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Growth without wellbeing brings no lasting progress, Business Day 06.10.2015

by Lorenzo Fioramonti, GovInn director

Lorenzo Fioramonti

Lorenzo Fioramonti

THE world economic outlook is pretty grim. Not only have we not come out of the 2008 crisis, but the deceleration of the Chinese “powerhouse” is now threatening to sink the global economy into a prolonged double-dip recession that may last for decades.

The Chinese debacle, just like the one in the US that started the global downturn, has been caused by the obsession with economic growth. Both bubbles overheated in the decades preceding the burst, fuelled by huge spending through the accumulation of debt. This madness was celebrated by mainstream economists, analysts, global institutions and influential media as a sign of progress: it was the golden age of growth.

It was a fake and some of us have been saying that all along. Not only did the global economy accumulate unprecedented debt, but it did so at a huge cost to society and the environment. The social debt is evident in the rise of inequality globally and within countries. Extreme inequality in the US is well documented and China is catching up. The most recent surveys of income distribution indicate that China is among the most unequal societies in the world. Moreover, the Chinese leadership fears that the social debt will soon trigger unrest.

Read the full article on Business Day: “Growth without wellbeing brings no lasting progress”

Rethinking development seminar: Chinese Agricultural Investment in Africa

Rethinking Development Seminar Series

Chinese Agricultural Investment in Africa: Actors, Modalities and Assessment
27 January 2015

SPEAKER: Lu Jiang, London School of Economics and Political Science

Rethinking development Seminar 27 January 2015Against the backdrop of the high-profile “reencounter and reunion” of China and Africa since the new millennium, agriculture has been one of the most important cooperation fields between the two sides.
Different from its earlier, mostly aid-featured engagement with African agriculture in the 20th century, the Chinese government began to actively encourage and support Chinese companies to invest in the agricultural sector on the continent. The speaker will look back on the past decade’s practice of Chinese agricultural investment on the ground, examine the different actors and modalities involved in this process, and give an initial assessment as to the results and implications of the Chinese state-led agricultural investment policy in Africa in the new era.
Lu Jiang is a PhD candidate in International Relations at the London School of Economics and Political Science (LSE). She got her master’s and bachelor’s degrees from Fudan University in Shanghai, China. Her research interests revolve around China’s foreign policy and particularly Chinese foreign relations with Africa. Her master thesis was about China’s oil engagement in Sudan. She is now working on Chinese agricultural aid and investment in Africa with a special focus on the case of Mozambique.

Date: 27 January, 2015
Time: 12.30-13.30
Venue: Room L1-64 in the Graduate Centre, Hatfield Campus
RSVP and enquiries: thinah.moyo@up.ac.za

Download the invitation in pdf