This article evaluates the competitiveness of China's resource-for-infrastructure (R4I) investment contracts in Africa and determines whether, if at all, they benefit African countries more than traditional mining investment contracts. Seeking an appropriate contractual response to China's...

In this article we depart from the classic model of foreign direct investment (FDI) determinants and examine the effect of socio-historical factors on FDI. We argue that past foreign aid projects confer social capital that constitutes specific resources available to investors in the present,...

China's increased trade with and investment in Africa have boosted the continent's economic growth but have also generated considerable controversy. In this paper we investigate China's outward direct investment ODI in Africa using macro and micro data. The aggregate data on China's ODI in...