Angola’s Strategic Co-operation with the BRIC Countries
The new millennium has marked a new era for Angola.
The new millennium has marked a new era for Angola.
The interconnectedness between domestic security and international relations has defined Angola’s post-colonial history.
The convening of the first BRIC summit in 2009, building improbably upon the musings of a Goldman Sacks investment banker, brought together the leadership of Russia, China, India and Brazil to discuss global concerns.
The global economic crisis has sparked the short-term divergence of economic performance between the West and emerging markets, thereby accelerating their convergence in the long-run, and is particularly evident in globalising Asia.
In April 2011, South Africa will take up its place among the world’s four major emerging powers when the BRICS grouping meets in Hainan, China.
While the promotion of Chinese economic and trade co-operation zones (ETCZs) has been hailed as an instrument for attracting Chinese investment into all sectors across Africa, the bulk of ETCZs to date have been targeted at the continent’s resource-rich countries and the largest markets.
Since the implementation of its ‘going-out’ strategy, China’s outward foreign direct investment (FDI) has experienced a rapid development, which has already become an important part of its overseas interests.
South Africa has edged closer to finally becoming a member of the ‘elite’ grouping of the BRICs (Brazil, Russia, India and China), following recent expression of support by China and Russia for Pretoria’s bid.
This paper looks at the threats and opportunities of China’s involvement in Africa and Zambia, specifically relating to aid, trade and debt sustainability aspects, and offers policy recommendations that may enable ‘China in Africa’ to be beneficial for sustainable and pro-poor development in Zambia.
On Monday evening, 1 November 2010, SAIIA was privileged to host Minister Maite Nkoana-Mashabane, South Africa’s Minister of International Relations and Cooperation, as a special guest who addressed a packed audience at SAIIA at Jan Smuts House in Johannesburg.