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Country Experiences in
Economic Development,
Management and
Entrepreneurship
Proceedings of the 17th Eurasia
Business and Economics Society
Conference
Eurasian Studies in Business and Economics 5
Series editors
Mehmet Huseyin Bilgin, Istanbul, Turkey
Hakan Danis, San Francisco, CA, USA
Representing
Eurasia Business and Economics Society
More information about this series at http://www.springer.com/series/13544
Mehmet Huseyin Bilgin • Hakan Danis •
Ender Demir • Ugur Can
Editors
Country Experiences in
Economic Development,
Management and
Entrepreneurship
Proceedings of the 17th Eurasia Business
and Economics Society Conference
Editors
Mehmet Huseyin Bilgin Hakan Danis
Faculty of Political Sciences MUFG Union Bank
Istanbul Medeniyet University San Francisco, California
Istanbul, Turkey USA
This is the fifth issue of the Springer’s series Eurasian Studies in Business and
Economics, which is the official book series of the Eurasia Business and Economics
Society (EBES, www.ebesweb.org). This issue includes selected papers presented
at the 17th EBES Conference that was held in October 15–17, 2015, at the San Servolo
Island in Venice, Italy, with the support of Istanbul Economic Research Associa-
tion. All accepted papers for the issue went through a peer-review process and
benefited from the comments made during the conference as well.
During the conference, participants had many productive discussions and
exchanges that contributed to the success of the conference where 323 papers by
569 colleagues from 56 countries were presented. In addition to publication oppor-
tunities in EBES journals (Eurasian Business Review and Eurasian Economic
Review, which are also published by Springer), conference participants were given
the opportunity to submit their full papers to this Issue. We regret that we could
accept only a small portion of those papers.
Theoretical and empirical papers in the series cover diverse areas of business,
economics, and finance from many different countries, providing a valuable oppor-
tunity to researchers, professionals, and students to catch up with the most recent
studies in a diverse set of fields across many countries and regions.
The aim of the EBES conferences is to bring together scientists from business,
finance, and economics fields, attract original research papers, and provide them
publication opportunities. Each issue of the Eurasian Studies in Business and
Economics covers a wide variety of topics from business and economics and
provides empirical results from many different countries and regions that are less
investigated in the existing literature. The current issue covers fields such as:
v
vi Preface
1. International Trade
2. Growth and Development
3. Political Economy
4. Public Economics
5. SMEs and Entrepreneurship
6. Accounting and Audit
7. Finance and Risk Management
8. Management
Although the papers in this issue may provide empirical results for a specific
country or regions, we believe that the readers would have an opportunity to catch
up with the most recent studies in a diverse set of fields across many countries and
regions and empirical support for the existing literature. In addition, the findings
from these papers could be valid for similar economies or regions.
On behalf of the Volume Editors and EBES officers, I would like to thank our
sponsor Istanbul Economic Research Association, all presenters, participants,
board members, and keynote speakers, and we are looking forward to seeing you
at the upcoming EBES conferences.
vii
viii Eurasia Business and Economics Society
the Social Sciences (IBSS), OCLC, Research Papers in Economics (RePEc), Sum-
mon by ProQuest, and TOC Premier.
Furthermore, since 2014 Springer has been publishing a new conference pro-
ceedings series (Eurasian Studies in Business and Economics) which includes
selected papers from the EBES conferences. The 10th, 11th, 12th, and 13th EBES
Conference Proceedings have already been accepted for inclusion in the Thompson
Reuters’ Conference Proceedings Citation Index, and subsequent conference pro-
ceedings are in progress.
On behalf of the EBES officers and Board, I sincerely thank you for your
participation and look forward to seeing you at our future conferences.
