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All Journal Jurnal Hubungan Internasional JIET (Jurnal Ilmu Ekonomi Terapan)
Widjanarko, Yeremia Nicolaus
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Journal : Jurnal Hubungan Internasional

 1 
Chinese Loan to Africa in the lens of Pragmatism Economics Widjanarko, Yeremia Nicolaus
Jurnal Hubungan Internasional Vol. 16 No. 2 (2023): JURNAL HUBUNGAN INTERNASIONAL
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jhi.v16i2.50644

Abstract

This paper examined the reasons behind China's decision to provide loans to African states, a group that had been traditionally been considered not creditworthy by MDBs. Utilizing a descriptive-explorative research method, primary to secondary data ranged from 1999 to 2022, and the framework of economic pragmatism, this paper analyzed and found some pragmatic implications. The findings concluded that China's lending strategy was mostly motivated by a pragmatic approach aimed at gaining early access to African markets, securing vital natural resources, assisting Chinese corporations, and creating economic dependence. China's loans were used to fund infrastructure projects, reducing logistics costs for Chinese businesses and diversifying foreign exchange reserves. This paper posited that China's policy was driven by empirical facts, adaptiveness to global economic conditions, and a focus on concrete economic benefits, such as increasing imports from China and gaining access to natural resources. Therefore, this paper describes China's efforts to strengthen its influence and obtain tangible economic advantages through its lending practices in Africa   Keywords: Africa, China, Development Loan, Economic Gains, Political-Economy
The Impact of Monetary Connectivity: From Single Currency to Economic Growth Widjanarko, Yeremia Nicolaus
Jurnal Hubungan Internasional Vol. 17 No. 2 (2024): JURNAL HUBUNGAN INTERNASIONAL
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jhi.v17i2.52017

Abstract

This research investigated the impact of the adoption of the Euro as a single currency in the European region (Eurozone) on transaction costs, consumption, investment, and economic growth. By combining monetary transmission theory, empirical data analysis, and case studies, this research revealed mechanisms that linked the single currency to increased economic activity and growth in the Eurozone. The results showed that the elimination of currency conversion costs, exchange rate uncertainties, and foreign currency risks had reduced transaction costs, encouraged cross-border trade, investment, and economic integration. The increase in transaction volume and value reflected an increase in household consumption, which in turn drove production, innovation, and further investment. The stability and confidence created by the European Central Bank and positive market expectations had contributed to sustained economic growth, as reflected in trend of the Eurozone’s gross domestic product (GDP). This research highlighted the transformative role of single currency system in promoting prosperity and economic stability across all member states. Keywords: Economic Growth, Euro, Eurozone, Monetary Connectivity, Monetary Transmission.
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