Africa needs more robust political analysis of countries’ internal dynamics and their relations with world powers. This approach is more empirically sound than resorting to ‘Françafrique’ which adopts a moralising and infantilising approach to African actors. And the notion is misleading for four reasons.
The selection of the UAE, Uruguay and Bangladesh as the first three non-founding partners of the NDB indicates the intentions of BRICS – regional expansion with a focus on economic and transportation cooperation. This cooperation, as well as integration, is especially crucial as the world struggles to deal with the COVID-19 pandemic and the economic fallout.
Professor Crescenzi and Nicola Limodio, Assistant Professor of Finance at Bocconi University, Milan, conducted the research, using Ethiopia as a case study, by leveraging an innovative combination of data on firms, investments and local economic activity. They focussed on analysing medium and large manufacturing firms and Chinese FDI location choices.
The only countries in Southeast Asia that have started opening their borders to non-essential international travel are Singapore and Thailand. Singapore has opened up to a few countries with low infection and high vaccination rates, some of which have reciprocated.
'Humanitarian imperialism', information warfare, and the weaponization of economic and financial instruments are the means to this end.
Before Merkel’s leadership, history recognized a number of famous empowered women, such as Queen Elizabeth, the monarch for the UK and 15 other Commonwealth realms; and the “Iron Lady” Margaret Thatcher, who was UK prime minister from 1979 to 1990 and leader of the country’s Conservative Party from 1975 to 1990.
As an island nation state totally surrounded by the ocean, Seychelles considers water bodies worthy of special status and recognises them to be among Africa’s most prized natural assets.
Some argue that the best way to fight neocolonialism is to invest in order to jostle for economic influence. Nevertheless, Russia has sought to convince Africans over the past years of the likely dangers of neocolonial tendencies perpetrated by the former colonial countries and the scramble for resources on the continent.
The short-lived rise of liberal idealism in Russia at the end of the Cold War quickly crashed into the realities of that very world, in which there is no place for the weak, and the resulting vacuum of power and domination is quickly occupied by stronger players. It is hardly surprising that realism then emerged as the platform for the revival of Russia as a great power.
A recent report by Economist Corporate Network, supported by Baker McKenzie and Silk Road Associates, BRI Beyond 2020 (Economist report), showed how these strengthening trade links are, in part, a result of favourable financial incentives offered to African jurisdictions by China. According to the Economist report, 33 of the poorest jurisdictions in Africa export 97 per cent of their exports to China with no tariffs and no customs duties.
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