India and China in Africa

Taylor & Francis

India and China in AfricaA comparative perspective of the oil industry\nAuthor(s): Raj Verma\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367025397, 978-0367025397\nSynopsis\nWith their phenomenal growth rates, India and China are surging ahead as world economic powers. Due to increasing instability in the Middle East, they have turned to Africa to procure oil to fuel their industrialisation process. Africas economy stands to be impacted in various ways due to the increasing interaction with these Asian Giants. \n\nThis book analyses the acquisition of oil blocks by Indian and Chinese oil corporations in eleven West African countries. It describes the differences in how India and China mobilise oil externally to meet their respective goals and objectives. The book examines the rate of return on capital, rate of interest on loans and the ease of availability of loans, the difference in the level of technology and ability to .