THE ECONOMIC EFFECT OF SUPERPOWERS RIVALRY ON THE ECONOMY OF SUDAN Cover Image

THE ECONOMIC EFFECT OF SUPERPOWERS RIVALRY ON THE ECONOMY OF SUDAN
THE ECONOMIC EFFECT OF SUPERPOWERS RIVALRY ON THE ECONOMY OF SUDAN

Author(s): Jokparoghene Ojachiere, Vincent E. Efebeh
Subject(s): Economy, National Economy, Supranational / Global Economy
Published by: Editura Tehnopress
Keywords: Superpowers rivalry; Sudan economy; diversification; sustainability; foreign investment; China; Russia; United States; Belt and Road Initiative;

Summary/Abstract: This study explores the economic effects of superpowers rivalry on Sudan, with a focus on the country's efforts to diversify its economy and achieve long-term sustainability. Through qualitative research, this paper examines how the geopolitical competition among global powers—namely China, the United States, and Russia—has shaped Sudan's economic policies, investment patterns, and development strategies. The rivalry has had a dual impact: on one hand, it has provided Sudan with opportunities for infrastructural development and foreign investment, particularly in the oil and mining sectors; on the other hand, it has reinforced the country's dependency on these resource-based industries, limiting its ability to diversify into other sectors like agriculture and manufacturing. The study also discusses how these foreign investments, especially from China’s Belt and Road Initiative and Russia’s mining sector involvement, have affected Sudan's long-term sustainability. Environmental concerns, fiscal stability, and the implications of foreign debt are also examined as key factors influencing the sustainability of Sudan’s economic growth. The research findings suggest that while superpowers' investments contribute to short-term economic growth, they also hinder sustainable diversification and leave Sudan vulnerable to external economic shocks. The study recommends strategic policy adjustments to leverage superpower rivalry for long-term economic stability, with a stronger emphasis on governance reforms, sectoral diversification, and environmental sustainability.

  • Issue Year: 2024
  • Issue No: 33
  • Page Range: 285-295
  • Page Count: 11
  • Language: English
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