| The idea of this study comes from necessitate to contribute to the better understanding of the China-Liberia economic cooperation.Chinese companies are highly involved in the development and investment in Liberia.They represent greater share projects being implemented.The main of focus this study is to analyze how the Chinese involvement impacts the social-economic development Liberia.To answer these questions,we can formulate some hypothesis for this research: Chinese investment in Liberia is increasing on a yearly basis.Their participation to the Liberian economic arena is more noticeable compare to the western traditional companies.Liberia's economic development is both gaining and losing from China increased involvements.Chapter one consist of the general introduction,highlighting the background of the China-Liberia relation,the significance of the study,the research hypothesis.Liberia and China have deepened their economic relation through the signature of agreement for Economic and Commercial cooperation since(2006)after the resuming diplomatic ties.At the moment,China is the first commercial partner of Liberia while Liberia is an important recipient of China financial aid.Essentially,this cooperation is focused on investments and economy development projects because Liberia substantial natural resources and developmental needs.China can offer technical and financial support for the construction of infrastructures and the exploitation of resources.Chinese investment in Liberia is increasing on a yearly basis.Chapter Two cover the Theoretical framework.The section lays a base to the scientific standing of this study.The research is mainly conducted by analyzing data on Chinese investment and developmental projects through International Economic Relations theories such as Neoliberalism,Modernization theory,and Dependence theory.Firstly,Joseph Nye and Robert Keohane show the existing globalization as a complex of interdependence where cooperation is irreversible.Secondly,Development economist like Rostow,Lewis Chenery had presently dome scholars criticize economic cooperation as continuation of a dependent relation that will maintain poor countries in uninterrupted underdevelopment.In theory,infrastructural development helps to produce higher economic and social returns and ensure the long term impact for the most vulnerable groups.Liberia is having an important economy and developmental deficit that depressingly impact its corporate efficiency.Therefore,there is a need of sustainable investment in Liberia in order to increase the competitiveness of its economy and lesser the opportunity cost.Chapter three focuses on the Chinese investment and the developmental projects in Liberia it shows the level of investment in the lives of the Liberian people.The investment projects are ranged mainly on the mining industries,agriculture,and forestry.Moreover,infrastructural project include the construction of highways,sport complex,ministerial complex and hospitals.The framework of this paper,an analysis was done on the general perception of Chinese infrastructural project among companies in my country.The analysis show that most Chinese investment is in the area of Agriculture,forestry,mining and other natural resources.My analysis,in the research finding shows that Chinese companies are presenting good record on the realization of developmental project in Liberia.Chinese companies are involved in almost 70% of Liberian's official structuring project,the construction of the Samuel K.Doe sport complex,Jackson F.Doe medical hospital and the construction of roads in various parts of the Republic of Liberia.Chinese companies has remarkably illustrated a high level of technical and financial assistance while others bidding selection of Chinese companies was done under the financial support of the world Bank,African Development,the Asian Development Bank and European investment Bank.Chapter Four embark on the impact of these investment and economy development projects on the socioeconomic status of Liberia.It seeks to understand how this economy has impacted the lives of Liberians.Chinese investment and economy development project in Liberia are having positive impact on the socioeconomic situation of country.Citizens of Liberia have measure the economic development of Liberia through tangible projects.This is promising,thanks to the reasonable Chinese technical expertise and improving living condition of the population.Between 2003 – 2009,China foreign direct investment in Liberia is estimated at about 3.67 billion.However,there are limitations that need to be addressed in order to improve the efficacy of project and lead to a mutual sustainable China-Liberia.These include the interaction and engagement with local community,social compliance,poor working condition and not very strong local employee's integration,as well as opaqueness and government problems.I also look at how the People's Republic of China has imparted the African continent,the levels of investment and developmental projects that has taking place in Africa.China has invested billions of dollars on import and export on the African continent but there have been so many limitations in almost all the African countries.For the limitation according to sustainable Development Institute(SDI)36.5% of the respondents see difficulties in the communication and interaction with local community as the main problem that Chinese companies encounter in Liberia.Moreover,Chinese workers are not very familiar with local culture and customs due to the very limited interaction with local communalities.This situation can lead to some misperception and misunderstanding.Another limitation is that Chinese companies and the government should scare corruption and mismanagement of funds allocated to projects.Government agencies should be more transparent by providing official data on the Chinese funding project execution.Chapter five comprise of some recommendation and conclusion on the economic cooperation between the Republic of Liberia and the People's Republic of China.In these recommendations,Chinese companies ought to enhance communication with local communities through dialogue.Consequently,leading to a quality and lasting cooperation between Liberia and China.In this regards,there is a need for the technological growth and engagement with the local entrepreneurs.To end with,Liberia should improve its economic governance and transparency in order to accomplish the core goals of its cooperation with China and get effective result. |
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