IMPACT OF THE CHINA COMPANIES DEVELOPMENTAL WORKS IN TANZANIA WITH SPECIAL REFERENCE TO DAR ES SALAAM AND ITS PROS AND CONS
International Journal of Computer Science (IJCS) Published by SK Research Group of Companies (SKRGC)
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Abstract
China rise as a global economic power house continues to generate interest, concerns and attention of a variety of stakeholders, ranging from the academic, policy-makers, politicians, media, to investors. China’s unprecedented and sustained economic growth, since the reforms of the 1980s, has leapfrogged to become a key player in the global economy in the early twenty first century. Indeed, China’s GDP has grown at over 9 percent per annum over the past two decades and a half. It is predicted that China will become the largest economy in the world by 2020, thus overtaking the GDP of USA. The main drivers of China’s economic growth is; high-skilled, relatively cheap and disciplined quality and abundant human capital, a set of effectively functioning market institutions, a high rate of capital accumulation, high absorption capacity of technology, coupled with the culture of savings, hard work and modesty. These drivers in turn have made it possible for the country to attract massive foreign investment. Economic Growth: Chinese investment has contributed to Tanzania’s economic growth Infrastructure Development Projects like the Central Railway Line rehabilitation have improved connectivity and transportation and in construction Agriculture is the main production and agri based industries are the aftermath of the China and Tanzania relationship.
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Keywords
China, Development Works, Pros and Cons.
