BALANCING AGAINST CHINA WITH THE ASIA-AFRICA GROWTH CORRIDOR: AN INDIAN-JAPANESE INITIATIVE TOWARDS THE INDO-PACIFIC

Author
Carlos Eduardo Carvalho, João Paulo Nicolini Gabriel
Content Type
Journal Article
Journal
Conjuntura Austral: Journal of the Global South
Volume
9
Issue Number
48
Publication Date
2018
Institution
Conjuntura Austral: Journal of the Global South
Abstract
The launch of a vision document for Asia-Africa Growth Corridor (AAGC) at the African Development Bank meeting in Gujarat in 2017 reveals an important aspect to grasp the awkening of a strategy to face China’s rise. This conference of the African Development Bank (AfDB) is a landmark for this initiative. This bank is a mechanism for economic and social development with the participation of non-African members (e.g. China, India, Brazil, the United States, and Japan). The main contributors to the African Development Fund -linked to this bank -are the United Kingdom, the USA and Japan. Beijing does not figure among the most influent members of this organization. Thus, it was an opportunity for think tanks, supported by India and Japan, to introduce the idea of a corridor aimed to link Asia to Africa in order to increase co-operation in agriculture, social development and technology sharing.
Topic
Development, International Political Economy, International Trade and Finance, Economic growth, Banks, Trade, Economic Development , Trade Policy, Economic Cooperation
Political Geography
Africa, Japan, China, Asia