Recommended
More Related Content
Recently uploaded
Recently uploaded (20)
Featured
Featured (20)
China in africa
- 1. are lessons learned on ss in Africa. This study 70 Lessons Learned: the Chinese approach to doing business in Africa 20 60 ments and the cultural Lessons Learned: the Chinese approach to doing business in Africa 0 50 PDI IDV MAS UAI LTO 40 PDI-Power Distance- unequal power distribution 30 odel of Development in IDV-Individualism- members’ interdependence 20 Presented by Abbey Wemimo MAS-Masculine/Feminine-gender dependence/what motives 10 nt in Africa. Presented by Abbey Wemimo people 0 UAI-Uncertainty Avoidance-avoid unknown situations 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 LTO –Long -Term Orientation-future orientated Spring 2012 Undergraduate Research Opportunity Program (UROP) •70% of exports made up of crude oil Spring 2012 Undergraduate Research Opportunity Program (UROP) Crude Oil Iron ore Wood Diamonds Faculty Mentors: Professor Rachel Lundbohm && Dr. constituted crude oil, iron •80% of all exports Hofstede operational definitions Dr. Eyad Youssef Faculty Mentors: Professor Rachel Lundbohm and diamonds (highly concentrated) ore, wood, Contact Information Eyad Youssef Abbey Contact Information Wemimo Samson Methods Summary of Findings Business Management, Samson Abbey Wemimo B.S. Secondary Research through: abbey010@umn.edu Business Management, B.S. abbey010@umn.edu •ScholarlyZheng 15Dynasty and journals from academicTanzania articlesAfrica The Chinese Model of Development; Threats and Benefits Nigeria’s GDP 2006 Special (1960-2010) databases (Ebsco,visits Africa Zheng He Proquest, African Journals Online, & Tanzania 1969 1800 kilometer 1996 China Ministerial 2005 China African Effects of the FOCAC Polices inin Africa Africa 15th Century 1976-1989 1955 Non-Aligned 1969 1800 kilometer Tan-Zam Railway connects 1996 China Ministerial 2005 China African 2006 Special Effects of the FOCAC Polices th Century 1976-1989 Ming Deng Xiaoping’s “Open Door Visit to 6 African Nations Economic Zones Policies Impacts Development Fund etc.), award winning books including “The Dragon Ming Dynasty 1955 Non-Aligned Movement Tan-Zam& Zamiba Railway connects Deng Xiaoping’s “Open Door He visits Policy” Visit to 6 African Nations Development Fund Economic Zones Movement Zamiba $400 m interest-free loan 1 FDI - Foreign Direct Investment Gift” (the most quoted China and Africa book). Policy” $400 m interest-free loan Affordable concessional loans to foster $250.00 FOCAC Almost an absolute Benefits 2 16 Before the FOCAC economic growth •Annual reports published by the World Bank that Before the FOCAC correlation an absolute Almost after 1999 – Study Time Line 1993 –– 2010 Study Time Line 1993 2010 $200.00 16 Coincided with after 1999 – correlation China’s Business 3 Infrastructural development 14 coincide with the study Zhou Enlai covered (1993-2010). period Coincided with China’s New Africa Policy (FOCAC) $150.00 14 Partnerships 1 Outbid local companies on projects New Africa Policy (FOCAC) 12 Cheap Chinese products displace existing •The Center for Chinese Studies Stellenbosch 1964 Zhou Enlai 1971 UN Seat to China $100.00 12 Threats 2 10 1964Africa tours 1971 UN Seat to China replaces Taiwan local producers FUTURE RESEARCH South Africa was used to examine recent China 1994 China 2000, 2003, 2006, 2009,… $50.00 10 tours Africa replaces Taiwan 1994 China EXIM Bank 3 1994 China EXIM Bank Secret dealsBank 1994 discourage competition meetings2006, 2009,… Development China 2000, 2003, every 3 years FUTURE RESEARCH Years 8 Africa relations. Ministerial THE PERECEPTION OF CHINESE INVESTMENTS IN NIGERIA Billions Development Bank Ministerial meetings every 3 years $- THE PERECEPTION OF CHINESE INVESTMENTS IN NIGERIA % 8 Special Economic Corporation Zones inin Africa GDP had grown from $35 billion dollars Nigeria’s 1 Exchanged for technical assistance 6% 1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 6 •Nigeria’s GDP from 1960 – 2010 was obtained from in 1999 to $194 billion dollars in 2010 4 Benefits 2 Lowering the cost infrastructure ABSTRACT Africa Cultural Comparisons 4 theChina’s political and Bank. African Development economic approaches in in Africa have been under serious acquisition by the Chinese China’s political and economic approaches Africa have been under serious ABSTRACT Natural 3 Special Economic Corporation Zones Chinese demand for natural resources Cultural Comparisons 2 2 help foster economic growth in Africa scrutiny. Its influence on the global and political stage is is stronger than ever. Today, trade which discourages stronger than ever. Today, Resources 0 scrutiny. Its influence on the global and political stage 0 1 Land 140 2010f 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 140 Select References 2010f 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 -2 2 Low social and environmental standards China is is Africa’s largest trade partner. Several studies have revealed prosperous China Africa’s largest trade partner. Several studies have revealed prosperous 120 -2 Threats Future Direction 120 Africa real GDP growth China real GDP growth •Brautigam .D. (2008) “China’s foreign aid in Africa: What do we •The Chinese Model of Development has proven to Barter Africa real GDP growth China real GDP growth 3 100 know?” China into Africa: Trade, Aid, and Influence, Editor: be Chinese investment inand beneficial to both benevolence, and niche market2 for Chinese investment Africa, unprecedented benevolence, and