China’s FDI Impact on Economic Development in the Developing Countries in Africa (The Case Study of Comoros)

Abstract

China's continued development assistance to Africa in recent decades is one of the most controversial events in the region. China's aid to Africa, fueled by the spirit of the growing self-secession of African countries, has attracted the world's attention. While friends see the great help as a lucrative opportunity for both sides, the enemies of the association fear the potential impact of Chinese development aid on increasing their own stoic capacity. Despite the growing debate between friends and enemies of these associations, little existing literature has examined the sincerity of China's capacity-building assistance, focusing on job creation and technology or ICT transfer. There is a lack of clear evidence of capacity building indicators, such as job creation and technology transfer. In the absence of literature, this study tries to emphasize and examine China's impact on the construction of chamber capabilities in job creation and technology transfer. The study used key data from semi-structured interviews that included open questions and secondary data, such as the White Paper in China. Unlike previous studies in Angola, Sudan and Uganda, the situation in the Comoros is quite the opposite. The results paint an image of the impact of support for the Chinese project on the construction of capacities in the Comoros, which at best remains "negligible." The country can reach its full potential and there is an urgent need to restore the political and economic power of Comoros.

Keywords: Aids, Economics, Foreign Direct Investment, Comoros, China-African, Developing Countries

DOI: 10.7176/EJBM/12-27-16

Publication date:September 30^th 2020