Africa‟s Cooperation with New and Emerging Development Partners: Options for Africa‟s Development

1. Emerging economies are making a rapid entry into Africa. The speed and significance of this entry means that they provide many opportunities for African economies; but, at the same time, their growing presence poses risks to Africa s future growth. 2. The presence of emerging economies in Africa may promote both complementary win-win, and competitive win-lose outcomes. At the same time, some of the impacts of interaction may be direct and visible, reflected in bilateral relationships, whilst others may be indirect and less visible (for example, competition in third-country markets, or competition for scarce global resources). 3. The primary vectors of interaction between Africa and the emerging economies are aid, trade and foreign direct investment (FDI). In recent decades, northern economies have increasingly separated-out interactions in these three vectors – aid has been untied, and clearly distinguished from investment, and aid and trade have only loosely been associated with trade. The analysis of the links between Africa and seven key emerging economies