China and the Terms of Trade: the Challenge to Development Strategy in Ssa
نویسنده
چکیده
China‟s rapid and relatively recent accession to the global economy has had a number of important impacts for the global economy. Amongst these is the consequence of its rising manufacturing exports and commodity imports for the terms of trade. If this leads to a sustained reversal of the long-term relationship between the prices of manufactures and commodities, it challenges the basic premise of industrialisation which underlies much of development strategy in SSA (and elsewhere). This feeds into, and is in turn fed by, domestic and regional political processes.
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