With my very best wishes,
ix
x Contents
xv
xvi
Organizing Committee
Jonathan Batten, PhD, Monash University, Australia
Mehmet Huseyin Bilgin, PhD, Istanbul Medeniyet University, Turkey
Hakan Danis, PhD, Union Bank, USA
Pascal Gantenbein, PhD, University of Basel, Switzerland
Ender Demir, PhD, Istanbul Medeniyet University, Turkey
Orhun Guldiken, University of Arkansas, USA
Ugur Can, EBES, Turkey
Nur Atmaca, EBES, Turkey
Reviewers
Sagi Akron, PhD, University of Haifa, Israel
Ahmet Faruk Aysan, PhD, Central Bank of the Republic of Turkey, Turkey
Mehmet Huseyin Bilgin, PhD, Istanbul Medeniyet University, Turkey
Hakan Danis, PhD, Union Bank, USA
Ender Demir, PhD, Istanbul Medeniyet University, Turkey
Pascal Gantenbein, PhD, University of Basel, Switzerland
Orhun Guldiken, University of Arkansas, USA
Peter Harris, PhD, New York Institute of Technology, USA
Mohamed Hegazy, The American University in Cairo, Egypt
Gokhan Karabulut, PhD, Istanbul University, Turkey
Christos Kollias, University of Thessaly, Greece
Davor Labaš, PhD, University of Zagreb, Croatia
Chi Keung Marco Lau, PhD, University of Northumbria, United Kingdom
Gregory Lee, PhD, University of the Witwatersrand, South Africa
Nidžara Osmanagić-Bedenik, PhD, University of Zagreb, Croatia
Euston Quah, PhD, Nanyang Technological University, Singapore
Peter Rangazas, PhD, Indiana University-Purdue University Indianapolis, USA
DoojinRyu, PhD, Chung-Ang University, South Korea
Manuela Tvaronavičienė, PhD, Vilnius Gediminas Technical University, Lithuania
Part I
International Trade
Trade Competition Between Asia
and the European Union in Africa
Wioletta Nowak
Abstract The paper studies trade in goods between the European Union (EU) and
54 African countries and between four Asian countries (China, India, Japan, and
South Korea) and Africa over the period from 2000 to 2013. The analysis is based
on the data retrieved from the UN Comtrade Database. The EU is a major trading
partner for Africa. However, its role in Africa’s trade has been declining since the
beginning of the global crisis. On the other hand, a significant increase in Asia-
Africa trade has been observed. Since 2006, bilateral trade of four Asian countries
with 34 Africa’s least developed countries (LDCs) have been surpassing trade of
the EU with Africa’s LDCs. Both, the European Union and Asian countries
combine trade policy with development policy.
1 Introduction
The European Union is the most important trading partner for Africa. However,
since the beginning of the global financial crisis it has been steadily losing its
advantage over Asian giants in merchandise trade with African countries. In recent
years, the expansion of trade between China and Africa has been observed. Since
2009, China has been the second largest (after the EU) trading partner for Africa.
Besides, India and Japan have intensified their trade with African countries. The
level of South Korea-Africa trade in goods is significantly lower compared to
China-Africa, India-Africa or Japan-Africa trade but it has been constantly grow-
ing. The Asian countries not only compete between themselves for access to
African resources, markets, influence on the African continent, and support on
the international forum but also pose a threat for the EU’s position and interests
in Africa.
W. Nowak (*)
Institute of Economic Sciences, University of Wroclaw, Wroclaw, Poland
e-mail: [email protected]
The aim of the paper is to show the scale and trends in merchandise trade
between the European Union and 54 African countries, and between four Asian
countries (China, India, Japan, and South Korea) and Africa in the years, from 2000
to 2013. The analysis is based on the data retrieved from the UN Comtrade
Database. Trade data for South Sudan are available from 2012 so in the study
they are combined with data for Sudan and both countries are considered as one,
called Former Sudan.
There are a lot of studies on trade between four Asian countries and Africa in the
twenty-first century. For instance, China-Africa trade was examined by Lee
et al. (2007), Large (2008), and Obuah (2012). Trade between India and Africa
was studied by Geda and Meskel (2008), Broadman (2008), and Roy (2014).
Cornelissen and Taylor (2000) and Cornelissen (2012) examined trade relations
between Japan and Africa. Korea-Africa trade in the years 1998–2012 was analyzed
by Kang (2014).
The main contribution of the paper to the discussion on the trade expansion of China,
India, Japan, and South Korea in Africa is a presentation of their trade with African
countries in comparison with trade between Africa and its largest trading partner.
Relations between Europe and Africa have evolved over the years. They were
mainly determined by European colonialism, the Cold War, and various stages of
enlargement of the European Economic Community (EEC) and then the European
Union (Hurt 2010). The first institutional relations between six member states of the
EEC and their former colonies in Africa were established in the Treaty of Rome in
1957. The Treaty created a free trade area between the EEC and Sub-Saharan
Africa. Additionally, the EEC’s member states established the European Develop-
ment Fund (EDF) to provide development aid to African countries.
After independence, trade relations between the EEC and 18 African countries
were regulated by the Yaoundé Conventions of 1963 and 1969. The Conventions
maintained the system of preferential trade between the EEC and Sub-Saharan Africa
and financial support through the EDF. Due to differences in economic potential
between trading sides, Africa has become a market for the European goods. Besides,
the Yaoundé Conventions were a continuation of post-colonial relations (Hurt 2003).
