ipl-logo

Mercantilism In China

2295 Words10 Pages
bulb-icon

Recommended: China Economic Impact Of Globalization

Nations engage in international trade because they benefit from doing so and the gains from trade arise because trade allows countries to specialise their production in a way that allocates all resources to their most productive use. Trade plays an important role in achieving this allocation because it frees each and every country’s residents from having to consume goods in the same time combination in which the domestic economy can produce them.
China’s growing presence in Africa has increasingly become a topic for debate in the international system and among economists as well as policy analysts. China’s presence in Africa and its relations with African countries is primarily driven by economic interests and practical political considerations, …show more content…

The problems that the SSA face is that of China imports to Africa. The challenges that has been identified about mercantilism in Sub-Saharan Africa is that Chinese trade is undermining the local commerce and local manufacturing in these states by importing its cheap products.
As result of this cheap imports from China, many factories and markets has been closed down, and one of the factory that was closed was in Togo, the textile factory (Lyons and Brown, 2010:776). Most of market traders complains that Chinese copy their cloth design and produce more products cheaply and also sell them at a cheaper price. Since the Chinese sell their products at a lower cost most of consumers go for their products because they are able to afford them compared to the one of good …show more content…

AUTHORS WHO WROTE FROM AN AFRICAN PERSPECTIVE ABOUT MERCANTILISM IN AFRICA
According to Sun (2014:1) China’s activities in Africa are often characterised as evil when they are seen as representing China’s selfish pursuit for natural resources and damaging Africa’s effort to improve its governance and building a sustainable future. Africa is seen primarily as a source of natural resources and market opportunities to fuel China’s domestic growth and development. The Chinese trade with African, especially the Sub-Saharan Africa only account for a tiny percentage of China’s overall foreign economic, in that China’s investment and trade in Africa do not them since African remain poor.
Sun agrees with Lyons and Brown on the impacts of trade between China and Sub-Saharan Africa. Sun (2014:6) states that Chinese manufacturing industries enjoy the advantage of producing textile, electronics and other products at a low prices, which fits the market demand of the less developed African countries. Therefore, the products imported from China affect the income and profit of traders market in Africa. Sun (2014:6), contends that China seeks to upgrade its industrial economy and move up in the global supply chain, while Africa with its vast and untapped labour resources is identified as an ideal location for China’s labour intensive industries. By relocating low-skilled jobs and labour intensive industries to Africa, China seeks more capital-intensive, high-tech and jobs to improve its own

Show More
Related

Ap World Trade Dbq Essay

790 Words | 4 Pages

For any country that wants to survive in the toughest of times, they need to have good trading capabilities. Very few countries are able to sustain themselves without indulging in intensive trade with other countries. Trading has been considered a good thing in the past, but with the changing world, there are doubts about the benefits of trading. There are some factors that lead to the development of trade networks between countries. When people started to settle in larger towns, the idea that you had to produce absolutely everything for survival, began to fade.

Read More

Changes And Continuities In Sub Saharan Africa From 1500 To 1750

532 Words | 3 Pages

From 1500 to 1750, there were changes and continuities on the ways Sub-Saharan Africa participated in interregional trade. The major turning point of Sub-Saharan Africa’s participation is the start the slave trade in West Africa. This event impacted the New World, Europe and SE Asia because Europe profited from the exploitation of Africans to the New World, Southeast Asia experienced a decline in population because of the start of the slave trade between Southern Africa and Indonesia, and the New World became more profitable as plantations where slaves worked grew. The overall continuity of Sub-Saharan Africa’s participation in trade is the European dominance in the region because of the Age of Exploration led by the Portuguese and Spanish.

Read More

Tibet Dbq Essay

1522 Words | 7 Pages

China would rather be kept as a global trade partner because it size and economy, and major economies such as America pay no attention to Tibet. (Source J) Many nations have brought the Tibetan question up, however, the importance of China makes the conflict between Tibet and China a minor issue in today and the Tibetan question is ‘swept underneath the carpet’. China has the right to be in Tibet and thus it means that China is allowed to extract minerals from the ground, and China’s size and political position trumps the issue between China and Tibet and now the Tibetan question is no longer such a big issue in the

Read More

Essay On King Leopold's Ghost

719 Words | 3 Pages

Africa was a giant magnificent cake. Many countries scrambled to cut into it and claim their own pieces of it as if it was theirs for the taking. The last unconquered piece of land was up for grabs which evoked top nations into sending explorers to claim the land for them. Africa during the rule of King Leopold II had many unexplored areas included his newly acquired land the Congo. The King’s charm, altered treaties, and a money hungry drive have all lead to the underlying problem of exploitation of the natives.

