IDEAS home Printed from https://ideas.repec.org/p/ags/cudawp/127057.html
   My bibliography  Save this paper

Capital Flows to Africa: An Analysis of the Structure of Official and Private Capital Flows

Author

Listed:
  • Mhlanga, Nomathemba
  • Christy, Ralph D.

Abstract

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.

Suggested Citation

  • Mhlanga, Nomathemba & Christy, Ralph D., 2006. "Capital Flows to Africa: An Analysis of the Structure of Official and Private Capital Flows," Working Papers 127057, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudawp:127057
    DOI: 10.22004/ag.econ.127057
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/127057/files/Cornell_Dyson_wp0619.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.127057?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dave Weatherspoon & Joyce Cacho & Ralph Christy, 2004. "Linking Globalization, Economic Growth and Poverty: Impacts of Agribusiness Strategies on Sub-Saharan Africa," World Scientific Book Chapters, in: Ralph D Christy (ed.), Achieving Sustainable Communities In A Global Economy Alternative Private Strategies and Public Policies, chapter 2, pages 27-42, World Scientific Publishing Co. Pte. Ltd..
    2. 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.
    3. 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, vol. 8(4), pages 504-527, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oluwatosin Ogunyomi-Oluyomi & Adeyemi Olayiwola Babasanya & Isiaq Olasunkanmi Oseni, 2023. "Interactive Effect Of Foreign Direct Investment (Fdi) Inflow And Absorptive Capacity On Economic Growth In The African Countries," Business & Management Compass, University of Economics Varna, issue 4, pages 267-285.
    2. Edem Kwame Mensah Klobodu & Samuel Adams, 2016. "Capital Flows and Economic Growth in Ghana," Journal of African Business, Taylor & Francis Journals, vol. 17(3), pages 291-307, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Van Herck, Kristine, 2011. "Where have all the farmers gone? EU Accession and Structural Change in Bulgaria," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114829, European Association of Agricultural Economists.
    2. Phuong-Tra Vu & Phung Bao Ngoc Van, 2021. "National culture and the distribution of foreign aid," Economics and Business Letters, Oviedo University Press, vol. 10(4), pages 359-368.
    3. Federica Di Marcantonio & Pavel Ciaian & Vicente Castellanos, 2018. "Unfair trading practices in the dairy farm sector: Evidence from selected EU regions," JRC Research Reports JRC112770, Joint Research Centre.
    4. Beletskaya, M., 2019. "Bilateral International Assistance: Factors for Donor Countries," Journal of the New Economic Association, New Economic Association, vol. 43(3), pages 95-114.
    5. Tao Xiang & Jikun Huang & d’Artis Kancs & Scott Rozelle & Jo Swinnen, 2012. "Food Standards and Welfare: General Equilibrium Effects," Journal of Agricultural Economics, Wiley Blackwell, vol. 63(2), pages 223-244, June.
    6. Mungandi, Sepiso & Conforte, Daniel & Shadbolt, Nicola M., 2012. "Integration of Smallholders in Modern Agri-food Chains: Lessons from the KASCOL Model in Zambia," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 15(3), pages 1-22, September.
    7. Dave Weatherspoon & Joyce Cacho & Ralph Christy, 2004. "Linking Globalization, Economic Growth and Poverty: Impacts of Agribusiness Strategies on Sub-Saharan Africa," World Scientific Book Chapters, in: Ralph D Christy (ed.), Achieving Sustainable Communities In A Global Economy Alternative Private Strategies and Public Policies, chapter 2, pages 27-42, World Scientific Publishing Co. Pte. Ltd..
    8. Hoeffler, Anke & Sterck, Olivier, 2022. "Is Chinese aid different?," World Development, Elsevier, vol. 156(C).
    9. Jan Falkowski & Pavel Ciaian, 2016. "Factors Supporting the Development of Producer Organizations and their Impacts in the Light of Ongoing Changes in Food Supply Chains: A Literature Review," JRC Research Reports JRC101617, Joint Research Centre.
    10. repec:lic:licosd:24609 is not listed on IDEAS
    11. Alessia Isopi & George Mavrotas, 2006. "Aid Allocation and Aid Effectiveness: An Empirical Analysis," WIDER Working Paper Series RP2006-07, World Institute for Development Economic Research (UNU-WIDER).
    12. Magda Kandil & Muhammad Shahbaz & Mantu Kumar Mahalik & Duc Khuong Nguyen, 2017. "The drivers of economic growth in China and India: globalization or financial development?," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 16(1), pages 54-84, April.
    13. Sicelo Ignatius Dlamini & Wen-Chi Huang, 2020. "Towards Intensive Co-operated Agribusiness: A Gender-Based Comparative Borich Needs Assessment Model Analysis of Beef Cattle Farmers in Eswatini," Agriculture, MDPI, vol. 10(4), pages 1-17, April.
    14. Minten, Bart, 2007. "The food retail revolution in poor countries: Is it coming or is it over? Evidence from Madagascar," IFPRI discussion papers 719, International Food Policy Research Institute (IFPRI).
    15. Denis Sautier & Hester Vermeulen & Michel Fok & Estelle Biénabe, 2006. "Case Studies of Agri-Processing and Contract Agriculture in Africa," World Bank Publications - Reports 9057, The World Bank Group.
    16. Kane, Samuel & Eicher, Carl K., 2004. "Foreign Aid And The African Farmer," Staff Paper Series 11602, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    17. Bart Minten, 2008. "The Food Retail Revolution in Poor Countries: Is It Coming or Is It Over?," Economic Development and Cultural Change, University of Chicago Press, vol. 56(4), pages 767-789, July.
    18. repec:lic:licosd:24509 is not listed on IDEAS
    19. Minten, Bart & Randrianarison, Lalaina & Swinnen, Johan F.M., 2009. "Global Retail Chains and Poor Farmers: Evidence from Madagascar," World Development, Elsevier, vol. 37(11), pages 1728-1741, November.
    20. Nguyen Hung Anh & Wolfgang Bokelmann & Ngo Thi Thuan & Do Thi Nga & Nguyen Van Minh, 2019. "Smallholders’ Preferences for Different Contract Farming Models: Empirical Evidence from Sustainable Certified Coffee Production in Vietnam," Sustainability, MDPI, vol. 11(14), pages 1-26, July.
    21. Sartorius, Kurt & Kirsten, Johann, 2007. "A framework to facilitate institutional arrangements for smallholder supply in developing countries: An agribusiness perspective," Food Policy, Elsevier, vol. 32(5-6), pages 640-655.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:cudawp:127057. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dacorus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.