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China's foreign aid to Africa : Opportunities, risks and policy implications for Korea

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Frame of Image NS produces a variety of reports and research papers including a biannual Eng l is h journa l IFA N S Review and weekly as well as annual analytical papers dealing with core foreign policy issues.”
China’s Foreign Aid to Africa :
Opportunities, Risks, and Policy Implications for Korea
Jo Kang Seonjou
Director General ­
Ⅰ. Background
For the past few years, the world has experienced a steep rise in oil prices. Such a hike in oil prices was due to an imbalance in demand and supply of energy as well as instability in the Middle East. The imbalance in energy markets was partly caused by unprecedented economic growth in China, which needed energy for economic activities more than ever before. Besides, China drew attention from the world as it gave out a large amount of foreign aid to resource-rich African countries as a means to secure energy. Such an action by China generated a sense of insecurity in Korea, which did not rank Africa high in her diplomatic relations up to that point, and thus there is an urgent need for Korea to increase foreign aid to African countries and strengthen relations with them. President Roh Moo-hyun
2 Policy Brief 2007-4, September 2007
made state visits to three African countries (Egypt, Nigeria and Algeria) in early 2006, and the first “Korea-Africa Forum” was held in Seoul later that year. Hence, this paper intends to examine Chinese foreign aid for African countries and its political and economic effects from the perspectives of opportunities and r


Full Text
Title China's foreign aid to Africa
Similar Titles
Sub Title

Opportunities, risks and policy implications for Korea

Material Type Reports
Author(English)

Kang Seonjou

Publisher

IFANS

Date 2007-09
Pages 22
Subject Country Africa(Africa)
China(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Official Aid < Development Assistance
Official Aid < Development Administration