Foreign Capital Flows and Economic Development in Africa: The Impact of BRICS versus OECD
Foreign Capital Flows and Economic Development in Africa: The Impact of BRICS versus OECD
Editors: Evelyn Wamboye, Esubalew Alehegn Tiruneh
Publisher: Palgrave Macmillan (New York / US)
Publication Year: 2017
Part of: Springer Professional – Business + Economics & Engineering + Technology
About this Book
Foreign Capital Flows and Economic Development in Africa is a comprehensive analytical volume that examines how different sources of foreign capital—particularly from BRICS and OECD countries—have shaped Africa’s economic trajectory over the last two decades. As African economies undergo structural transformation and deeper integration into global markets, understanding the motivations, patterns, and consequences of these financial flows has become crucial for policymakers, scholars, and development practitioners.
The book provides a comparative perspective on conventional (OECD) versus non-conventional (BRICS) capital, exploring how their distinct geopolitical interests, investment strategies, and development cooperation models influence Africa’s long-term economic outcomes. Through contributions from leading experts, the volume delves into Chinese investment motives, financial and aid flows, BRICS–G7 investment comparisons, cross-border capital dynamics, and their implications for productivity, structural change, and poverty alleviation.
Beyond capital flows, the book also addresses politically sensitive and deeply structural issues such as land governance, land grabs, globalization’s impact on rural livelihoods, and the complexities surrounding inclusive development. Several chapters examine international R&D spillovers, trade linkages, foreign aid effectiveness, debt sustainability, remittances, and resource price volatility, offering rich empirical insights and policy recommendations.
Overall, the volume reveals that while BRICS engagement brings new opportunities—especially in infrastructure, resource extraction, and development finance—it also raises questions about sustainability, governance, and long-term economic independence. The book stands as a significant resource for understanding the evolving global–Africa economic relationship and the competing roles of BRICS and OECD countries in shaping the continent’s development future.
Contents
Introduction
Exploring the Nature, Motives, and Implications of Foreign Capital in Africa
Evelyn Wamboye, Esubalew Alehegn Tiruneh
Chinese Growing Engagement in Africa: Motives and Implications
The Impact of China and South Africa in Urban Africa
Pádraig Carmody, James T. Murphy
China’s Financial and Aid Flows into Africa and Their Effects
Meine Pieter van Dijk
Enhancing the Impact of Chinese Development Finance for Sustained Poverty Alleviation in Africa
Patrick N. Osakwe
Understanding BRICS’ versus OECD Countries’ Investment in Africa
Foreign Direct Investment and Structural Change in Africa: Does Origin of Investors Matter?
Vito Amendolagine, Nicola D. Coniglio, Adnan Seric
BRICS versus G7 Countries’ Direct Investment Impact in Africa
Kenechukwu Ezemenari, Esubalew Alehegn Tiruneh, Evelyn Wamboye
BRIC versus OECD Foreign Direct Investment Impact on Development in Africa
Samuel Adams, Eric Evans Osei Opoku
Cross-Border Capital Flows and Economic Performance in Africa: A Sectoral Analysis
Odongo Kodongo, Kalu Ojah
The Politics of Land, Land Grab, and Inclusive Development
The Concept of Land in Ethiopian Tradition: Land, Power, and Famine
Mesfin Wolde-Mariam
Your Next “Landlord” Will Not Be Ethiopian: How Globalization Undermines the Poor
Aklog Birara
The Truth About Land Grabs: A Review of the Oakland Institute’s Reports on Large-Scale Land Investments
Elizabeth Fraser, Anuradha Mittal
International R&D Spillovers, Trade Linkages, and Development
International R&D Spillovers and Labor Productivity in Africa
Esubalew Alehegn Tiruneh, Evelyn Wamboye, David O’Brien
Development Aid and International Trade in Sub-Saharan Africa: EU versus China
Eduard Marinov, Nedyalko Nestorov
Changing International Trade Linkages in Sub-Saharan Africa: BRIC versus OECD Countries
Nihal Bayraktar
Aid, Structural Change, and Growth
Growth Impact of Aid Quantity and Quality in Africa
Evelyn Wamboye, Kiril Tochkov
The Role of Foreign Aid in the Fast-Growing Rwandan Economy: Assessing Growth Alternatives
Xinshen Diao
Anatomy of Foreign Aid in Ethiopia
Adugna Lemi
Remittances, Debt, Resource Management, and Economic Development
Remittances and Economic Development in Africa: A Review of Empirical Evidence
Kasahun Woldemariam, Zelealem Yiheyis
Have Debt Relief Initiatives Yielded Varying Effects in Resource and Non-Resource Endowed Countries in Africa?
Esubalew Alehegn Tiruneh, Evelyn Wamboye
Debt Sustainability and Direction of Trade: Africa’s Shifting Engagement with BRIC and OECD
Kelbesa Megersa, Danny Cassimon
Managing Resource Price Volatility: Policy Options for the Democratic Republic of Congo
Emmanuel Pinto Moreira
