Tuesday, September 8, 2009

Inclusive or Exclusive Globalization? Zambia’s Economy and Asian Investment

By Pádraig Carmody, Trinity College Dublin And Godfrey Hampwaye, University of Zambia

Sub-Saharan Africa's economy grew rapidly from 2004 to 2008, largely driven by Asian investment and trade. While much investment has been in primary commodities, Asian-owned manufacturing and other businesses in Africa, despite growing rapidly, have received very little attention. Using survey research, and other primary and secondary data this paper investigates the nature and impacts of Asian businesses in Zambia to interrogate whether their developmental impacts are inclusive or exclusionary. It then moves to assess the likely impact of the current global slowdown and how this will impact on Sino-Zambian economic relations.

URL: http://d.repec.org/n?u=RePEc:iis:dispap:iiisdp297&r=dev