Use of aid for economic development Flashcards

1
Q

Myanmar

A
  • total = $14 billion, $4 billion in energy sector
  • building of oil and gas pipelines for new import route for China (doesn’t have to rely on Malacca strait, while currently provides 80% of all its oil and gas)
  • Chinese section began construction Sep. 2010 by CNPC
  • human rights abuses accusations: forced labour, jailing residents who oppose plans, forced evictions
  • violent protests against the development November 2012
  • “The Chinese come here for their own benefit and then leave us with only small things” NYT
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2
Q

Vietnam

A
  • total $3.4 billion in 2004
  • $1.6 billion went to the funding of a bauxite (used for aluminium production) mine (Vietnam has third highest reserves)
  • in return Chinese company Chalco got rights to the building of the 1st processing plant at the site
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3
Q

Cambodia

A
  • 1992 - 2010 invested $9.7 billion
  • Sep. 2012 secured $500 million loan for infrastructure projects, approved industrial park worth $2 billion, will produce 3 million tonnes of steel a year and employ 10,000, total $2.5 billion
  • May 2010 provided $14 million worth of military equipment
  • in return, Cambodia used its postition as Chair to stop the development of a “code of conduct” in the South China Sea ASEAN’s 45th Joint Communique on July 13, 2012`
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4
Q

2009

A

2009 gave $39 million to Laos, Burma Cambodia, poorest states

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