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Foreign Capital Flows and Economic Development in Africa

The Impact of BRICS versus OECD

Editors: Wamboye, Evelyn, Tiruneh, Esubalew Alehegn (Eds.)

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  • 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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eBook 117,69 €
price for Spain (gross)
  • ISBN 978-1-137-53496-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 155,99 €
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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

About the authors

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.


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

Table of contents (21 chapters)

Table of contents (21 chapters)
  • Exploring the Nature, Motives, and Implications of Foreign Capital in Africa

    Pages 3-26

    Wamboye, Evelyn (et al.)

  • The Impact of China and South Africa in Urban Africa

    Pages 29-49

    Carmody, Pádraig (et al.)

  • China’s Financial and Aid Flows into Africa and their Effects

    Pages 51-67

    Dijk, Meine Pieter

  • Enhancing the Impact of Chinese Development Finance for Sustained Poverty Alleviation in Africa

    Pages 69-94

    Osakwe, Patrick N.

  • Foreign Direct Investment and Structural Change in Africa: Does Origin of Investors Matter?

    Pages 97-125

    Amendolagine, Vito (et al.)

Buy this book

eBook 117,69 €
price for Spain (gross)
  • ISBN 978-1-137-53496-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 155,99 €
price for Spain (gross)

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Bibliographic Information

Bibliographic Information
Book Title
Foreign Capital Flows and Economic Development in Africa
Book Subtitle
The Impact of BRICS versus OECD
  • Evelyn Wamboye
  • Esubalew Alehegn Tiruneh
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
Hardcover ISBN
Edition Number
Number of Pages
XXVI, 514
Number of Illustrations
137 b/w illustrations