Will the world bank's vision materialize? Relocating China's factories to sub-Saharan Africa, flying-geese style

Global Economy Journal

Volumn 11, Issue 3, 2011, Pages

  Ozawa, Terutomo ^a   Bellak, Christian ^b  

^a Department of Ecosystem Science and Sustainability   (United States)

^b VIENNA UNIVERSITY OF ECONOMICS AND BUSINESS   (Austria)

Author keywords

"flying geese" growth model; China's investment in Africa; foreign direct investment

Indexed keywords

EID: 80053641864     PISSN: 15245861     EISSN: 15535304     Source Type: Journal    
DOI: 10.2202/1524-5861.1764     Document Type: Article

References (23)

1. Akamatsu, Kaname (1935), "Wagakuni Yomo Kogyohin no Boeki Suisei [The Trend of Japan's Foreign Trade in Woolen Manufactures]", Shogyo Keizai Ronso [Journal of Nagoya Higher Commercial School], Vol. unknown, 129 ff.
2. Alden, Chris, Daniel Large, and Richard Soares de Oliveira (eds.) (2008), China Returns to Africa: A Rising Power and a Continent Embrace, New York: Columbia University Press.
3. Asian Development Bank (ADB) (2004), Key Indicators of Developing Asian and Pacific Countries, Manila: ADB.
4. Brautigam, Deborah (2009), The Dragon's Gift: The Real Story of China in Africa, Oxford: Oxford University Press.
5. Brautigam, Deborah, Thomas Farole, and Tang Xiaoyang (2010), "China's Investment in African Special Economic Zones: Prospects, Challenges, and Opportunities", Economic Premise, No. 5 (March), Poverty reduction and economic management (PREM) network, World Bank, http://www.worldbank.org/economicpremise.
6. Broadman, Harry G. (2007), Africa's Silk Road: China and India's New Economic Frontier, Washington, D. C.: The World Bank.
7. Dent, Christopher M. (2010), China and Africa Development Relations, London, U. K.: Routledge.
8. Dooley, M., D. Folkerts-Landau, and P. Garber (2003), "An Essay on the Revised Bretton Woods System", NBER Working Paper 9971 (September).
9. Ebara, Noriyoshi and Hakohaki Dai (2009), Chugoku Keizai Sanzensen: Tainai-Taigai Tohshi no Jittai [The Frontlines of the Chinese Economy: Inward-Outward Investments], Tokyo: JETRO.
10. Garnaut, Ross (2010), "The turning period in Chinese development", East Asian Forum, Australian National University, August 1, www.eastasiaforum.org.
11. Goldstein, Andrea (2004), Regional Integration, FDI and Competitiveness in Southern Africa, Paris: OECD Development Center.
12. Gu, Jing (2009), "China's Private Enterprises in Africa and the Implications for African Development", European Journal of Development Research, 21(4), pp. 570-587.
13. Kojima, Kiyoshi (1975), "International Trade and Foreign Investment: Substitutes or Complements", Hitotsubashi Journal of Economics, 16, pp. 1-12.
14. Kojima, Kiyoshi and Terutomo Ozawa (1985), "Toward a Theory of Industrial Restructuring and Dynamic Comparative Advantage", Hitotsubashi Journal of Economics, 26(2), pp. 135-45.
15. Lewis, Arthur W. (1954), "Economic Development with Unlimited Supplies of Labor", Manchester School of Economics and Social Studies, 12, May, pp. 139-191.
16. McKinnon, Ronald I. (2005), Exchange Rates under the East Asian Dollar Standard: Living with Conflicted Virtue, Cambridge, MA.: MIT Press.
17. North, Douglass C. (1990), Institutions, Institutional Change and Economic Performance, Cambridge, U. K.: Cambridge University Press.
18. Ozawa, Terutomo (2011), "The (Japan-born) 'Flying-Geese' Theory of Economic Development Revisited-and Reformulated from a Structuralist Perspective", Global Policy (forthcoming).
19. Ozawa, Terutomo (2009), The Rise of Asia: The "Flying-Geese" Theory of Tandem Growth and Regional Agglomeration, Cheltenham, Glos., UK: Elgar.
20. Ozawa, Terutomo (2005), Institutions, Industrial Upgrading and Economic Performance in Japan: The "Flying-Geese" Paradigm of Catch-up Growth, Cheltenham, Glos., UK: Elgar.
21. Radelet, Steven and Jeffrey Sachs (1997), "Asia's Reemergence", Foreign Affairs, 76(6), pp. 44-59.
22. Stolper, Wolfgang F., and Paul A. Samuelson (1941), "Protection and Real Wages", Review of Economic Studies, 9(November), pp. 58-73.
23. Yao, Yang (2011), "China's export-led growth model", East Asia Forum, Weekly Digest, Feb. 27, http://www.eastasiaforum.org/2011/02/27/chinas- exportled-growth-model/.