Since the second half of the 1970s, trade relations between the Western Europe
and Sub-Saharan Africa were defined by Lomé I (1975), Lomé II (1979), Lomé III
(1984), Lomé IV (1989) and Lomé IV-bis (1995) Conventions.1 Europe has granted
non-reciprocal trade preferences to Sub-Saharan Africa. African manufactured
goods and agricultural products that were not covered by the Common Agricultural
1
The Conventions were signed by the African, Caribbean, and Pacific Group of States.
Trade Competition Between Asia and the European Union in Africa 5
Fund was set up. At the end of 2006, Chinese leaders announced that the Export–
import Bank of China would provide USD 2 billion in concessional loans and USD
3 billion in preferential export credits to African countries in the years 2007–2009
(Bräutigam 2011). During the following two Ministerial Conferences of FOCAC in
2009 and 2013, China declared to provided USD 10 billion in concessional/prefer-
ential credits to Africa in the years 2010–2012 and USD 20 billion of credit line
from 2013. The main outcome of the 6th Ministerial Conference of FOCAC in 2015
was a new Declaration and Plan of Action (2016–2018) and a further USD 60 billion
to Africa (Forum on China-Africa Cooperation 2015).
Generally, the basis for China-Africa economic cooperation is competitive
political advantage, comparative economic advantage, and economic diplomacy
and development assistance. China cooperates with African countries despite they
are not democratic and do not respect human rights. Moreover, it does not interfere
in domestic affairs of its partners. The comparative economic advantage stems from
utilizing by China low-cost bidding strategy based on low skilled labor and mana-
gerial costs. The Chinese government diplomatically supports prestige projects in
Africa and offers low-interest loans to China’s trading partners (Alden 2008).
After India’s independence in 1947, Jawaharlal Nehru laid the foundations for
India’s policy towards Africa. The first Prime Minister of India mainly focused on
the support for struggle against colonization and apartheid, and the people of Indian
origin in Africa. He intended to create friendly, cooperative, and mutually con-
structive relationships between India and African countries (Taylor 2012). India’s
friendship with African countries was further developed by Indira Gandhi and Rajiv
Gandhi. Since the beginning of the 1960s, India-Africa relations were enhanced by
Indian development assistance. India supported selected African countries under
the Special Commonwealth African Assistance Programme and the Indian Tech-
nical and Economic Cooperation Programme.
In the 1970s and 1980s, Indo-African economic relations were limited due to the
poor state of Indian economy and constraints imposed by the Cold War. Since the
1990s, India’s policy towards Africa has been based on five pillars: developing
economic cooperation, engaging the people of Indian origin, preventing and com-
bating terrorism, preserving peace, and assisting the African defense forces (Beri
2003). In the late 2000s economic and trade relations between India and Africa were
strengthen during the India-Africa Forum Summits. The First Summit was held in
2008 in New Delhi, India. It was followed by the 2nd India-Africa Forum Summit in
2011 in Addis Ababa, Ethiopia. The Third Summit was held in 2015, in New Delhi.
India, like China, uses foreign aid to develop its economic cooperation with
Africa. In the 2000s, India extended lines of credit and grants for Africa. From
2004, African countries have been beneficiaries of Indian Development and Eco-
nomic Assistance Scheme. Besides, India committed USD 5.4 billion at the First
Summit, and USD 5 billion at the Second (Chakrabarti and Ghosh 2014). During
the 3rd India-Africa Forum Summit, India promised to provide a further USD 10.6
billion in concessional loans and grants to Africa.
After World War II, Japan mainly imported mineral resources from Southeast
Asia. Besides, the Japanese economy was closely tied with the North American
Trade Competition Between Asia and the European Union in Africa 7
market. As a result, the African continent was of little significance to Japan. The
major Japanese trading partner in Africa was South Africa. However, the level of
trade between those countries was very low. In 1959, Japan’s exports to
South Africa were 1.5 % of its total exports while Japan’s imports from that country
were 1.0 % of its total imports (Osada 2002).
In the 1960s, Japan initiated its relations with the English-speaking African
countries through Britain. Japan wanted to expand its exports to Africa and needed
the British support to justify its presence in the region. Initially, the Commonwealth
African countries imposed severe restrictions on imports from Japan. In order to
reduce the trade friction, Japan started to provide development assistance to Africa.
