Economic Recovery In Africa
Subtitle: The Paradox of Financial Flows
Publisher: Palgrave Macmillan; Palgrave
Published: August 3, 2002
Language: eng
Format: Hardcover
Number of pages: 256
ISBN-13: 9780333801550
Subjects: Development economics; Development studies; Business & Economics; Business / Economics / Finance; Business/Economics; Development - Economic Development; Economic Conditions; Business & Economics / Economic Conditions; Africa; Economic assistance; Economic policy; Flow of funds
Description: "African countries experienced a modest economic recovery during the 1990s. But they were also caught in a vicious circle where the existing economic structures could not generate sufficient savings and export earnings to finance their development and thus mount a sustained assault on widespread poverty. Foreign aid has been cut back sharply and the continent receives only a trickle of foreign investment flows.

But new policy regimes are now coming into place, and creating the appropriate 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."--BOOK JACKET.