Africa's Shadow Rise

China and the Mirage of African Economic Development

Pádraig Carmody, Peter Kragelund, Ricardo Reboredo

• Publisher: Zed Books
• Year: 2020
• ISBN:
  9781786994813
• Edition: 1
• Topic: Scienze sociali
• Subtopic: Studi sullo sviluppo globale

For years economists have spoken of 'Africa rising', and despite the global financial crisis, Africa continues to host some of the fastest growing economies in the world. Africa's Shadow Rise however argues that the continent's apparent economic 'rise' is essentially a mirage, driven by developments elsewhere - most particularly the expansion in China's economy. While many African countries have experienced high rates of growth, much of this growth may prove to be unsustainable, and has contributed to environmental destruction and worsening inequality across the continent. Similarly, new economic relationships have produced new forms of dependency, as African nations increasingly find themselves tied to the fortunes of China and other emerging powers. Drawing on in-depth fieldwork in southern Africa, Africa's Shadow Rise reveals how the shifting balance of global power is transforming Africa's economy and politics, and what this means for the future of development efforts in the region. Shortlisted for the Business Council for Africa's African Business Book of the Year 2023!