The Dragon’s Footprints: China’s Oil Diplomacy and its Impacts on Sustainable Development Policy in Ecuador and Ghana
AbstractAs China continues to invest heavily and strategically in oil fields around the world, the dilemma for developing economies has been juxtaposing the benefits from these investments with the varying environmental and societal costs. As these investments grow in particular countries they impact and shape various policies and development approaches. In fact, the outcomes in the oil industry which have been largely eclipsed by daily policy choices such as opting to expand extraction into the Amazon Basin or increasing production in the Atlantic Ocean to meet growing expectations and investor demands, also influence social mobilization.[A1] This paper comparatively draws on the case studies of Ecuador and Ghana to examine the pressures of China within the global economy of oil extraction.