Read More

The Merits And Menace Of Mercantilism

1256 Words | 6 Pages

Unit 1 Chapter 7 The Road to Revolution The Americans had troubles complying with the new British control after the Seven Years War; they wouldn’t pay necessary funds and also had a growing sense of national identity The Deep Roots of Revolution The Americans had a world that they could make their own, thus upraising nationalistic ideas Republicanism: citizens surrendered their selfish demands for the greater good Opposed aristocracy and monarchy ”Radical Whigs”: warned people to be aware of government corruption and to resist that corruption Americans had grown into a country accustomed to running it’s own affairs, so when the British came in 1763 to get a better hold over their colonies, Americans resisted

Read More

Western Imperialism In China

126 Words | 1 Pages

France gained control of Indochina by invading and taking over the regions. The United States became an imperial power by invading, annexing, buying, or building countries infrastructure. The United States annexed the Hawaiian Islands and Puerto Rico to gain their resources. They also built the Panama Canal and used it as a source of income for the US. Russia expanded into the Asia through Persia, the Caucasus regions, the nomads of Central Asia, and many areas of the Middle East.

Read More

How Did China's Economy Change Over Time

752 Words | 4 Pages

As China has become an increasingly important part of the global trading system over the past two decades, interest in the country and its international economic policies has increased among international economists who are not China specialists. Over time some countries change how they live and what they do on a day to day basis. China making up most of the Earth’s population has changed drastically over time. They have been through many policies and have changed their economy many times over the years. They have been the largest economy for the last two thousand years with their ups and downs along the way.

Read More

Africa In World Politics Chapter Summary

859 Words | 4 Pages

Africa In World Politics: Engaging a Changing Global Order by John Harbenson and Donald Rothchild gives an analysis of how Africa has changed from being a European ruled colonial nation to a nation that it creating a name for itself in the global sphere. Beginning with Africa’s politics during the colonial era through the present. The book provides not only details about Africa but also how the changing world has affected African politics. The main focus of this book is to show the growth Africa has had since its time of colonization. Africa has grown as the world has changed although it has had to deal with internal conflicts and demands for political change due to its authoritarian regimes.

Read More

Effects Of Overpopulation On African Americans

221 Words | 1 Pages

The Chinese investors have bought property in Africa to start gathering natural resources. Since the boom in population from importing workings in, the towns grew largely. Thus, creating jobs for the Chinese immigrants and the local people. Although saying this the African people have a problem with this substantial increase in population. The locals feel uncomfortable with this overpopulation of eastern culture, but also China now being Africa’s largest trading partner.

Read More

Poverty Rhetorical Analysis

1426 Words | 6 Pages

As Americans, we may already believe that some products are too high, especially technology, but if paying a small percentage more means improving the living standards of Africans we should accept this if such a change were to happen. Although, the American people didn’t directly make decisions that would have such a catastrophic effect on several African countries economy or elect corrupt officials into office, it has been the tolerance of leaders like Mobutu, arranging assassinations against leaders that want to be self-reliant like Thomas Sankara, and exploiting the labor and resources of the continent by our government that makes American citizens responsible. For centuries, the cost burden of products has been places on the backs of the African people, rather than Western consumers. It is time that the Western world start bearing some of that burden to help alleviate the poverty in African

Read More

The Influence Of The Silk Road In China

410 Words | 2 Pages

The Silk Road was a great channel for merchandise transported along the East and West. In addition, the medium of which forms, artistic styles, ideas and as well as fashion were transported along the Silk Road. Central Asia was the starting point in the departure of stylistic influences on the art of Central Asia. China had a major importance during the Silk Road; not only by trading silk, the most luxurious fabric of all, but China was also able to trade jade. During the Han Dynasty (210 BC – 200 CE), merchants from the west brought jade.

Read More

Imperialism In China

774 Words | 4 Pages

As the second largest world economic power, China has been a rather “competitive” opposition in the garnering of resources and investment of foreign industries, whether it resides within its own borders or on foreign soil – culturally, politically, and economically. In the age of modern globalization of the 21st century after being shaped of 19th century imperialism by the dominant world powers at the time, the migration and integration are one of many processes that make its mark on businesses, economics, resources and the environment at large. But should European countries and the United States be concerned about China’s interest in the African continent? Should we, the West, not try to seek an understanding of Chinese companies influencing

Read More

Globalization And Poverty Since 1980

1599 Words | 7 Pages

An example is China, where they partook and expanded international trade and as a result has had an immense transformation in their economy. Similar to Vietnam, when they were suffering from an economic crisis during the mid 1908s up until they opened up to international market, foreign trade, domestic savings and strengthening property rights, which eventually stabilized their economy. The author highlights the fact that these cases are a demonstration of how foreign trade and investment can transform the growth and knowledge achievement within developing countries. Not only that, but these globalizing states that have accepted other good economic and social policies have reached a whole new level of reforms. These contributions clearly show how they have accelerated in terms of economic

Read More

The Impact Of Globalization In China

1404 Words | 6 Pages

First and foremost, one must acknowledge the plainly visible fact that the Chinese economy has grown exponentially since the process of integration into the global economic system began. China 's comparative advantages, particularly in the labor sector, has transformed it into the second largest recipient of FDI in the world.1 Over the course of the last 20 years, exports have grown approximately 17.1 percent per year.2 This ultimate result of this investment and trade has been an overall growth rate 8 percent per annum,3 which would have been completely unattainable without the country 's engagement in globalization. Foreign investments have

Read More

Macro Environmental Analysis Of Nike

2130 Words | 9 Pages

However, in China, there are a lot of people whose income are low, they absolutely will not buy those products. It reduced the market share. Promotion strategy and

Read More

More about Mercantilism In China

Related Topics

Open Document