To browse Academia. Journal of Economics and Behavioral Studies , The European Journal of Development Research, Log in with Facebook Log in with Google. Remember me on this computer. Enter the email address you signed up with and we'll email you a reset link. Need an account? Click here to sign up. China in Africa Dapo Ladimeji. We will then look at Chinese investments and put Africa in the global context.
At this point, a closer look at Afton Titus's paper will reveal the shoddiness and bias of much of Western academic work on China and Africa. Finally, we will look at the past role of Japan's investment and the role of Data and AI in the present world. History Much academic discussion implies that China and Africa have only recently been introduced. During the Song dynasty the Chinese were living and trading with Africans in Zanzibar.
During the Yuan dynasty Sudan was the most important African trading centre. We can begin by looking at Chinese investment in ports in Europe alone. Cariello, Given the total of Chinese investments generally, it is hard to see anything out of proportion in Chinese investments in Africa. If it is trying to colonise Africa it must be trying much harder to colonise Europe and Brazil, and they willingly accept it.
Afton Titus Afton Titus is typical of a certain Western academic point of view. The literature on this point is divided. She argues that China is eroding the African tax base by means of receiving tax free interest. She even goes so far as to state: 5 Titus, , p. Notwithstanding the provisions of paragraph 2, interest arising in a Contracting State shall be exempt from tax in that State if it is guaranteed by or paid by or to: a the Government of a Contracting State, or a political subdivision, local authority or administrative-territorial unit thereof; or b the Bank of England or the National Bank of Ethiopia.
Given that there is always an interest rate arbitrage this discussion is misconceived. Financiers focus on their net returns. This means that any withholding tax on interest payments would be adjusted for by increases in the interest rate.
