News forum 9 china in africa: the unethical side of the foreign | IBUS 0592 | San Francisco State University
1. Do you think that China’s Foreign Direct Investment (FDI) is helping African countries?
Yes, I believe that China’s FDI has been beneficial for certain African nations as it has allowed them to access capital to boost their infrastructure and economic growth in the form of loans and investment projects. These investments have provided opportunities for employment, created new business ventures, strengthened relationships between countries and opened up markets. However, these investments may also contain debt traps which could potentially cause long-term damage if not managed properly.
2). Do you think that China had mal intentions with their terms for FDI in African countries with regard to the non-recognition of the Republic of China (Taiwan)?
It is difficult to determine whether or not there are malicious intentions behind Chinese investment policies in Africa. It is possible however, that by refusing to recognize Taiwan as an independent nation when making deals with African countries, China can gain more control over potential resources and contracts which would otherwise be out of their reach if Taiwan had access or was recognized as its own country. This could be seen as a way of getting around existing regulations put forward by international organizations such as the United Nations or World Bank who often provide aid packages tied to recognition criteria for certain nations/countries.
3). Do you think China’s FDI (loans) is a debt trap for African countries as it was for the Sri Lankan port of Hambantota, China’s control of Ecuador\’s oil, etc?
It depends on how well they are managed productively over time. In some cases such loans can become ‘debt traps’ if the loan recipient cannot pay back the loan within a short period time due either mismanagement or insufficient resources available after completion project . This may result in borrowers having relinquish assets like ports (Hambantota), land ownership , oil wells etc return favour defaulting terms agreement set forth both parties further deepening imbalance power dynamics potentially creating colonial style exploitation other side seeking financial assistance . Thus while loans made available through partnerships certainly present enticing offers developing economies need succeed not automatic guarantee success outcome thus important remain mindful all implications involved before entering into any commitment .
4). Understanding the racism and issues thatChina has towards Africa doyou think ChinasFDIis disingenuous/not authentic? Doyouthinkthatthisis ethicallyormorallywrongbecausethatis potentiallyonlyto stealthewealthand/oresourcesofAfrica ?
I do believe Chinese foreign direct investment presents significant risks regarding exploitation of local communities due lack transparency surrounding decision making processes between two parties along with potential mistreatment workers employed positions funded via such initiatives surveillance employees discriminatory hiring practices wage theft overall mistreatment minorities ethnicity religion race colour amongst other things reported taking place worksites financed this manner Moreover evidence suggests issue far deeper than surface goes risk becoming entrenched entrenched aspects society make difficulty disentangle should anti human rights behaviour come light Though this demoralizing scary thought hope wealth brought these ventures proceeds benefit citizens rather satisfy narrow interests individual groups figures authority no matter one nation intends another