
The Promise and Peril of FDI in Sub-Saharan Africa
Overcoming Resource Dependence, Underdevelopment and Dysfunctional Capitalism
- English
- ePUB (mobile friendly)
- Available on iOS & Android
The Promise and Peril of FDI in Sub-Saharan Africa
Overcoming Resource Dependence, Underdevelopment and Dysfunctional Capitalism
About this book
This book explores the developmental prospects, risks, and implications of foreign direct investment (FDI) in sub-Saharan African (SSA). Despite the region’s significant potential, it continues to face complex challenges and significant capital shortages. In theory, FDI could promote development by supplementing domestic savings, enhancing financial systems, and promoting global integration, but it can also weaken the balance of payments and undermine domestic investment. In addition, SSA’s weak institutions and poor governance means that FDI may also contribute to dysfunctional capitalism and tax evasion.
This book argues that colonial legacies and flawed policy choices have entrenched institutional weaknesses and socio-economic outcomes that deter diversified FDI and attract extractive FDI, leading to underdevelopment and resource dependency while undermining industrialization and diversification. This book will be relevant to students, researchers, and policymakers interested in development economics and the political economy of SSA.
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Table of contents
- Palgrave Studies in African and Development Economics
- The Promise and Peril of FDI in Sub-Saharan Africa
- Preface
- List of World Bank Country Codes
- Contents
- List of Figures
- List of Maps
- List of Tables
- 1.Ā Introduction
- 2.Ā The Colonial Legacies Hampering FDI to Sub-Saharan Africa
- 3.Ā The Economic Policy Legacies Hampering FDI to Sub-Saharan Africa
- 4.Ā The Relationship Between Democracy and FDI in Sub-Saharan Africa
- 5.Ā The Relationship Between Corruption and FDI in Sub-Saharan Africa
- 6.Ā The Effects of China, India, and Russiaās Competing Strategies on FDI to Sub-Saharan Africa
- 7.Ā The Relationship Between Financial Sector Development and FDI in Sub-Saharan Africa
- 8.Ā FDI and Sub-Saharan Africaās Economic Growth Cycle
- Index1
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