The China’s Integration in the African Market and Its Impact on the Western World
The theoretical and methodological basis of the research is the works of domestic and foreign scientists. The results were obtained due to the application of the following system of methods: the method of logical analysis made it possible to develop the logic of the research; the method of generaliz...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Research Centre of Industrial Problems of Development of NAS of Ukraine
2023-08-01
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| Series: | Bìznes Inform |
| Subjects: | |
| Online Access: | https://www.business-inform.net/export_pdf/business-inform-2023-8_0-pages-30_36.pdf |
| _version_ | 1797374877747904512 |
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| author | Savchenko Maryna V. Рorohnia Viktoria A. Atamannenko Рetro О. |
| author_facet | Savchenko Maryna V. Рorohnia Viktoria A. Atamannenko Рetro О. |
| author_sort | Savchenko Maryna V. |
| collection | DOAJ |
| description | The theoretical and methodological basis of the research is the works of domestic and foreign scientists. The results were obtained due to the application of the following system of methods: the method of logical analysis made it possible to develop the logic of the research; the method of generalization and synthesis – to form the conclusions of scientific research; methods of structural and economic-statistical analysis were used to determine the trends of direct foreign investments of the two superpowers; methods of expert assessments – to generalize the results of the survey on the attitude of citizens of African countries to foreign partners. The graphic method made it possible to visualize the obtained research results. The article is devoted to a detailed study of the mechanisms of China's integration into the African market and its impact on the Western world. The changes that took place in the international arena at the beginning of the 21st century, in particular, were embodied in the formation of the People's Republic of China (PRC) as a contender for global leadership and the acquisition of features of a central power State. Considering these circumstances, the People's Republic of China pursues a multi-vector foreign policy, in which the African continent occupies a prominent place. China, understanding not only the importance of Africa's resource potential, but also the tendency of the continent's political weight to grow in the international arena, seeks to establish close relations with a number of African countries. The article analyzes the economic mechanism of China's policy towards Africa. First of all, this is viewed through the prism of investments in the context of Beijing's foreign policy strategy. The authors of the article highlighted the challenges and prospects of economic cooperation between China and African countries. Among the main areas of China's cooperation with African countries, the authors specifically considered the investment activity of Chinese investors in terms of their promotion to the markets of the countries of the African continent and the improvement of the implementation of China's foreign policy interests in Africa. Each step is taken with consideration of the civilizational factors of the region and using the «soft power» mechanism. |
| first_indexed | 2024-03-08T19:12:07Z |
| format | Article |
| id | doaj.art-edcb6c5a281c47d2a16c82f9fc56d53e |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2311-116X |
| language | English |
| last_indexed | 2024-03-08T19:12:07Z |
| publishDate | 2023-08-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-edcb6c5a281c47d2a16c82f9fc56d53e2023-12-27T10:58:05ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2023-08-018547303610.32983/2222-4459-2023-8-30-36The China’s Integration in the African Market and Its Impact on the Western WorldSavchenko Maryna V.0https://orcid.org/0000-0002-9063-3551Рorohnia Viktoria A.1https://orcid.org/0009-0000-5926-5984Atamannenko Рetro О.2https://orcid.org/0009-0004-6092-1407Vasyl’ Stus Donetsk National UniversityVasyl’ Stus Donetsk National UniversityVasyl’ Stus Donetsk National UniversityThe theoretical and methodological basis of the research is the works of domestic and foreign scientists. The results were obtained due to the application of the following system of methods: the method of logical analysis made it possible to develop the logic of the research; the method of generalization and synthesis – to form the conclusions of scientific research; methods of structural and economic-statistical analysis were used to determine the trends of direct foreign investments of the two superpowers; methods of expert assessments – to generalize the results of the survey on the attitude of citizens of African countries to foreign partners. The graphic method made it possible to visualize the obtained research results. The article is devoted to a detailed study of the mechanisms of China's integration into the African market and its impact on the Western world. The changes that took place in the international arena at the beginning of the 21st century, in particular, were embodied in the formation of the People's Republic of China (PRC) as a contender for global leadership and the acquisition of features of a central power State. Considering these circumstances, the People's Republic of China pursues a multi-vector foreign policy, in which the African continent occupies a prominent place. China, understanding not only the importance of Africa's resource potential, but also the tendency of the continent's political weight to grow in the international arena, seeks to establish close relations with a number of African countries. The article analyzes the economic mechanism of China's policy towards Africa. First of all, this is viewed through the prism of investments in the context of Beijing's foreign policy strategy. The authors of the article highlighted the challenges and prospects of economic cooperation between China and African countries. Among the main areas of China's cooperation with African countries, the authors specifically considered the investment activity of Chinese investors in terms of their promotion to the markets of the countries of the African continent and the improvement of the implementation of China's foreign policy interests in Africa. Each step is taken with consideration of the civilizational factors of the region and using the «soft power» mechanism.https://www.business-inform.net/export_pdf/business-inform-2023-8_0-pages-30_36.pdfchinaafrican marketeconomic factorsinvestmentpolicyintegrationzones of economic tradezones of economic and trade cooperation. |
| spellingShingle | Savchenko Maryna V. Рorohnia Viktoria A. Atamannenko Рetro О. The China’s Integration in the African Market and Its Impact on the Western World Bìznes Inform china african market economic factors investment policy integration zones of economic trade zones of economic and trade cooperation. |
| title | The China’s Integration in the African Market and Its Impact on the Western World |
| title_full | The China’s Integration in the African Market and Its Impact on the Western World |
| title_fullStr | The China’s Integration in the African Market and Its Impact on the Western World |
| title_full_unstemmed | The China’s Integration in the African Market and Its Impact on the Western World |
| title_short | The China’s Integration in the African Market and Its Impact on the Western World |
| title_sort | china s integration in the african market and its impact on the western world |
| topic | china african market economic factors investment policy integration zones of economic trade zones of economic and trade cooperation. |
| url | https://www.business-inform.net/export_pdf/business-inform-2023-8_0-pages-30_36.pdf |
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