Ghana, Kenya, Nigeria, Tanzania and Uganda were among the first beneficiaries of
Japanese aid on the African continent (Ampiah 2010). Japan developed its trade
relations primarily with South Africa. In the sixties, it became the second largest
market for the South African goods. From 1960 to 1972, Japanese-South African
trade increased more than five times. In the late 1980s, Japan was South Africa’s
largest trading partner, despite the fact that South Africa was under apartheid rule
protests of racial discrimination (Alden 2002).
The economic links between Japan and Africa were strengthened after the 1973
and 1979 oil crises. The search for new suppliers of natural resources and raw
materials resulted in new Japan’s foreign policy towards resource-rich African
continent. To enhance its trade and economic relations, Japan increased develop-
ment assistance to Africa. By 1990, it became one of the Africa’s top bilateral
donors (Cornelissen 2012). Japan directed its assistance mainly to Egypt, Tanzania,
Kenya, Nigeria, Ghana, and Zambia. In the first decade of the twenty-first century,
Japanese foreign aid declined due to economic recession in Japan (Nowak 2015b).
Between the 1960s and 1990s, Japan-Africa relations were determined by the
international power struggles between the Western Bloc (the United States and
allies) and the Eastern Bloc with the Soviet Union (Morikawa 2005). The end of the
Cold War was a turning point in Japan’s policy towards Africa. In 1993, the
Japanese government initiated the Tokyo International Conference on African
Development (TICAD). The TICAD has been held every 5 years since its inception.
The conferences aim to enhance economic and trade relations with African coun-
tries through development cooperation. Japan uses the conferences to announce its
foreign aid policy towards Africa. For instance, during the TICAD V (2013) Japan’s
Prime Minister declared a 5-year USD 32 billion package for African countries
(Ministry of Foreign Affairs of Japan 2013).
Historically, economic and political contacts between South Korea and Africa
were limited. Korea began to establish diplomatic relations with African countries
in the early 1960s. In 1961, it established relations with Côte d’Ivorie, and then
subsequently with Niger, Benin, Chad, and Cameroon. During the Cold War period
Korea’s relations with Africa were determined by its diplomatic competition with
North Korea. In the 1990s, Africa was a low priority in the Korean foreign policy.
Instead, Korea began to develop its relations with China, Russia, and Eastern
European Countries. Since the beginning of the twenty-first century, economic
cooperation between Korea and Africa has been actively developed. Resource-
8 W. Nowak
rich African countries have become attractive trading partners for Korea due to its
deep concerns regarding energy security (Hwang 2014).
The new phase in South Korea-Africa relations started in 2006. The Korean
President launched the Korea’s Initiative for Africa’s Development during his visit
to Nigeria. Besides, the Korea Africa Economic Cooperation (KOAFEC) Ministe-
rial Conference was held in Seoul. Since its inception in 2006, the KOAFEC has
become the permanent framework for economic cooperation between Korea’s
Ministry of Strategy and Finance (MOSF) and the African Development Bank
(AfDB). During the conferences a series of Korea’s assistance packages were
announced. For instance, in 2009, the MOSF promised to provide to the AfDB
USD 306.1 million. In 2010, it declared a further USD 200 million. During the 4th
KOAFEC, Korea offered USD 590 million to the AfDB in 2013–2014 (Ministry of
Strategy and Finance 2012). Korea-Africa relations are also developing during
Korea-Africa Forums led by the Ministry of Foreign Affairs and Trade of the
Republic of Korea.
Recent South Korea’s engagement in Africa is driven mainly by the pursuit of
energy and food security, the establishment of new markets for Korean
manufactured goods, and the enhancement of its credentials as a prominent global
power (Darracq and Neville 2014).
Since the beginning of the twenty-first century, the value of bilateral merchandise
trade between 25 countries of the European Union (EU25) and Africa increased
approximately three times, from USD 139.3 billion in 2000 to USD 425.7 billion in
2013. It grew annually at 8.3 %. The value of bilateral trade in goods of four Asian
countries (Asia4) with Africa increased over 10 times, from USD 32.5 billion in
2000 to USD 338.0 billion in 2013. It has been growing annually at 18.2 %. In 2000,
bilateral trade of the EU25 with Africa was 4.3 times bigger than Asia-Africa one,
while in 2013 only 1.3 times. Differences in the UE25-Africa and Asia4-Africa
total trade have been gradually decreasing since 2008 (Fig. 1).
