Jurnal Hubungan Internasional
Vol. 16 No. 2 (2023): JURNAL HUBUNGAN INTERNASIONAL

Chinese Loan to Africa in the lens of Pragmatism Economics

Widjanarko, Yeremia Nicolaus (Unknown)



Article Info

Publish Date
25 Nov 2023

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

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Journal Info

Abbrev

JHI

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Other

Description

Jurnal Hubungan Internasional is a scientific journal published twice a year, every June and December. JHI invite discussions, reviews, and analysis of contemporary against four main themes: international peace and security; international political economy; international businesses and organization; ...