January 2020
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... Along this trajectory, China has emerged as the foremost challenger to the US-led Liberal International Order (LIO), actively fostering global connectivity, shaping the global political economy, and disseminating its preferred norms (Owen 2021). This presence is particularly notable in the Global South, including SSA, where China's influence is steadily growing, providing various benefits (Abegunrin and Manyeruke 2020;Large 2021). ...
January 2020
... The Belt and Road Initiative was presented by China's President Xi Jinping with the goal of strengthening economic cooperation, cultural interchange, and educational partnership (Li, 2020;Summers, 2021). This ambitious effort aims to resurrect the old Silk Road pathways by encouraging regional integration and infrastructural development across Asia, Europe, and Africa (Abegunrin et al., 2020;Pandey, 2023). Guangxi, in southern China, has emerged as a critical actor in boosting commerce, cultural interaction, and educational cooperation as a major hub within the Belt and Road network (Ge & Ho, 2022). ...
January 2020
... Another argument proposed is that previous studies tend to look at locational advantage and governance institutions as economic factors (Jain et al., 2016;Nielsen et al., 2017), though with occasional exceptions (Abegunrin & Manyeruke, 2020). This can be looked at as a serious mistake as these two dimensions impact location choice, though in different ways, that is, reinforcing (Kang, 2018) or else trading-off (Tomizawa, Zhao, Bassellier, & Ahlstrom, 2020). ...
January 2020
... Employment gains are also quite underwhelming as job creation has not, by and large, materialized to the extent imagined given wage rates in Djibouti are significantly (4x) higher than in Ethiopia (Wan et al., 2020). Rising inequality has also accompanied GDP growth as port-associated elites siphon off the benefits from military bases and other logistics investments (Abegunrin & Manyeruke, 2020;Vertin, 2020). External dependency is also a major concern given 80% of the country's development capital comes from FDI, principally from China (Wan et al., 2020). ...
January 2020