International Political Economy

The Paradox of Financial Flows

By: V. Makhan

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Paperback | 17 May 2002 | Edition Number 1

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280 Pages

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African countries have experienced modest economic recovery during the 1990s. But these countries are caught in a vicious circle in which the existing economic structure cannot generate enough savings and export earnings needed to finance their development and mount a sustained assault on widespread poverty. Yet foreign aid has been cut back sharply and the continent receives only a trickle of foreign investment flows. New policy regimes are now in place, creating the right environment for external financing to make a major difference. Development finance is one of the foremost challenges facing African countries and the international community in the new century.

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Non-Fiction Economics Political Economy Miscellaneous Items Reference, Information & Interdisciplinary Subjects Interdisciplinary Studies Development Studies Development Economics & Emerging Economies Macroeconomics Monetary Economics

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Published: 1st January 2002

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List of Tables and Figures	p. ix
List of Abbreviations	p. x
List of Appendices	p. xiii
Preface	p. xv
Acknowledgements	p. xviii
Introduction	p. 1
A survey of Africa's Economic Performance in the Post-Independence Period	p. 8
1965-73	p. 10
1973-80	p. 13
1980-94	p. 17
The African economy during the mid/late 1990s	p. 19
Increasingly sound macroeconomic fundamentals	p. 23
Commodity dependence	p. 26
Low levels of domestic investment and savings	p. 28
Low or declining external financial flows and unsustainable debt	p. 29
The recovery of 1994-7 in perspective	p. 32
Summary	p. 32
The Paradox of Financial Flows	p. 35
External financial flows	p. 37
External debt	p. 47
Capital flight	p. 54
Savings	p. 56
Summary	p. 59
New Priorities for Foreign Aid	p. 61
International consensus on priorities for foreign aid	p. 63
Assessment	p. 74
New Perspectives on Aid Delivery and Development Management	p. 77
Aid effectiveness	p. 80
Improving development management	p. 83
Assessment	p. 86
Conclusion	p. 88
The development finance gap	p. 90
No simple panaceas	p. 95
Summary	p. 102
Appendices	p. 103
Notes and References	p. 225
Index	p. 232
Table of Contents provided by Syndetics. All Rights Reserved.

International Political Economy

The Paradox of Financial Flows

At a Glance

Paperback

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Hardcover

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