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China’s influence on Ethiopia

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China’s influence on Ethiopia

China’s influence on Ethiopia has shown how it can shape a country considered as an underdeveloped country. As mentioned in the very beginning, even though access to essential data about both countries is missing, the evolvement of Ethiopia within the previous years display the signs of progress being made.\\ Before China’s approach and engagement in crucial sectors contributing to Ethiopia’s economic condition, the country had to recover from several civil wars resulting in losing lots of workforces.\\ Ethiopia’s economy may not rise of western nations, but as we have seen from their potential in a steady increase of GDP and GDP per capita income is attainable according to the results and corresponding literature. By China’s influence, economic advances are accomplished, improving Ethiopia’s current situation by reducing poverty, increasing employment, and fostering cross-border activities.\\ These accomplishments are all linked with substantial Chinese foreign direct investments that are in favor of the threshold country, Ethiopia. Analog to the established projects and expansion of markets, new jobs have been created, and Ethiopian people have several opportunities to educate themselves with China’s supportive approach. Referring to the first hypothesis and used methods to analyze it, China has undoubtedly contributed to the Sub-Saharan country by advancing the country’s economy. With the help of special economic zones, Ethiopia positions itself as an anchor for further cross-border activities, including neighboring countries, even realizing a broad range of outside the country’s subpurchasers. In the future, Ethiopia must not be complacent and solely dependent on China for economic and infrastructural development. The partnership for both Ethiopia and China is fruitful.\\ About the diverse perspectives of countries, the West has made up their points in terms of high debt level and the fact of how Ethiopia is going to square debts. However, most investments start deep in the red with the real goal to emulate and foster businesses hence to redeem shortly. China managed to open up new sales markets, where the divergence of opinions does occur after the literature comparison of diverse countries. People might argue about ethical issues in terms of working conditions.\\ Nevertheless, the Ethiopian perspective showed our bilateral agreement between the affected country and the responsible country could evolve. Retaining young educated Ethiopia in the state after their education so that they can provide the necessary skilled service the country needs to be competitive. The strategies and methods used by the Chinese, it does reach the Ethiopians, thus evolving to an anchor in the Sub-Saharan region. Despite the limitations, which used to constraint the development of manufacturing, the creation of jobs and an increase in exports, Ethiopia managed to improve its economic status over the years.\\ The broad implication of the present research implies that China makes Ethiopia competitive by attracting other nations in other sectors. A diverse portfolio of countries that they will partner with for existing and upcoming projects.\\ Overall, all results demonstrate a strong effect of Ethiopia being on the right path. Their economy is considered more advanced, after the Chinese approach and business activities, compared to many other East African economies.\\ At some point down the line, the country must focus on developing itself rather than committing its economic and social future in the hands of China. Ethiopia has used its partnership with China as a starting point and is slowly working to be independent.

 

 

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