China Fuels the Resource Curse: The Impact of Beijing's Oil Policies on Angola and Sudan
Dalhousie University (Canada), 2008 - 108 pages
As the world's second-largest energy consumer, China needs oil. In order to obtain a diverse and secure supply of oil, the Chinese government has turned to sub-Saharan Africa. Its primary sources for oil imports are Angola and Sudan. Yet both countries have suffered from the economic phenomenon known as the resource curse. It posits that a dependence on oil exports not only fails to create economic growth, but it thwarts diversification efforts and leads to debt. It is no less important that an inflow of oil revenues aggravate the political cleavages, which are ethno-linguistic, geographic or religious, found in sub-Saharan African countries. While China has positioned itself as a strategic partner for Africa by favoring economic growth and development, its oil policies belie such rhetoric. This thesis argues that the China's non-interference, soft loans and aid for oil are exacerbating the resource curse.
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