Contrary to expectations, recent natural disasters in Japan have not affected the pattern of trade and investment between Japan and Africa. The possibility still exists that Japan’s firm commitment through TICADTokyo International Conference on Africa Development (TICAD) can be realized in earnest. In this regard, critical ideas will be considered in the chapter. Firstly, diversification is important from both sides. More countries should have the opportunity to trade with and receive investment from Japan. In addition to resources, more industry sectors should be involved in FDIForeign Direct Investment (FDI). One of the most important conditions that can lead to success is a new mindset for African leaders. Africa is now regarded as an attractive investment and trade destination, but FDIForeign Direct Investment (FDI) does not flow into a country that has not been equipped with favorable conditions for the private sector. As TICADTokyo International Conference on Africa Development (TICAD) originally articulated, it is important for Africa to take ownership of the situation. It is time to set the right direction for development and carve out a meaningful path for capital inflows. Following this, African countries can then expect genuine ‘partnerships’ through the TICADTokyo International Conference on Africa Development (TICAD) mechanism and Japanese involvement that will bring about tangible outcomes.

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Japan and Africa: The Role of TICAD

  • Donald P. Chimanikire

摘要

Contrary to expectations, recent natural disasters in Japan have not affected the pattern of trade and investment between Japan and Africa. The possibility still exists that Japan’s firm commitment through TICADTokyo International Conference on Africa Development (TICAD) can be realized in earnest. In this regard, critical ideas will be considered in the chapter. Firstly, diversification is important from both sides. More countries should have the opportunity to trade with and receive investment from Japan. In addition to resources, more industry sectors should be involved in FDIForeign Direct Investment (FDI). One of the most important conditions that can lead to success is a new mindset for African leaders. Africa is now regarded as an attractive investment and trade destination, but FDIForeign Direct Investment (FDI) does not flow into a country that has not been equipped with favorable conditions for the private sector. As TICADTokyo International Conference on Africa Development (TICAD) originally articulated, it is important for Africa to take ownership of the situation. It is time to set the right direction for development and carve out a meaningful path for capital inflows. Following this, African countries can then expect genuine ‘partnerships’ through the TICADTokyo International Conference on Africa Development (TICAD) mechanism and Japanese involvement that will bring about tangible outcomes.