Question

In: Economics

China is increasingly replacing the West as the new face of globalization in Africa. state four...

China is increasingly replacing the West as the new face of globalization in Africa. state four (4) things of what China knows about Africa that the West Doesn’t?

Solutions

Expert Solution

China knows Africa, a continent full of natural resources and a large market for investment. China has emerged as a super power in Africa, with more developmental activities. Trying to attract African people towards its low quality goods and services and changing their lives by giving them access to many modern amenities which was impossible for them earlier.


China has signed many infrastructure contracts in Africa and also provides more loans to African nations than the World Bank. It knows it can take the advantage of heavy infrastructure of Africa by investing more and more on it. It's main intention is to acquire more profit not to be a helping hand for African people.


China knows African people are less educated and not so much aware of developmental activities. So it is easy for China to enter with more cheap products and services as a gift for African people and with more developmental activities to win these poor and hopeless peoples' heart.


China knows how to win Africa by giving more political support, infrastructure aid and goods in exchange for African goods and providing loans in large amount. It is not helping African people genuinely, rather leaving them alone to struggle with their problems.


Related Solutions

A farm owner is considering replacing his obsolete tractor with one of two new state-of-the-tractors. This...
A farm owner is considering replacing his obsolete tractor with one of two new state-of-the-tractors. This new machine would cost $125,000 and would have a ten-year useful life. Unfortunately, the new machine would have no salvage value but would result in annual cost savings of $23,000 per year. The current old tractor can be sold now for $10,000. The farm owner’s Cost of Capital is 10%. The farm owner uses the straight line method of depreciation (this depreciation information is...
A Vehicle Corporation is considering replacing a technologically obsolete machine with a new state-of-the-art robotic machine....
A Vehicle Corporation is considering replacing a technologically obsolete machine with a new state-of-the-art robotic machine. They have compiled the following data for the new machine: Cost of new machine needed                                                 $150,000 Annual net cash inflows                                                          $40,000 Salvage value of the machine in 10 years .$20,000 Useful life of the machine                                                        10 years Required rate of return                                                                   10% The company uses straight-line depreciation on all equipment. a. What is the payback period for this machine? Ignore the impact of income taxes. b. How...
In the New York State "Win 4" game, four digits are randomly drawn, with replacement. The...
In the New York State "Win 4" game, four digits are randomly drawn, with replacement. The player chooses four digits and may pick from several types of bets: a. "Straight": To win, the player's digits must match those drawn in the order they were drawn. b. There are four kinds of "box" bets. In each, the player wins by matching the digits drawn in any order. "24-Way Box": The player's digits are all different. "12-Way Box": The player names one...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT