| Issue - 2023 | Page No - 28 |
| Africa: A Story of Modern-Day Colonialism | |
| Dr Sarvsureshth Dhammi | |
| Abstract : | |
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Africa no longer bows to the West and its formal colonial powers. With the change in the global world order, more about the continent is now aligned politically and economically with the new world order driven by cheap and interest free loans by the China. To buy the allies Beijing has pumped huge amount of money into the African continent. China is providing low interest loans for number of infrastructure projects in terms of financial assistances. Although, this co-operation and engagement has many significances and these loans are not coming free of cost. Due to the absence of regional market and industries, these loans started suffocating African countries and allowed Beijing's indirect interference in regional political and economic system. It helped China to mobilising its policy of expansionism for “Great Rejuvenation” and “Chinese Dream” more aggressively. The study analyses unprecedented political and economic crises in Africa due to the Chinese “Debt Trap” policy in the context of modern-day colonialism. Within this context the article also proposes options for Africa continent issues.
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