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Palgrave Macmillan

Economic Recovery in Africa

The Paradox of Financial Flows

  • Book
  • © 2002

Overview

Authors:
  1. Vijay S. Makhan
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Part of the book series: International Political Economy Series (IPES)

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-xviii
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  2. Introduction

    • Vijay S. Makhan
    Pages 1-7

  3. A Survey of Africa’s Economic Performance in the Post-Independence Period

    • Vijay S. Makhan
    Pages 8-34

  4. The Paradox of Financial Flows

    • Vijay S. Makhan
    Pages 35-60

  5. New Priorities for Foreign Aid

    • Vijay S. Makhan
    Pages 61-76

  6. New Perspectives on Aid Delivery and Development Management

    • Vijay S. Makhan
    Pages 77-87

  7. Conclusion

    • Vijay S. Makhan
    Pages 88-102

  8. Back Matter

    Pages 103-261
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Keywords

About this book

African countries have experienced modest economic recovery during the 1990s. But these countries are caught in a vicious circle in which the existing economic structure cannot generate enough savings and export earnings needed to finance their development and mount a sustained assault on widespread poverty. Yet foreign aid has been cut back sharply and the continent receives only a trickle of foreign investment flows. New policy regimes are now in place, creating the right environment for external financing to make a major difference. Development finance is one of the foremost challenges facing African countries and the international community in the new century.

About the author

Ambassador VIJAY S. MAKHAN is a career diplomat of Mauritius. He was Secretary for Foreign Affairs of his country up to 1995 when he was elected Assistant Secretary General of the OAU. He was re-elected in July 1999. Besides a number of papers, he has authored Policy Consensus Strategy Vacuum, A Pan-African Vision for the Twenty-first Century.

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