China's New Role in Africa and the South: A Search for a New by Dorothy-Grace Guerrero, Firoze Manji PDF

By Dorothy-Grace Guerrero, Firoze Manji

ISBN-10: 1906387265

ISBN-13: 9781906387266

China's international growth is way spoke of, yet frequently from the perspective of the West. This exact number of essays written by way of students and activists from China and the worldwide South offers diversified perspectives at the demanding situations confronted by means of Africa, Latin the USA, and Asia due to China's upward thrust as an important international monetary strength. chinese language relief, alternate, and investments—driven by way of the wishes of its personal economy—present either threats and possibilities for the South, requiring a nuanced research that is going past simplistic caricatures of "good" and "evil." This publication presents a clean viewpoint that specializes in the commercial, social, and environmental influence of China's enlargement. It represents the 1st try to determine a discussion among civil society in China and the worldwide South. participants comprise Walden Bello, Luk Tak Chuen, Shalmali Guttal, Yu Xiaogang, Ding Pin, Xu Weizhong, Dot Keet, Barry Sautman, Yan Hairong, Lucy Corkin, Ali Askouri, Yuza Maw Htoon, Khin Zaw Win, Alexandre de Freitas Barbosa, Fu Tao, and Peter Bosshard.

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The readiness of IFIs to make adjustments to their lending and governance policies to suit borrowing governments poses important and tricky strategic questions for civil society organisations who are fooled into believing that IFIs are actually development institutions that can be made to stop bad projects by operational directives, safeguard measures, etc. Conclusion The above arguments are not intended to valourise China’s dealings with IFIs or its role as an external donor and investor. From a constructive start possibly based on Southern solidarity politics several decades ago, China’s current aid and foreign investment practices have begun to dangerously resemble colonialism.

In 2005, of 21 projects in which there was a potential for significant environmental damage, Citibank approved only three, and these were carried out in strict accordance with the Equator Principles and environmental and social risk management policies The influence of the declaration on the Equator Principles has been significant, and it has subsequently become a reference standard used by NGOs to evaluate the environmental and social impact of financial institutions. In June 2003, ten major commercial banks from seven countries, including Citibank, ABN AMRO and WestLB AG led the way in voluntarily committing to respect norms for the sustainable development of the financial industry – the Equator Principles.

These standards are an update of the World Bank’s environmental and social safeguard policies, and target the private sector. In total, there are eight standards: social and environmental assessment and management systems, labour and working conditions, pollution prevention and abatement, community health, safety and security, land acquisition and involuntary resettlement, biodiversity conservation and sustainable natural resource management and indigenous peoples and cultural heritage. In addition, under Standard 3, rules relating to gas and wastewater emissions are taken from the Pollution Prevention and Abatement Handbook of the World Bank.

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China's New Role in Africa and the South: A Search for a New Perspective by Dorothy-Grace Guerrero, Firoze Manji


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