Description: China’s Investment in African Special Economic Zones : Prospects, Challenges, and Opportunities

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China’s Investment in African Special Economic Zones : Prospects, Challenges, and Opportunities

China's recent moves to establish special economic zones (SEZs) in several African countries can make a significant contribution to industrialization in Africa. But the success of these projects is by no means guaranteed. Meeting the objective...

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Bibliographic Details
Main Authors:	Brautigam, Deborah, Farole, Thomas, Xiaoyang, Tang
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ASSET MANAGEMENT BANK LOANS BARRIERS TO INVESTMENT BIDS BUSINESS ENVIRONMENT COLLABORATION COMPETITIVE TENDER COMPETITIVENESS DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT PATH DIRECT INVESTMENT DOMESTIC ECONOMY DOMESTIC INVESTORS DOMESTIC MARKETS ECONOMIC COOPERATION ECONOMIC OBJECTIVES ECONOMIC REFORMS ECONOMIES OF SCALE EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENVIRONMENTAL SUSTAINABILITY EQUIPMENT EXPORTERS EXPORTS FINANCIAL CONSTRAINTS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FREE TRADE GLOBAL MARKETS HOST GOVERNMENTS INDUSTRIAL DEVELOPMENT INDUSTRIALIZATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE PROJECTS INTERNATIONAL TRADE INVESTOR INTEREST JOB CREATION JOINT VENTURES KNOWLEDGE SHARING LABOR REGULATIONS LABOR STANDARDS LACK OF TRANSPARENCY LEARNING LOCAL ECONOMIES LOCAL GOVERNMENTS LOCAL MARKETS LONG-TERM LOANS MANUFACTURING INDUSTRIES MEDICINE NATURAL RESOURCES PROFIT MOTIVE PROGRAMS SHARE OF INVESTMENT SHAREHOLDER TECHNOLOGY TRANSFER TELECOMMUNICATIONS TRADING UNSKILLED JOBS WAGES WORKING CONDITIONS
Online Access:	http://documents.worldbank.org/curated/en/2010/03/11999239/chinas-investment-african-special-economic-zones-prospects-challenges-opportunities http://hdl.handle.net/10986/10202

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Summary:	China's recent moves to establish special economic zones (SEZs) in several African countries can make a significant contribution to industrialization in Africa. But the success of these projects is by no means guaranteed. Meeting the objectives of both China and African countries will require an active partnership and a framework for collaboration that includes engagement from host governments, processes for phasing-in local control, communication and enforcement of standards, and support for integration with local economies.