Fig. 1 Merchandise trade of the EU25 and Asia4 with Africa, 2000–2013 (USD billion). Source:
Own calculations based on data retrieved from http://comtrade.un.org/data/
Trade Competition Between Asia and the European Union in Africa 9
300
200
100
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fig. 2 Merchandise trade of the EU25 with Africa, 2000–2013 (USD billion). Source: Own
calculations based on data retrieved from http://comtrade.un.org/data/
200
150
100
50
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Fig. 3 Merchandise exports of four Asian countries to Africa, 2000–2013 (USD billion). Source:
Own calculations based on data retrieved from http://comtrade.un.org/data/
Africa is more strategic trading partner for the EU25 than for Asia4. It accounted for
8.2 % of the European Union total trade in 2000 and for 9.3 % in 2013. In the years from
2000 to 2013, African countries more than doubled their share in Asia’s total trade.
Africa accounted for 1.8 % of Asia4’s trade with the world in 2000 while 4.5 % in 2013.
The EU’s exports to African countries jumped from USD 61.1 billion in 2000 to
USD 175.3 billion in 2008, and USD 203.3 billion in 2013. The European imports from
Africa increased from USD 78.2 billion in 2000, to USD 231.0 billion in 2008, and
reached the value of USD 222.4 billion in 2013. In the period 2000–2008, the EU25’s
exports to Africa grew annually at 12.4 % and imports at 12.8 % while from 2009 to
2013, exports grew at 6.1 % and imports at 7.4 %. In 2009, the European exports to
Africa decreased by USD 24.4 billion and imports by USD 75.4 billion (Fig. 2).
Asia4’s exports in goods to Africa jumped from USD 15.4 billion in 2000, to USD
93.1 billion in 2008, and USD 153.3 billion in 2013. The Asian imports from Africa grew
faster than the exports. At the beginning of the twenty-first century, four Asian countries
imported goods from Africa of the value of USD 17.1 billion. The Asian imports were
worth USD 110.2 billion in 2008 and USD 184.7 billion in 2013. From 2000 to 2008,
Asia4’s exports to Africa grew annually at 22.1 % and imports at 23.0 % while in the years
2009–2013, exports grew at 13.0 % and imports at 18.8 %. In 2009, the Asian exports to
Africa decreased by USD 9.7 billion and imports by USD 32.1 billion (Figs. 3 and 4).
China is the most important Asian trading partner for Africa. In the years from
2000 to 2013, the value of China’s exports in goods to Africa was approximately
3.0 times bigger than India’s ones and the Chinese merchandise imports surpassed
Indian about 2.4 times. Details about trade in goods between the Asian countries
and Africa are presented in Table 1.
10 W. Nowak
200
150
100
50
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
China India Japan Korea
Fig. 4 Merchandise imports of four Asian countries from Africa, 2000–2013 (USD billion).
Source: Own calculations based on data retrieved from http://comtrade.un.org/data/
Trade relations between the EU25 and Africa and Asia4 and Africa create and
sustain the asymmetry between those regions and the net-winner and net-loser
African countries. During the considered 14 years, the EU25 recoded a trade deficit
with 19 African countries, while Asia4 imported more goods from 18 African
countries than it exported to.
The EU25 trades mainly with the Northern Africa.2 In the years 2000–2013, the
Northern Africa accounted for 52 % of exports to the EU25 and 49 % of imports
from the European Union. From 2009, the EU25 slightly decreased its trade with
that region in Africa. The Western and Northern Africa were the largest regional
markets for Asian commodities with the share of 58 %. The Asian countries
imported goods mainly from the Central and Southern Africa. Those regions
supplied nearly 63 % of all goods to Asia (Table 2).
There are similarities between the EU-Africa and Asia-Africa trade in goods. In
the years 2000–2013, the top five importers from Africa accounted for nearly 62 %
of the EU25’s exports to the continent while the top five African exporters
2
The African countries are classified into the following regions: Northern Africa (6 countries):
Algeria, Egypt, Libya, Morocco, Former Sudan, Tunisia; Western Africa (16 countries): Benin,
Burkina Faso, Cabo Verde, Côte d’Ivorie, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali,
Mauritania, Niger, Nigeria, Senegal, Sierra Leone, Togo; Central Africa (9 countries): Angola,
Cameroon, Central African Republic, Chad, Congo, Democratic Republic of Congo, Equatorial
Guinea, Gabon, S~ao Tomé and Prı́ncipe; Eastern Africa (17 countries): Burundi, Comoros,
Djibouti, Eritrea, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Rwanda,
Seychelles, Somalia, Tanzania, Uganda, Zambia, Zimbabwe, Southern Africa (5 countries):
Botswana, Lesotho, Namibia, South Africa, Swaziland.
