Economic recovery in Africa : the paradox of financial flows / Vijay S. Makhan.
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TextSeries: International political economy series (Palgrave (Firm))Publication details: New York : Palgrave, 2002.Description: xviii, 261 p. : ill. ; 23 cmISBN: - 9780333801550
- 0333801555
- 338.96 22
- HC800 .M345 2002
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Includes bibliographical references (p. 225-231) and index.
Contends that insufficient financial resources are the biggest block to economic development in Africa now that good macroeconomic policies are in place in much of the continent. With little savings, minimal export earnings growth, and an external debt burden, these countries cannot finance their development. In addition, very little foreign investment goes into African countries, and official development finance has been declining in both real and nominal terms since the early 1990s. .
oif 17/09/15
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