Foreign Capital Flows and Economic Development in Africa

By: Evelyn Wamboye and Esubalew Alehegn Tiruneh

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Synopsis: This collection examines the extent to which foreign capital from conventional (OECD countries) and non-conventional (BRICS) sources has impacted economic development in Africa over the last two decades. It provides in-depth analyses of the nature, motives, and implications of this capital, and identifies drivers of contemporary rapid growth within and across African countries. Authored by leading experts, the book offers original insights for academics, policymakers, and practitioners studying the changes taking place in Africa as the continent strides more confidently toward integration with the global economy. The major themes addressed in this book include: * The implications of growing Chinese engagement in Africa * BRICS countries' versus OECD countries' investment contributions to Africa * The politics of land, land grab, and the puzzle of inclusive development in Africa * Foreign research and development spillovers, trade linkages, and productivity in Africa * Foreign aid effects on social sector, growth, and structural change in Africa * Remittances, foreign debt, resource management, and economic development in Africa