Trade Competition Between Asia and the European Union in Africa 11
Table 3 The share of top trading partners in the EU25’s and Asia4’s total trade with Africa
EU25 Asia4
Number of 2000–2013 2009–2013 2000–2013 2009–2013
top trading African African African African African African African African
partners importers exporters importers exporters importers exporters importers exporters
5 61.6 % 66.7 % 60.8 % 66.4 % 55.5 % 72.3 % 54.2 % 73.2 %
10 81.2 % 85.5 % 81.2 % 86.0 % 72.9 % 86.5 % 72.3 % 87.1 %
20 91.2 % 95.0 % 91.0 % 95.6 % 90.2 % 95.9 % 89.5 % 96.3 %
Source: Own calculations based on data retrieved from http://comtrade.un.org/data/
Table 4 Top ten the EU25’s and Asia4’s African trade partners, 2000–2013 (USD billion)
African importers from African exporters to
EU25 Asia4 EU25 Asia4
Rank Country Value Country Value Country Value Country Value
1 South Africa 327.6 South Africa 192.6 Algeria 380.8 South Africa 339.9
2 Algeria 227.3 Nigeria 106.1 Libya 361.5 Angola 227.7
3 Morocco 209.0 Egypt 103.3 South Africa 318.2 Nigeria 117.2
4 Egypt 189.1 Liberia 81.9 Nigeria 238.8 Former Sudan 73.4
5 Tunisia 159.4 Algeria 59.6 Tunisia 138.8 Congo 41.3
6 Nigeria 145.5 Kenya 42.6 Morocco 133.8 Egypt 39.9
7 Libya 79.2 Angola 36.2 Egypt 109.3 Libya 33.8
8 Angola 63.8 Morocco 34.0 Angola 73.5 Equatorial Guinea 32.7
9 Ghana 32.8 Ghana 30.4 Côte d’Ivorie 47.6 Algeria 30.5
10 Senegal 32.6 Former Sudan 27.4 Equatorial Guinea 40.6 Gabon 20.4
Source: Own calculations based on data retrieved from http://comtrade.un.org/data/
W. Nowak
Trade Competition Between Asia and the European Union in Africa 13
Table 5 African countries for which Asia4 was more important trading partner than the EU25
Period Exports of goods Imports of goods
2000–2008 Liberia, Benin, Kenya, Former Sudan, Angola, Former Sudan, Congo,
Djibouti, Tanzania, Lesotho, Somalia, Zambia, Benin, Guinea-Bissau,
Swaziland, Togo, Gambia, Mozambique Burkina Faso, Chad, Somalia
2009–2013 Liberia, Kenya, Tanzania, Former Sudan, Angola, South Africa, Former Sudan,
Benin, Mozambique, Djibouti, Ethiopia, Zambia, Congo, Democratic Republic
Ghana, Mauritius, Zambia, Uganda, of Congo, Gabon, Mauritania,
Zimbabwe, Somalia, Gambia, Malawi, Tanzania, Benin, Sierra Leone, Mali,
Lesotho, Togo, Madagascar, Swaziland, Guinea-Bissau, Chad, Burkina Faso,
Eritrea Gambia, Somalia, Rwanda, Eritrea,
Zimbabwe
2000–2013 Liberia, Kenya, Tanzania, Benin, Former Angola, Former Sudan, Congo,
Sudan, Djibouti, Mozambique, Ethiopia, South Africa, Zambia, Gabon, Dem-
Zambia, Somalia, Lesotho, Gambia, ocratic Republic of Congo, Benin,
Uganda, Zimbabwe, Togo, Malawi, Mauritania, Guinea-Bissau, Burkina
Swaziland Faso, Chad, Mali, Tanzania, Gambia,
Somalia, Sierra Leone, Eritrea
Source: Own calculations based on data retrieved from http://comtrade.un.org/data/
150
111 119
105
100 84
74 66
55 63 61 61
42 4250 42 43
50
1710 18 9 1911 2213 2423 2929 32
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
EU25 Asia4
Fig. 5 Total merchandise trade of the EU25 and Asia4 with 34 Africa’s LDCs, 2000–2013 (USD
billion). Source: Own calculations based on data retrieved from http://comtrade.un.org/data/
Besides, bilateral trade of four Asian countries with 34 Africa’s least developed
countries have been surpassing trade of the EU25 with Africa’s LDCs since 2006
(Fig. 5).
