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  • © 2017

Foreign Capital Flows and Economic Development in Africa

The Impact of BRICS versus OECD

Palgrave Macmillan
  • Explores the influence of BRICS countries' capital in Africa
  • Compares the effectiveness of OECD and BRICS countries' investments and aid in Africa
  • Identifies factors that determine foreign capital impact in Africa

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Table of contents (21 chapters)

  1. Front Matter

    Pages i-xxvi
  2. Introduction

    1. Front Matter

      Pages 1-1
    2. Exploring the Nature, Motives, and Implications of Foreign Capital in Africa

      • Evelyn Wamboye, Esubalew Alehegn Tiruneh
      Pages 3-26
  3. Chinese Growing Engagement in Africa: Motives and Implications

    1. Front Matter

      Pages 27-27
    2. The Impact of China and South Africa in Urban Africa

      • Pádraig Carmody, James T. Murphy
      Pages 29-49
  4. Understanding BRICS’ versus OECD Countries’ Investment in Africa

    1. Front Matter

      Pages 95-95
    2. Foreign Direct Investment and Structural Change in Africa: Does Origin of Investors Matter?

      • Vito Amendolagine, Nicola D. Coniglio, Adnan Seric
      Pages 97-125
    3. BRICS versus G7 Countries’ Direct Investment Impact in Africa

      • Kenechukwu Ezemenari, Esubalew Alehegn Tiruneh, Evelyn Wamboye
      Pages 127-145
    4. BRIC versus OECD Foreign Direct Investment Impact on Development in Africa

      • Samuel Adams, Eric Evans Osei Opoku
      Pages 147-161
  5. The Politics of Land, Land Grab, and the Development Puzzle

    1. Front Matter

      Pages 191-191
  6. International R&D Spillovers, Trade Linkages, and Economic Development in Africa

    1. Front Matter

      Pages 247-247
    2. International R&D Spillovers and Labor Productivity in Africa

      • Esubalew Alehegn Tiruneh, Evelyn Wamboye, David O’Brien
      Pages 249-270

About this book

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


Editors and Affiliations

  • Pennsylvania State University, DuBois, PA, USA

    Evelyn Wamboye

  • Birmingham-Southern College, Birmingham, USA

    Esubalew Alehegn Tiruneh

About the editors

Evelyn Wamboye is Associate Professor of Economics at the Pennsylvania State University in DuBois, USA. Her research areas include foreign capital, outsourcing, technological change, and issues in international development. She has published numerous articles in refereed journals. She has a PhD in Economics from the University of Wisconsin-Milwaukee, USA.

Esubalew Alehegn Tiruneh is Faculty in the Economics Department at Birmingham-Southern College, USA. His research interests and publications include issues related to economic development, foreign capital, innovation and growth, international development, and poverty. He received his PhD in Economic Development from the University of Trento, Italy.


Contributors

Samuel Adams, Ghana Institute of Management and Public Administration

Vito Amendolagine, University of Pavia, Italy

Nihal Bayraktar, Pennsylvania State University, Harrisburg, USA

Aklog Birara, Ethiopian Dialogue Forum, USA

Pádraig Carmody, Trinity College Dublin, Ireland

Nicola Coniglio, University of Bari, Italy

Xinshen Diao, International Food Policy Research Institute, USA

Kenechukwu Ezemenari, The World Bank, USA

Elizabeth Fraser, The Oakland Institute, USA

Kiril Tochkov, Texas Christian University, USA

Odongo Kodongo, Wits Business School, South Africa

Adugna Lemi, University of Massachusetts, Boston, USA

Eduard Marinov, Bulgarian Academy of Sciences

Kelbesa Megersa, University of Antwerp, Belgium

Anuradha Mittal, The Oakland Institute, USA

Emmanuel Moreira, The World Bank, USA

James Murphy, Clark University, USA

Nedyalko Nestorov, Bulgarian Academy of Sciences

David O’Brien, International Development Research Centre, Canada

Kalu Ojah, Wits Business School, South Africa

Eric Opoku, City University of Hong Kong

Patrick N. Osakwe, United Nations Conference on Trade and Development, Switzerland

Adnan Seric, United Nations Industrial Development Organization, Austria

Meine Pieter van Dijk, Maastricht School of Management, Netherlands

Kasahun Woldemariam, Spelman College, USA

Mesfin Wolde-Mariam, Ethiopia

Zelealem Yiheyis, Clark Atlanta University, USA

Bibliographic Information

Buy it now

Buying options

eBook USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access