a a niche market (i.e. CADF) 100 competition highly productive in Africa, unprecedented for Robert I. Rotberg, 2008, pp209 1 Collective consultation and dialogue 80 80 China China-Africa Trade Profile China-Africa Trade Profile regions. China investment and trade. Absent from the literature, however, are lessons learned on •Edinger, H., & Pistorius, C. (2011). Aspects of Chinese investment United States 60 Nigeria Economic policies to foster growth investment and trade. Absent from the literature, however, are lessons learned“Win-Win” mutually beneficial trade 3 on 60 Nigeria in the African resources40 sector United States 80 should be the paramount Chinese 40 Benefits 80 •Education culture, history, and its approach to doing business in Africa. This study Chinese culture, history, and its approach to doing business in Africa. This study •Hofstede, G. (2001). Culture’s Consequences. Thousand Oaks, 70 Chinese 70 investment in Africa. CA: Sage Publications0 0 20 20 60 60 FOCAC fills this void byby not only examining previous engagements and Threatscultural not only examining previous engagements and the cultural 50 •World Bank (2011): World Development Indicators (Edition: fills put in void should be of long-term focus. this place the 2 Dictate contract terms 50 40 April 2011). ESDS International, University of Manchester PDI IDV MAS UAI LTO Lack of transparency discourages PDI IDV MAS UAI LTO 40 PDI-Power Distance- unequal power distribution 1 Grateful appreciation to too many 30 PDI-Power Distance- unequal power distribution components, but also factors that influenced the Chinese Model of of Development in Development in 30 competition from other countries to acknowledge here: advise, IDV-Individualism- members’ interdependence components, but also factors that influenced the Chinese Model 20 IDV-Individualism- members’ interdependence • FUTURE RESEARCH: The Perceptions of Chinese proofing, and invaluable direction 20 •Policies MAS-Masculine/Feminine-gender dependence/what motives on this project means more that I 10 MAS-Masculine/Feminine-gender dependence/what motives can adequately express - Abbey 10 investments in 1993 toto 2010, time of of heavy Chinese investment in Africa. Africa from Nigeria .2010, a a time heavy Chinese investment in Africa. people Special thanks for poster design 0 Africa from 1993 people 3 Comparative advantage in trade assistance by Donna M. Malarkey 0 UAI-Uncertainty Avoidance-avoid unknown situations 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 UAI-Uncertainty Avoidance-avoid unknown situations 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 LTO –Long -Term Orientation-future orientated LTO –Long -Term Orientation-future orientated •70% of of exports made up of crude oil •70% exports made up of crude oil Crude Oil Iron ore Wood Diamonds Crude Oil Iron ore Wood Diamonds •80% of of all exports constituted crude oil, iron •80% all exports constituted crude oil, iron Hofstede operational definitions Hofstede operational definitions Purpose of Study Purpose of Study Methods Methods Summary of Findings Summary of Findings ore, wood, and diamonds (highly concentrated) ore, wood, and diamonds (highly concentrated) The goal of of this study is to examine the market- Secondary Research through: Secondary Research through: The goal this study is to examine the market- •Scholarly articles and journals from academic •Scholarly articles and journals from academic based policies of ofChinese-African relations The Chinese Model of of Development; Threats and Benefits The Chinese Model Development; Threats and Benefits based policies Chinese-African relations Nigeria’s GDP (1960-2010) databases (Ebsco, Proquest, African Journals Online, Nigeria’s GDP (1960-2010) databases (Ebsco, Proquest, African Journals Online, Policies Impacts from 1993-2010. etc.), award winning books including “The Dragon Policies Impacts from 1993-2010. etc.), award winning books including “The Dragon 1 1FDI - Foreign Direct Investment FDI - Foreign Direct Investment Gift” (the most quoted China and Africa book). Gift” (the most quoted China and Africa book). Affordable concessional loans to foster $250.00 FOCAC FOCAC Benefits 2 Affordable concessional loans to foster $250.00 Benefits 2economic growth •Annual reports published byby the World Bank that •Annual reports published the World Bank that economic growth $200.00 $200.00 Business Business 3 3Infrastructural development Infrastructural development coincide with the study period covered (1993-2010). coincide with the study period covered (1993-2010). $150.00 Partnerships Partnerships 1 1Outbid local companies on on projects Outbid local companies projects $150.00 Objective Objective Cheap Chinese products displace existing •The Center for Chinese Studies Stellenbosch Cheap Chinese products displace existing •The Center for Chinese Studies Stellenbosch $100.00 $100.00 Threats 2 Threats 2local producers Conceptual Framework Conceptual Framework local producers South Africa was used toto examine recent China South Africa was used examine recent China $50.00 $50.00 3 3Secret deals discourage competition Secret deals discourage competition Years Years Africa relations. Previous Africa relations. Billions Previous Billions $- $- Nigeria’s GDP had grown from $35 billion dollars 1 1Exchanged for technical assistance Engagements Engagements Chinese Model Chinese Model Policies Policies Nigeria’s GDP had grown from $35 billion dollars 1960 1962 1964 1966 1968 1970 1972 1974 1976 1978