In the present global scenario, many emerging countries are showing an increasing interest in the growth and development of African region. This is because of the existing potential and opportunities and a rising trend in GDP of African region i.e. at the rate of 5.1 per cent which is well above the global growth rate of GDP that stood at 2.9 per cent. These trends have been resulted into an appreciable growth in African global exports which witnessed a rise of 12.9 per cent as compared to increase in global exports rate of 8.9 per cent. Keeping these rising trends, the two most vital emerging economic powers namely- China (3rd biggest economy) and India (11th largest economy) have come forward to enhance their economic partnership/economic relations with African region in the form of trade, investment and official development assistance. The paper attempts to carve out the role of the two “Asian Economic Giants” within the continent with respect to Foreign Direct Investment (FDI), Trade and Official Development Assistance (ODA) in the process of development of African region.
President Trump’s Declarations on Official Development Assistance: A Change of Policy?