4 Conclusion
The European Union is a major trading partner for 54 African countries. However,
its role in Africa’s trade has been declining since the beginning of the global crisis.
On the other hand, a significant increase in Asia-Africa trade has been observed.
Since 2006, bilateral trade of four Asian countries (China, India, Japan, and South
Korea) with 34 Africa’s least developed countries have been surpassing trade of the
EU with Africa’s LDCs.
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Fairlie, 232.
Falcons, hunting with, 266; legend, 267.
Fas, 93; first mission to, in 1868, 236; second mission in 1875, 307; third
mission in 1880, 329; the ladies of, 237.
Fatmeh, 190.
Féraud, M., 354.
Ferguson, 3.
Ferry, M., 345, 351.
Ford, Sir Francis Clare, 11.
—, Mr., his ‘Handbook of Spain,’ 11.
Forde, Mr., 214.
Forster, Henry, 20.
France, relations with Morocco, 66, 133, 135, 345; demands of, 69.
Franciscan Brotherhood, Father Superior of the, 343.
Frost, J., 99 note.
Fum Ajrud stream, 158.
Habor, 128.
Hadj Abdallah Lamarti, 148, 376.
Hadj Abdallah Tif, Governor of Rabát, 93.
Hadj Abderahman Ben el Amri, 90.
Hadj Abd Selam, 104, 109.
Hadj Alarbi, 312, 378.
Hadj Gabári, the jester, 116.
Hadj Hamed Lamarti, 296, 376; illness, 365.
Hadj Kassem, 100.
Hadj Kassim, 161-164.
Haffa wood, 377, 378.
Haha, Governor of, 284.
Hajara el Ghaghab, or rock of ravens, 224.
Hajot, 315.
Hall, Captain, 148, 152.
Hamádsha, dances of the, 91, 177.
Hammond, Lord, 20.
Hara, or village of lepers, 107, 111.
Hashef river, 85.
Hassan, Mosque of, 92.
Hastings, Marquess of, 5.
Havelock, 4.
Hay, Lady, 296, 312, 328; letter from Hans Christian Andersen, 225.
—, Sir Edward, 6.
—, Sir John Hay Drummond, birth, 1; at the Edinburgh Academy, 2;
Charterhouse, 4; at Tangier, 7; under the tuition of Don Gregorio, 8; meets
José Maria, 11; proficiency in Arabic, 16; his ‘Western Barbary,’ 17; his
fortune told by Leila, 17; appointed Attaché at Constantinople, 20; at
Marseilles, 22; fear of the plague, 22; attacked by cholera, 24; at
Alexandria, 24; purchases a gem, 26; at Constantinople, 30; his first
dispatch, 30; life at the Embassy, 42; at the Armenian banker’s, 45; effect
of the narghileh, 47; selected confidential Attaché to Sir S. Canning, 50;
sent to Broussa, 51; receives hospitality from a Turk, 52-57; obtains leave
of absence, 58, 66; at Paris, 60; Egypt, 63; Stockholm, 66; Tangier, 67; his
letter to Sir S. Canning on the state of affairs in Tangier, 68-71; appointed
Political Agent and Consul-General in Morocco, 74; starts on his mission to
Sultan Mulai Abderahman in 1846, 77; an Arab serenade, 91; reception at
Rabát, 92-96; attacked by a mob at Salli, 101; at Marákesh, 108; received
by the Sultan, 113, 118, 216, 217, 232, 270; conferences with Uzir Ben
Dris, 115, 117; his return to Tangier, 124; on the habits of the Moors, 124;
the Jews, 125; promoted to the rank of Chargé d’Affaires, 134; his efforts
to develop trade, 134, 140, 168; his ride from El Araish, 136; adventure
with a Moslem, 138; his firm policy, 139; marriage, 142; influence over the
natives, 142, 363; love of sport, 143, 365; suppression of piracy among the
Rifians, 144; his kindness during the famine, 164; on the advantages of a
Commercial Convention, 168; his second mission to Marákesh in 1855,
169; reception at Azamor, 169; at Shawía, 171; result of his mission, 179;
ratification of the Treaty, 181; created a C.B., 183; on the downfall of
Benabu, 184-192; gift of a leopard, 199; on the outbreak of hostilities with
Spain, 206; his efforts to protect property, 208; attack of influenza, 213; his
mission to Meknes, 214; terms of the proposed loan, 218; nominated
