Africa on the move: attracting private capital to a changing continent
Article Abstract:
There is a new spirit of social and economic progress in Africa, with markets opening and foreign investment increasing, and a new generation of African leaders who are committed, qualified and non-ideological. However there still remains some debilitating policy problems such as heavily controlled interest rates, market regulation and punishing tax regimes, although there are signs of hope for Africa's capital markets, with help from the World Bank assisting governments in undertaking economic reform.
Publication Name: SAIS Review
Subject: Political science
ISSN: 0036-0775
Year: 1997
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Africa: on the move?
Article Abstract:
The real economic situation in Africa is less favorable than perceived by the international community. A study shows that although some countries in Africa are experiencing economic growth, others such as Angola, Cameroon and Rwanda were among the world's 25 slowest growing countries from 1990-95. African GDP accounted for a mere 1.1% of the world's total in 1995. Its marginalization from the world economy is also evident in the lack of impact of the 1997 Asian financial crisis on the region.
Publication Name: SAIS Review
Subject: Political science
ISSN: 0036-0775
Year: 1998
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Stock markets, foreign investment, and economic growth in Africa
Article Abstract:
African economies are attempting to develop their private sectors and the growth of equity markets is seen as an important catalyst for sustainable development. Equity market development can help privatization programs and encourage domestic savings and investment. However African countries have difficulty attracting foreign direct investment (FDI), so they need to create a conducive investment climate and they must regard stock market development as a long-term strategy.
Publication Name: SAIS Review
Subject: Political science
ISSN: 0036-0775
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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