With their phenomenal growth rates, India and China are surging
ahead as world economic powers. Due to increasing instability in
the Middle East, they have turned to Africa to procure oil to fuel
their industrialisation process. Africa's economy stands to be
impacted in various ways due to the increasing interaction with
these `Asian Giants'. This book analyses the acquisition of oil
blocks by Indian and Chinese oil corporations in eleven West
African countries. It describes the differences in how India and
China mobilise oil externally to meet their respective goals and
objectives. The book examines the rate of return on capital, rate
of interest on loans and the ease of availability of loans, the
difference in the level of technology and ability to acquire
technology, project management skills, risk aversion, valuation of
the asset and the difference in the economic, political and
diplomatic support received by the Chinese and Indian oil companies
from their respective governments. It is argued that the difference
in the relative economic and political power of India and China
accounts for the ability of Chinese oil companies to outbid their
Indian competitors and/or be preferred as partners by international
oil companies. Containing interviews from Indian and Chinese oil
company executives, government officials, industry officials,
former diplomats and scholars and academics from India, China and
the UK, this book makes a valuable contribution to existing
literature on India, China and the oil industry in West Africa. It
will be a valuable resource for academics in the field of
International Relations, Foreign Policy Analysis, Asian Business
|Country of origin:
||Routledge Studies in the Growth Economies of Asia
||18 November 2016
Raj Kumar Verma
||Electronic book text
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