K.C.B., 219; suffers from his eyes, 219; the British Legation, 221; ‘The
Wilderness,’ 223; his summer residence, 224; acts of kindness, 226; third
mission to Marákesh in 1863, 230; at Rabát, 230; on the exchange of
Gibraltar for Ceuta, 233; at Fas, 236; audiences of the Sultan, 238;
proposed reforms, 238; Minister Plenipotentiary, 264; fourth mission to
Marákesh in 1872, 264; legend of the falcon, 267; enters Marákesh, 269;
dinner with Sid Musa, 272; the menu, 273; his final interview with the
Sultan, 276-282; entry into Mogador, 284; crossing the bar at Saffi, 286;
expedition to the Atlas mountains, 289; mission to Fas in 1875, 307;
proposes various reforms, 314, 317; reception by Sultan Mulai Hassan,
315; at the feast of the Mulud, 316; on the Sahara scheme, 317; his annual
holidays, 318; on the crisis in Turkey, 319; on Sir H. Layard’s appointment,
320; on the question of Protection, 321; famine, 324; cholera, 325; the
quarantine regulations, 325; illness of his son, 327; third mission to Fas in
1879, 329; interview with Uzir Mokhta, 330-333; reforms agreed to, 334;
promoted to the rank of Envoy Extraordinary, 335; letters from M. Tissot,
336; failure of his project for the exportation of grain, 339; at Marákesh,
340; on the state of Morocco, 344, 347; on the relations between France
and Morocco, 345, 349; charges against him, 346; interview with Lord
Granville, 350; G.C.M.G. conferred, 350; exoneration in the House of
Lords, 350-353; his impression of M. Féraud, 354; weariness of his work,
356; on the system of slavery, 357; prison reform, 358; fails to obtain a
revision of the Commercial Treaty, 360; delight at leaving, 360; letter from
the Sultan’s Prime Minister, 361-363; Privy Councillor, 363; accounts of
boar hunts, 366-389; introduces pigsticking, 373; hunting a lion, 390;
death, 397.
—, Mr. E. A. Drummond, 1, 5, 28, 293; appointed Political Agent and Consul-
General in Morocco, 6; his mission to Marákesh, 66; illness and death, 68.
—, Mr. R. Drummond, 293, 296; consul at Mogador, 324; illness, 327.
—, Mr. R., 8.
—, Mr. R. W., 139.
—, Mrs., 4.
—, Mrs. R. Drummond, 237, 328.
—, Miss, 237, 240, 312; extracts from her diary, 284, 289; received by the
Sultan, 342.
—, Miss A., 266.
—, Louisa, 9.
Hiazna, Governor of, 72.
‘Hill,’ the, 224.
Hitchcock, Major, 296.
Hodges, Colonel, 21, 24.
Hooker, Sir Joseph, letters from Sir J. D. Hay, 264, 318, 324.
Ofran, 128.
Ordega, M., 345; recalled, 354.
Oriental phraseology, specimen of, 361.
Orléans, Duc de, at Tangier, 203; his letter to Sir J. D. Hay, 203.
Oscar, King of Sweden, 66.
Tafilelt, 128.
‘Taherdats’ river, 368.
Taheret, 129.
Tait, Archbishop, 3.
Takulebat, 129.
Tama, history of the son of, 82.
Tamista plain, 242.
Tangier, 7; condition of, 68: arsenal, 192; bridge, 193; quarantine regulations,
325.
Tápia, 99 note.
Taza, 289.
Telin, 128.
Tensift river, 106, 269, 292.
Tetuan, 144, 180.
Thackeray, 4.
Thala, 128.
Thomson, Captain J., 5; his ‘Etymons of the English Language,’ 5.
Times, leader in the, 346; extract from, 351.
Tissot, M., 288; letters to Sir J. D. Hay, 336.
Torras, 355, 360.
Torribat, 129.
Trafalgar, battle of, 192.
Tres Forcas, Cape, 144.
Tsemsalla village, 243.
Turkey, the Sultan of, receives Lord Ponsonby and suite, 31; interview with
Lady Londonderry, 37.
Uhara, 86.
Ujda, 69.
Uríka, 289, 293.
Urquhart, Mr., 99.
Yaden, 127.
Zacchian, 129.
Zarhon district, 160.
Zarhoni, Ben Taieb and Ben Nasr, dialogue between, 81.
Zebdi, Governor, 93.
Zerhóna, the, 214.
Zinat Kar Mountain, 292, 296.
Zinats village, 196, 228.
Zouche, Lord, 49; his defence of Sir J. D. Hay, 351.
THE END.
OXFORD: HORACE HART
PRINTER TO THE UNIVERSITY
FOOTNOTES: