ASIA–AFRICA INVESTMENT COOPERATION MODELS: THE FACTORS OF SUCCESSFUL IMPLEMENTATION
Abstract
The article deals with the diversification of Asian leading countries’ economic relations with African states through the transition from traditional export-import cooperation to an investment interaction model (Chinese approach). The so-called traditional trade model of long-term economic cooperation with developing countries (which is still being actively used today, for example, in Thailand), has largely exhausted itself and has nearly fully lost its initially objective advantages. Implementation of a model of long-term economic cooperation between Asia and African countries based on the intensification of foreign direct investment (FDI) exchanges has confirmed there might be more productive ways to use the basic elements of a qualitatively innovative concept of foreign economic and monetary cooperation. The paper has also confirmed that deepening cooperation between Asian and African countries based on the FDI exchange along with further diversification of their forms and areas of application will be able to significantly intensify foreign trade between these two regions and activate many other types of foreign exchange and activities for Asian corporations interested in Africa The key aspects of such potential cooperation may include: industrial cooperation, subcontracting, technology transfer and mutual licensing.