New actors in the global economy Citation for published version (APA): Broich, T. (2017). New actors in the global economy: the case of Chinese development finance in Africa. Boekenplan. https://doi.org/10.26481/dis.20171213tb Document status and date: Published: 01/01/2017 DOI: 10.26481/dis.20171213tb Document Version: Publisher's PDF, also known as Version of record Please check the document version of this publication: • A submitted manuscript is the version of the article upon submission and before peer-review. There can be important differences between the submitted version and the official published version of record. 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If the publication is distributed under the terms of Article 25fa of the Dutch Copyright Act, indicated by the “Taverne” license above, please follow below link for the End User Agreement: www.umlib.nl/taverne-license Take down policy If you believe that this document breaches copyright please contact us at: [email protected] providing details and we will investigate your claim. Download date: 05 Oct. 2021 A “silent revolution” has taken place in the developing world: The rules of the game of New Actors intheGlobalEconomy international development cooperation between donor countries and recipient countries have begun to change as emerging economies like China have started to significantly increase their foreign finance to the developing world at the beginning of the 21st century. NEW ACTORS IN THE GLOBAL ECONOMY Using the case of Chinese development finance in Africa, this book analyses, both theoreti- cally and empirically, how the entry of players from the Global South like China into develop- ment finance game affects the current framework of international development cooperation The case of Chinese development between the traditional Western donors and investors on the one hand and African recipient finance in Africa countries on the other hand. What is the role of both Western and Chinese foreign aid in explaining current economic, political and institutional developments in Africa? Can the arrival of new actors in the global economy be regarded a significant game changer in the international development architecture, dominated by Western development ideas, finance and practices until recently? And if so, what are the mechanisms and channels at play through which powerful new actors such as China gain increasing bargaining power in the developing world? Tobias Broich About the author Tobias Broich holds a Bachelor and Master Degree in Economics from the School of Business and Economics (SBE), Maastricht University. During his studies, Tobias spent half a year abroad at Simon Fraser University (SFU) in Vancouver, Canada. Tobias completed a development internship at AIESEC Yaoundé, Cameroon, an international non-governmental not-for-profit organization. Tobias also interned for the Hans-Böckler-Foundation in Düssel- dorf, Germany. Tobias joined the PhD program at UNU-MERIT/Maastricht Graduate School of Governance in 2012. His research fields are development economics, political economy, institutional economics, African history and applied econometrics. Tobias is a member of the Society of Institutional and Organizational Economics (SIOE), the World Interdisciplinary Network for Institutional Research (WINIR), the Chinese Economic Association (CEA) and the Royal Dutch Association for Economists (KVS). Between October 2016 and July 2017, he was a Lecturer at the School of Business and Economics (SBE) at Maastricht University. Tobias Broich Tobias Since July 2017, Tobias works in the International Development Unit of the economic research and consulting company ECORYS in Rotterdam, Netherlands, as a consultant in the International Development Unit. In his free time, Tobias enjoys travelling, playing and watching football, swimming, reading and photography. 194 UNU-MERIT UNU-MERIT MGSoG Tobias-Brioch-cover-version-2.pub vrijdag 3 november 2017 10:06 pagina 1 New Actors in the Global Economy • The Case of Chinese Development Finance in Africa DISSERTATION to obtain the degree of Doctor at Maastricht University, on the authority of the Rector Magnificus, Prof. Dr. Rianne M. Letschert in accordance with the decision of the Board of Deans, to be defended in public on Wednesday 13 December 2017, at 14:00 hours by Tobias Broich Supervisor: Prof. Dr. Adam Szirmai Co-Supervisor: Dr. Kaj Thomsson Assessment Committee: Prof. Dr. Jo Ritzen (chair) Prof. Dr. Ewout Frankema (Wageningen University) Dr. Mulu Gebreeyesus (Ethiopian Development Research Institute) Dr. Maty Konte © Tobias Broich, 2017 ISBN: 978 90 8666 438 2 Published by Boekenplan, Maastricht www.boekenplan.nl Illustration cover: Melanie Waidler All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the written permission from the author. To my parents, Hans Josef and Doris, who taught me the true value of education. ACKNOWLEDGEMENTS According to Jose Martí, a Cuban revolutionary and poet, every person should do three things in the course of one’s life: (i) plant a tree, (ii) have a child, and (iii) write a book, because these all live on after us, insuring a measure of immortality. As a grammar school student I scratched the first item off that list already. I am now about to tick the third item off the list. Like any other projects, my PhD project and the book resulting out of it would not have been possible without the generous support from my supervisors, colleagues, family, friends and several other people. I would hereby like to thank them for helping me to scratch the third item off that list. First and foremost, I would like to thank my supervisory team, Eddy Szirmai and Kaj Thomsson, who have accompanied my path since the very beginning. Eddy, you are more than a supervisor. You are a mentor and role model and the institute is lucky to still have you around. Kaj, I already enjoyed having you as my supervisor for my Master Thesis and I was happy that you agreed to be my second supervisor. Thanks to both of you for your guidance over the past years, for providing comments and suggestions when I needed advice, for being patient when I needed more time and for being critical when I needed to sharpen parts of my thesis. Eddy and Kaj, I am truly grateful for all the dedication, time and effort during the past five years we worked together. My sincere thanks also goes to the members of the assessment committee: Jo Ritzen, Ewout Frankema, Mulu Gebreyesus and Maty Konte. Their insightful comments and constructive feedback improved the quality of the thesis and the final version of the dissertation significantly. I would also like to thank Bart Verspagen, the director of UNU-MERIT and director-dean of the Maastricht Graduate School of Governance (MGSoG), who always listened thoughtfully and sympathetically to the concerns of us PhD students. A special thanks goes to the PhD directors of the program, Robin Cowan, Mindel van de Laar and Tatiana Skripka who gave me the opportunity to start and finish a PhD at UNU-MERIT/MGSoG. Mindel, Tatiana and Robin, your guidance throughout this PhD journey was highly appreciated. v ACKNOWLEDGEMENTS I would also like to highlight the role of the administrative staff (Wilma, Susan and Marc), administrative support staff (Danny, Sueli, Mieke, Ingeborg, Marlies, Howard, Janneke, Anouk, Liesbeth, Ad, Monique, Diego, Ingrid, Ralph, Mitie and Vivianne) and the technical staff (Eric, Mourik Jan and Herman). You are the backbone of the institute and you make a difference to the institute. You keep things running smoothly. I clearly acknowledge what you have been and will be doing for us PhD students: Dank je wel! I would like to single out Eveline for her relentless emotional support along the way. Eveline, you have been there for us from the very first day and the fact that you are eager to visit every single PhD defence really shows me that you do care about us. I have been privileged to present my work across at several occasions in Maastricht and across different continents. I am grateful for critical and challenging feedback, comments and suggestions from internal Maastricht University staff members such as Lutz Krebs, Pierre Mohnen, Eleonora Nillesen, Thomas Ziesemer, Neil Foster-McGregor, Théophile Azomahou and Tom van Veen, but also from the participants of the International UNU-MERIT Conference in Maastricht, the CSAE Conference in Oxford, United Kingdom, the GLOBELICS