Africa's silk road: China and India's new economic frontier

Overview

Connecting two continents

Conclusions and policy implications

Connecting two continents

Historical context

Scope and methodology of the study

Structure of the study

Annex 1A: Data sources

Annex 1B: Diagnostic trade integration studies

Performance and patterns of African-Asian trade and investment flows

Introduction

Africa and Asia in the global economy

Patterns of merchandise trade flows between Africa and Asia

Africa's pattern of merchandise trade with China and India

Trade in services between Africa and Asia

Foreign direct investment between Africa and China and India

Key elements shaping African-Asian trade flows

Conclusions and policy implications

Annex 2A

Challenges "at the border": Africa and Asia's trade and investment policies

Introduction

Domestic trade and investment policy regimes

International trade and investment agreements

Conclusions and policy implications

"Behind-the-border" constraints on African-Asian trade and investment flows

Introduction

Performance of firms behind-the-border

Role of domestic competition in promoting international integration

Role of Chinese and Indian firms in affecting Africa's competition and international integration

Sources of competition in Africa's market

Conclusions and policy recommendations

Annex 4A

"Between-the-border" factors in African-Asian trade and investment

Introduction

Remedies for imperfections in the market for information

Trade facilitation in Africa-Asian commerce: transport, logistics, and finance

Transfers of technology and skills

Conclusions and policy recommendations

Annex 5A

Investment-trade linkages in African-Asian commerce: scale, integration, and production networks

Introduction

Determinants of linkages between trade and foreign direct investment

Evidence on FDI-trade linkages of Chinese and Indian firms in Africa

Meeting the challenge of network trade: what are Africa's export opportunities presented by Chinese and Indian foreign investment

Conclusions and policy implications.