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A Post State-Centric Analysis of China-Africa Relations The Drivers of Chinese Investment in Ethiopia Since 1995: Institution, Economics and Politics

A Post State-Centric Analysis of China-Africa Relations : The Drivers of Chinese Investment in... [The previous chapter outlined how the new EPRDF government instituted its reform agenda soon after taking over from the socialist Dergue in 1991. This chapter now offers an in-depth examination of the drivers of Chinese investment in Ethiopia, looking at new modalities of state intervention and effects of regime reinforcement in the local scene. One overriding key reform was the opening up of the economy to foreign capital. A significant outcome of this was the entry of Chinese capital into the Ethiopian economy beginning in 1995 and the dawn of serious Chinese–Ethiopian investment relations. This took place in the context of the internationalisation of Chinese capital which was then only beginning. According to Bryan, ‘a process of internationalisation is generally understood as a growth of trade between nations, or investment by one nation in another.’ In order to outline the nature, extent and patterns of Chinese investment in Ethiopia, the chapter examines the three key drivers of Chinese investment in Ethiopia. Broadly, these are institutional, economic and political. Because this expanding cooperation is the result of the internationalisation of Chinese capital, its manifestation through globalisation with Chinese characteristics and the centrality of Ethiopia to China’s overall expansion into Africa is also discussed. The chapter’s key argument is that there has developed mutual accommodation between Ethiopian neoliberalism and the EPRDF regime on the one hand, and the Chinese mode of international engagement, driven by its own distinctive ‘statist capitalist’ transformation, on the other.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Post State-Centric Analysis of China-Africa Relations The Drivers of Chinese Investment in Ethiopia Since 1995: Institution, Economics and Politics

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2018
ISBN
978-3-319-66452-1
Pages
103 –136
DOI
10.1007/978-3-319-66453-8_5
Publisher site
See Chapter on Publisher Site

Abstract

[The previous chapter outlined how the new EPRDF government instituted its reform agenda soon after taking over from the socialist Dergue in 1991. This chapter now offers an in-depth examination of the drivers of Chinese investment in Ethiopia, looking at new modalities of state intervention and effects of regime reinforcement in the local scene. One overriding key reform was the opening up of the economy to foreign capital. A significant outcome of this was the entry of Chinese capital into the Ethiopian economy beginning in 1995 and the dawn of serious Chinese–Ethiopian investment relations. This took place in the context of the internationalisation of Chinese capital which was then only beginning. According to Bryan, ‘a process of internationalisation is generally understood as a growth of trade between nations, or investment by one nation in another.’ In order to outline the nature, extent and patterns of Chinese investment in Ethiopia, the chapter examines the three key drivers of Chinese investment in Ethiopia. Broadly, these are institutional, economic and political. Because this expanding cooperation is the result of the internationalisation of Chinese capital, its manifestation through globalisation with Chinese characteristics and the centrality of Ethiopia to China’s overall expansion into Africa is also discussed. The chapter’s key argument is that there has developed mutual accommodation between Ethiopian neoliberalism and the EPRDF regime on the one hand, and the Chinese mode of international engagement, driven by its own distinctive ‘statist capitalist’ transformation, on the other.]

Published: Nov 4, 2017

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