Saturday, December 21, 2019

Multilateral Relations Between Africa And Africa - 1407 Words

Introduction Africa, once regarded as ‘good for nothing but exploitation’, however, the block has gradually gained modest relations, and aspiring to cultivate a multifaceted partnership with major global political players in all directions from Left-Right, East–West, North-South, and South-South. The two major partners forged their own cooperation are Peoples Republic of China and United States of America and the partnerships they created are known as Sino - Africa relations named ‘Forum on China-Africa Cooperation’ (FOCAC), and US – Africa which is dubbed ‘African Growth and Opportunity Act’ (AGOA) respectively. Some other multilateral relations with Africa are: Japan-Africa is known as the Tokyo International Conference on Africa’s†¦show more content†¦For example, China follows a dualist approach, meaning it aspires to secure good economic and political cooperation with African states as well as, try to emulate friendly relation with the African Union as a block. However, US maintained more tie with African states, with relatively less enthusiasm to strike meaningful cooperation with the Union (Nyang, 2005; Thrall, 2015). It is not to say that America is affected for following more traditionalist approach towards Africa but hopefully, African foreign policy makers and leaders make calculations how they are situated In US foreign policy not only today but also how they were treated historically taken into consideration. Apart from misinformation about Africa economic potential, the gap, especially between US and Africa in terms of political ideology and of stage of development continue to be the main reasons responsible for the kind policy priorities these partners pursue. However, despite scarce and inaccurate information concerning African economic performance at first, China has consistently involved in African investment venture, while US has been a distant player in real economic terms of engagement as they have not developed the kind of challenge- proof- skin to the African realities being limited to political sphere of influence. As a result of this, ChinaShow MoreRelatedThe Impact Of Chinas Foreign Policy In Africa974 Words   |  4 Pagesexpanded and intensified its bilateral relations throughout the world; it has joined regional bodies dealing with security and economic issues, and has extended its involvement in multilateral organizations. As a result, China’s foreign policy as a whole is by and large considered to be more dynamic, constructive, flexible and self-confident than was the case during the preceding decades (Medeiros Taylor Fravel 2003; Sutter 2004). The Sino-African relation has seen an explosive growth in over theRead MoreThe Long Term Potential Growth Rate Of South Africa Essay1006 Words   |  5 PagesThe long-term potential growth rate of South Africa under the current policy environment has been estimated at 3.5%.Per capita GDP growth has proved mediocre, though improving, growing by 1.6% a year from 1994 to 2009, and by 2.2% over the 2000–09 decade, compared to world growth of 3.1% over the same period. The high levels of unemployment, at over 25%, and inequality are considered by the government and most South Africans to be the most salient economic problems facing the country. These issuesRead MoreMore or less a third of the entire world’s stock market capitalization is represented by the five600 Words   |  3 Pageswhich is nearly twenty five percent of the global gross domestic product. South Africa must seize the opportunities provided as a result of being a member of BRICS. BRICS incorporates strong economic growth, favourable demographics, rich natural resources and strong finances. South Africa’s BRICS membership is said to help both South Africa and Africa address its socio economic issues, speed up development across Africa and open up new markets for the continent. Considering records of South Africa’sRead MoreRelations Between Bilateral And Multilateral Relations1257 Words   |  6 PagesREGIONLISM IN AFRICA COURSE CODE: IRL 3045 LECTURER: KATETE G. DATE: 11TH JUNE 2015 SUMMER SEMESTER INDIVIDUAL ASSIGNMENT: GIVING EXAMPLES GIVE AT LEAST THREE DIFFERENCES BETWEEN BILATERAL COOPERATION AND MULTILATERAL COOPERATIONS. INTRODUCTION Bilateral and multilateral relations are terms commonly referred to in International Relations. 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For instance, a study which was carried out by World Trade Organization (WTO) (2008), for the period 1950-2007 shows that export increased by 2.7 percent faster than gross domestic product (GDP). Obviously, regional economic integrations played a vital role in promoting world trade in terms of both quantity and quality of goods and services traded. In light of persistent political and economic problems in Africa, regional economicRead MoreNeocolonialism: the Relationship Between Superpowers and the Developing World1622 Words   |  7 Pagesrelationship between superpowers and the developing world is a neo colonial one. (15) The dominating capitalist ideology from superpowers has led to extreme inequalities between core and peripheral nations, which has resulted in an unstable relationship with the developing world. Neocolonialism is a geopolitical practice in which a superpower perpetuates its economic and political hegemony on underdeveloped nations. This indirect and ‘disguised’ Imperialism has continued in variable degrees between colonialRead MoreThe Effects of Globalization1678 Words   |  7 Pagesis commonly referred to as a global village (Egnatz, 2011). South Africa is integrated highly into the world economy. South Africa is the strongest African economy and has attained positions like being a member of G8 .All these are as a result of globalization. Globalization has had an impact on the economy, the government and social nature resulting to some effects. The paper will look at how globalization has affected South Africa under several categories. It will also give an explanation on theRead More Economic Networking—Exploring Alternatives for Promoting Sustainable Development in Africa2914 Words   |  12 PagesEconomic Networking—Exploring Alternatives for Promoting Sustainable Development in Africa INTRODUCTION The history of European aid intervention in the African, Caribbean and Pacific (ACP) states has traditionally acted to reinforce the hierarchical distinction between the â€Å"developed† and the â€Å"developing† world. The series of Lome Conventions which granted preferential trade agreements between these groups of countries have proved ineffective in encouraging economic sustainability in the ACPRead MoreBrics Case Study1020 Words   |  5 PagesEconomic BRICs – as part of an economic modelling exercise to forecast global economic trends over the next half-century.† BRICS – breaking it down is a combination of the first letters of its members: - Brazil; Russia, India, China and South Africa. At the beginning, in 2001 only four of categorized as developing countries started BRIC: Brazil, Russia; India and China, at that time were projected by the global financial institutions and organizations such as Goldman Sachs that by 2050; China

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