AAAD 101 Lecture Notes - Lecture 6: Import Substitution Industrialization, International Development Association

• School: UNC
• Department: African, African American, and Diaspora Studies
• Course: AAAD 101
• Professor: Bereket Selassie

Document Summary

Sold goods over which they had no control. Bought goods over which price they had control. Africans met to decide on ways of resolving this issue. ***2 sources of finances for african development: bilateral sources. Agreements bw individual african countries and individual outside countries: multilateral sources. Profit from interest rate went to ida too. Source: ida replenishment money from us, br, gr and ibrd porfit. Gr and fr and us (developed nations) provided. Has invaded africa, replacing eu in many areas as investor and trade partner. To get access to energy resources(mines and minerals) 50 years of guaranteed chinese devpt, rr, roads, etc.