Abstract
China and India, with a third of the world’s population and nearly two-rhirds of its poor, have experienced unprecedented financial growth. The greater openness of their markets and success has catapulted the ‘Asian Giants’ to the position of important players in the 21st-century economy. China and India have been establishing and strengthening economic relations in many African countries, particularly in recent years. Rwandan trade with Asia reflects vigorous vitality, with the country having managed to secure large volumes of Foreign Direct Investment (FDI). However, Chinese and Indian involvement in Rwanda is raising eyebrows and raising questions.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Bibliography
African Centre for Economic Transformation (2009) Looking East (Accra: ACET).
Alden, C. (2007) China in Africa (London: Zed Books).
Akuzwe, C. (2010) ‘Unlock Energy Potential at Lake Kivu’, Trade and Investments in Africa 11/03/2011, at: www.tradeinvestafrica.com/investment_opportunities/784900.htm (accessed 15 June 2011).
Asiimwe, B.R. (2010a) ‘Foreign Investments Hit Rwf 600 Billion’, The New Times, 14 July, at: http://allafrica.com/stories/201007140574.html (accessed 29 November 2010).
Asiimwe, B.R. (2010b) ‘China, Rwanda Sign $6m Dev’t Aid Agreement’, The New Times, 25 December, at: www.newtimes.co.rw/index.php?issue=14485&a rticle=36913 (date accessed 13 June 2011).
Asiimwe, B.R. (2011) ‘Extraction of Methane Gas Harmless - Ruhamya’, The New Times, at: 7/02/2011 http://allafrica.com/stories/201102071255.html (accessed 13 June 2011).
Awasthi, K. (2008) ‘Will Indian Generosity Help Africa?’, Down to Earth, 16 (24), www.downtoearth.org.in/full6.asp?foldername=20080515&filename=news& sec_id=4&sid=9 (accessed 3 December 2010).
Barnard, H. (2008) ‘Capability Development and the Geographic Destination of Outbound FDI by Developing Country Firms’, International Journal of Technology and Globalisation, 4 (1), 39–55.
Beri, R. (2005) ‘Africa’s Energy Potential: Prospects for India’, Strategic Analysis, 29 (3), 370–94.
Broadman, H.G. (2007) Africa’s Silk Road: China and India’s New Economic Frontier (Washington, DC: World Bank).
Cheru, F. and C. Obi (2011) ‘India-Africa Relations in the 21st Century: Genuine Partnership or a Marriage of Convenience?’, in E. Mawdsley and G. McCann (eds), India in Africa: Changing Geographies of Power (Oxford: Fahamu Books and Pambazuka Press).
Cheng, S. and R.R. Stough (2008) ‘The Pattern and Magnitude of China’s Outward FDI in Asia’, in R.S. Rajan, R. Kumar and N. Virgill (eds), New Dimensions of Economic Globalization: Surge of Outward Foreign Direct Investment from Asia, Indian Council for Research on International Economic Relations (New York: World Scientific).
Doya, D.M. (2010) ‘Essar, Tata, Electrotherm among Indian Companies That May Invest in Rwanda’, Bloomberg, 1 November, at: www.bloomberg.com/news/2010–11-01/essar-tata-electrotherm-among-indian-companies-that-may- invest-in-rwanda.html (accessed 3 December 2010).
Dunning, J.H. (1980) ‘Towards a New Paradigm of Development: Implications for the Determinants of International Business Activity’, Transnational Corporations, 14 (1), 173–228.
Graham, E.M. (2002) ‘The Contributions of Stephen Hymer: One View’, Contributions to Political Economy, 21 (1), 27–41.
Henley, J., S. Kratzsch, M. Kulur and T. Tandogan (2008) ‘Foreign Direct Investment from China, India and South Africa in Sub-Saharan Africa: A New or Old Phenomenon?’, World Institute for Development Economic Research, Research Paper 2008 (24), 1–29.
Hitimana, B. (2009) ‘China, Rwanda Vow to Boost Trade Relations’, East African Business Week, 19 January, at: www.focac.org/eng/mtsy/t607676.htm (accessed 12 June 2011).
Indo-Asian News Service (2010a) ‘Rwanda Ties Up with Three Indian Industry Associations’, Thaindian News, 25 October, at: www.thaindian.com/newsportal/business/rwanda-ties-up-with-three-indian-industry-associations_100449700. html (accessed 2 December 2010).
Indo-Asian News Service (2010b) ‘Indian Firm to Invest $250 mn in Knowledge, Food Processing Hubs in East Africa’, Thaindian News, 18 December, at:www.thaindian.com/newsportal/business/indian-firm-to-invest-250-mn-in-knowledge-food- processing-hubs-in-east-africa_100475730.html (accessed 17 December 2010).
Kagame, P. (2009) ‘Why Africa Welcomes the Chinese’, The Guardian, 2 November, at: www.guardian.co.uk/commentisfree/2009/nov/02/aid-trade- rwanda-china-west (accessed 29 November 2010).
Kariuki, J.G., F.S. Parde, V. Byusa and E.K. Ogunleye (2009) Looking East: China-Africa Engagements - Rwanda Country Case Study (Kigali: African Centre for Economic Transformation).
Karuhanga, J. (2009) ‘Kagame Speaks on Changing Global Political Economy’, The New Times, 21 January, at: http://allafrica.com/stories/200901210084.html (accessed 15 November 2010).
Kumar, K. (1982) ‘Third World Multinationals: A Growing Force in International Relations’, International Studies Quarterly, 26 (3), 397–424.
Marketos, T.N. (2009) China’s Energy Geopolitics: The Shanghai Cooperation Organization and Central Asia (New York: Routledge).
McKenzie, D. (2011) ‘Exploding Lake Could Power Economic “Revolution”’, CNN, 4 May, at: http://edition.cnn.com/2011/BUSINESS/05/04/rwanda.kivu. exploding.methane/index.html (accessed 14 June 2011).
Mitra, D. (2010) ‘India Is an Inspiration: Rwandan Minister’, Thaindian News, 25 October, at: www.thaindian.com/newsportal/business/india-is-an-incspiration- rwandan-minister_100449309.html (accessed 2 December 2010).
Musoni, E. (2009) ‘Oil Exploration Takes New Shape’, The New Times, 2 February, at: www.newtimes.co.rw/index.php?issue=13794&article=12981 (accessed 15 June 2011).
Musoni, E. (2011) ‘India Tour a Success - Premier Makuza’, The New Times, 18 January, at: http://allafrica.com/stories/201101180176.html (accessed 14 June 2011).
Ngarambe, A. (2011) ‘Stakeholders Call for More Investors in Methane Extraction’, The New Times, 10 February, at: http://allafrica.com/stories/201102100144. html (accessed 13 June 2011).
Paul, K. and R. Barbato (1985) ‘The Multinational Corporation in the Less Developed Country: The Economic Development Model Versus the North-South Model’, The Academy of Management Review, 10 (1), 8–14.
Pal, P. (2008) ‘Surge in Indian Outbound FDI to Africa: An Emerging Pattern in Globalization’, paper presented at the ‘Global Studies Conference’ at the University of Illinois, Chicago, USA, 1–15, 16–18 May, at: www.iimcal.ac.in/research/download/OFDI_Partha-pal.pdf (accessed 2 December 2010).
Pham, J.P. (2007) ‘The Indian Tiger’s African Safari’, World Defence Review, 18 July, at: www.defenddemocracy.org/index.php?option=com_content&task=view&id =11780078&Itemid=0Date (accessed 3 December 2010).
Reuters (2009) ‘China Praises Rwanda’s Investment Potential’, 29 October, at: www.defenceweb.co.za/index.php?option=com_content&task=view&id=4931& Itemid=282 (accessed 29 November 2010).
Rice, X. (2006) ‘Poverty-stricken Rwanda Puts its Faith and Future into the Wide Wired World’, The Guardian, 1 August, at: www.guardian.co.uk/world/2006/aug/01/mobilephones.rwanda (accessed 1 December 2010).
Rocha, J. (2006) ‘Managing Natural Resource Wealth: African Strategies for China’, in L. Wild and D. Mepham (eds), The New Sinosphere: China in Africa (London: Institute of Public Policy Research).
Rwanda Development Board Website, at: www.rdb.rw/download/2010%20 INDIA%20INVESTMENT%20ROAD%20SHOW.pdf (accessed 2 December 2010).
Rwandan Embassy in India Website, at: http://india.embassy.gov.rw/index. php?option=com_content&task=blogcategory&id=23&Itemid=63 (accessed 25 November 2010).
Rwanda News Agency (2010a) ‘Infant Film Industry Sees Becoming Like Indian “Bollywood”’, 14 October, at: www.rnanews.com/archives/4338-infant-film- industry-sees-becoming-like-indian-bollywood (accessed 5 December 2010).
Rwanda News Agency (2010b) ‘India-Rwanda Sign an Accord on Medicine Development’, 12 November, at: www.rnanews.com/economy/4462-india- rwanda-sign-accord-on-medicine-development (accessed 2 December 2010).
Tolentino, P.E. (1993) Technological Innovation and Third World Multinationals (London and New York: Routledge).
Twahirwa, G.K. (2009) ‘Rwanda: Mineral Wealth to Improve Country’s GDP’, The New Times, 6 December, at: http://allafrica.com/stories/200912070638. html (accessed 27 November 2010).
Van Dijk, M.P. (2007) ‘“The Role of China in Africa” in Particular Chinese Foreign Direct Investment’, paper presented at AEGIS European Conference on African Studies for Panel 76, The Role of China and India in Africa, 10 July, 1–12, at: http://ecas2007.aegis-eu.org/commence/user/view_file_forall. php?fileid=908 (accessed 2 December 2010).
Vltchek, A. (2010). ‘Impact Goes Far Beyond Roads in E Africa’, China Daily, 26 October, at: www.chinadaily.com.cn/world/2010–10/26/content_11457277. htm (accessed 30 November 2010).
World Investment Report (2006) ‘FDI from Developing and Transition Economies: Implications for Development’, United Nations Conference on Trade and Development, New York and Geneva, at: www.unctad.org/en/docs/wir2006_en.pdf (accessed 23 November 2010).
Editor information
Editors and Affiliations
Copyright information
© 2012 Kamakshi Nanda
About this chapter
Cite this chapter
Nanda, K. (2012). New ‘Friends’ of Rwanda—Chinese Noodles and Indian Curry: An Analysis of Asian Giants’ Forays into Rwanda in the Light of Theories on OFDI. In: Campioni, M., Noack, P. (eds) Rwanda Fast Forward. Palgrave Macmillan, London. https://doi.org/10.1057/9781137265159_10
Download citation
DOI: https://doi.org/10.1057/9781137265159_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-34778-0
Online ISBN: 978-1-137-26515-9
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)