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date: 20 October 2019

Abstract and Keywords

This chapter examines China and Africa cooperation from the angle of structural transformation as a major driver of growth and job creation. Being a bit ahead in the structural transformation process, China can provide ideas, tacit knowledge, opportunities and development finances in Africa’s transformation. We review critical parts of China’s transformation to see if these ideas are relevant for Africa. China-financed infrastructure projects do address Africa’s infrastructure bottlenecks and hence contribute to structural transformation. In addition, China’s industrial upgrading and outward investments provide opportunities for light manufacturing development in low-income developing countries. Building cluster-based industrial zones has the potential to seize the opportunities for job creation in the labor-intensive light-manufacturing sectors. Further, expanding the definition of international aid could induce more development financing from various sources.

Keywords: development cooperation, development finance, infrastructure, manufacturing, industrial upgrading, Special Economic Zones, outward foreign direct investment

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