Capital Flows to Africa: An Analysis of the Structure of Official and Private Capital Flows
Although globalization was built on increased world trade, the movement of capital has accelerated faster in the past two decades. It is this free flow of capital that is offering African countries renewed hope of tapping global markets for the much needed resources to aid their economic growth while becoming fully integrated into the global economy. While past studies tackling external resource flows to Africa have focused on either official or private capital flows, this paper analyses both types of capital flows with the intention of providing a clearer picture on composition and magnitude of external resources to Africa. Three types of capital flows – Official Development Assistance (ODA), Foreign Direct Investment (FDI) and Workers Remittances – emerge as key to tackling Africa’s development problems. Together, these flows account for the bulk of resources to Africa. In addition, they have built-in advantages for economic development hence are more suited to addressing Africa’s growth challenges. To this end, African countries must enact policies that directly relate to aiding effectiveness of these flows.
|Date of creation:||2006|
|Date of revision:|
|Contact details of provider:|| Postal: Warren Hall, Ithaca NY 14853|
Web page: http://aem.cornell.edu/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- White, Howard, 2004. "Trends in the volume and allocation of official flows from donor countries," International Review of Economics & Finance, Elsevier, vol. 13(3), pages 233-244.
- Weatherspoon, Dave D. & Cacho, Joyce A. & Christy, Ralph D., 2001.
"Linking Globalization, Economic Growth and Poverty: Impacts of Agribusiness Strategies on Sub-Saharan Africa,"
121131, Cornell University, Department of Applied Economics and Management.
- Dave Weatherspoon & Joyce Cacho & Ralph Christy, 2001. "Linking Globalization, Economic Growth and Poverty: Impacts of Agribusiness Strategies on Sub-Saharan Africa," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 722-729.
- Ali, A A G & Malwanda, C & Suliman, Y, 1999. "Official Development Assistance to Africa: An Overview," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 8(4), pages 504-27, December.
When requesting a correction, please mention this item's handle: RePEc:ags:cudawp:127057. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.