Japan and China both pursue aid-for-trade strategy but in very different ways as they seek to build influence.
With its many growing economies, large market size and resource richness, Africa is attracting Asian powers that are linking aid to trade and investment, resulting in greater Asian economic influence over a continent long dominated by western players.
China is the main player in the “Rise of the South”, combining development and economic engagement with Africa. However, Japan has been the Asian pioneer in addressing inequality and poverty through the Tokyo International Conference on African Development (TICAD).
“Some countries see the growth potential of certain African countries and just boost their economic engagement. We in Japan have been working side by side with African partners for two decades already,” said Toshiya Hoshino of Osaka University’s School of International Public Policy.
Source: Bangkok Post