’s economic relationship with the West, bringing out the positives and new opportunities of trade with China as well as the negatives and possible future problems, such as rising debt and trade deficit gaps. The chapters are analysed by a distinguished panel of well-placed authors, throwing interesting light on what Africa and others can learn from China’sown accelerated development. The result is an important document which deserves the attention of national and international policymakers in Africa, the West and China as well as students and analysists following China-African relations.’ Sir Richard Jolly, Honorary Professor and Research Associate, Institute of Development Studies, UK ‘If you are a public or private entrepreneur, or anyone with a vision to build more prosperous nations and businesses across the African continent in the next 50 years, then this fascinating book is a must-read. Clearly, China’s ability to transform its economy, lift nearly 1-billion people out of poverty, and shape global technological advances—all in a period of less than 50 years—is inspiring and instructive for Africa. It shows that such a transformation is possible. The editors and authors do a stellar job of showing how more strategic approaches by African countries, that navigate the dynamic and complex conditions, are urgently required to unlock unprecedented economic value across the continent and ensure mutual economic benefit going forward. Whether in government or the private sector, anyone with a real commitment to the sustainable and prosperous future of both, will be wise to carefully study this volume and glean actionable insights from its historically grounded and intellectually robust analysis.’ Strive Masiyiwa, Founder Econet ‘A compelling and cogent work, China-Africa and an Economic Transformation offers an opportunity to engage leading policymakers and senior scholars. Cutting against clichéd representations of relations between China and Africa, the contributing authors provide fresh and original ideas about pathways to OUP CORRECTED PROOF – FINAL, 1/4/2019, SPi development. Oqubay and Lin’s volume is timely and challenging. This book is a gem, and that’s an understatement.’ James H. Mittelman, Distinguished Research Professor and University Professor Emeritus, American University ‘Africa’s development and structural transformation must be premised on Africans finding the best development pathways suited to the continent’s cultural, social and economic context. This interesting volume by Justin Lin and Arkebe Oqubay is among the first to explore the practical application of China’s economic development model to Africa and to examine its successes and failures. It is timely, and a must read in a changing global context of multipolarity that questions what works and what does not in economic development.’ Ngozi Okonjo-Iweala, PhD, former Finance Minister, Nigeria ‘African countries are poised to experience sustained growth and development. China is positioned by its own economic development and its external development policies to play a major and expanding role in that process. China-Africa and an Economic Transformation, a book edited by Justin Yifu Lin and Arkebe Oqubay, presents a clear and important assessment of the multi-faceted inter- actions between China and its African trade and investment partners. Among the books many great strengths is its explicit recognition of the dynamic and changing aspects of the relationships, responding to shifts in all of these econ- omies, and in the global context. It will become essential reading for policy makers, businesses and civil society leaders in Africa and China, but also for a global constituency concerned about the SDGs and the inclusiveness of the growth patterns in the global economy.’ Michael Spence, Professor of Economics, Stern School of Business, New York University, Nobel Prize in Economics 2001 ‘As the role of China in Africa grows, it is critical that policymakers, businesses, and civil society leaders have an in-depth understanding of the relationship in order to make well-informed decisions to maximize opportunities and benefits. The new book edited by Arkebe Oqubay and Justin Yifu Lin, China-Africa and an Economic Transformation, will serve as a guide to decision-makers by bringing together a nuanced analysis of the historical lessons from China’sowndevelop- ment story, the role of Sino-African relations in Africa’s infrastructural development to date, and the potential trajectories for this partnership over the coming decades. Capturing the diverse and dynamic nature of the economic ties between China and Africa and relating it to Africa’s transformation is a novel approach of this volume. A must-read for policymakers, practitioners, and researchers working toward a healthy and vibrant economic future for the African continent.’ Mark Suzman, Chief Strategy Officer, and President, Global Policy & Advocacy, Bill & Melinda Gates Foundation OUP CORRECTED PROOF – FINAL, 1/4/2019, SPi China–Africa and an Economic Transformation Edited by Arkebe Oqubay and Justin Yifu Lin 1 3 Great Clarendon Street, Oxford, OX2 6DP, United Kingdom Oxford University Press is a department of the University of Oxford. It furthers the University’s objective of excellence in research, scholarship, and education by publishing worldwide. Oxford is a registered trade mark of Oxford University Press in the UK and in certain other countries © Oxford University Press 2019 The moral rights of the authors have been asserted First Edition published in 2019 Impression: 1 Some rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, for commercial purposes, without the prior permission in writing of Oxford University Press, or as expressly permitted by law, by licence or under terms agreed with the appropriate reprographics rights organization. This is an open access publication, available online and distributed under the terms of a Creative Commons Attribution – Non Commercial – No Derivatives 4.0 International licence (CC BY-NC-ND 4.0), a copy of which is available at http://creativecommons.org/licenses/by-nc-nd/4.0/. Enquiries concerning reproduction outside the scope of this licence should be sent to the Rights Department, Oxford University Press, at the address above. Published in the United States of America by Oxford University Press 198 Madison Avenue, New York, NY 10016, United States of America British Library Cataloguing in Publication Data Data available Library of Congress Control Number: 2018963936 ISBN 978–0–19–883050–4 Printed and bound in Great Britain by Clays Ltd, Elcograf S.p.A. Links to third party websites are provided by Oxford in good faith and for information only. Oxford disclaims any responsibility for the materials contained in any third party website referenced in this work. OUP CORRECTED PROOF – FINAL, 1/4/2019, SPi This book is dedicated to Deborah Brautigam, a pioneer in China– Africa research, who inspires many established and up-and-coming scholars.

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