Foreign Capital Flows and Economic Development in Africa

PART I: INTRODUCTION 1. Exploring the Nature, Motives, and Implications of Foreign Capital in Africa; Evelyn Wamboye, Esubalew Alehegn Tiruneh PART II: GROWING CHINESE ENGAGEMENT: MOTIVES AND IMPLICATIONS 2. The Impact of China and South Africa in Urban Africa; Pádraig Carmody, James T. Murphy 3. China's Financial and Aid Flows into Africa and their Effects; Meine Pieter van Dijk 4. Enhancing the Impact of Chinese Development Finance for Sustained Poverty Alleviation; Patrick N. Osakwe PART III: UNDERSTANDING BRICS' VERSUS OECD COUNTRIES' INVESTMENTS IN AFRICA 5. Foreign Direct Investment and Structural Change: Does the Origin of Investors Matter?; Vito Amendolagine, Nicola D. Coniglio, Adnan Seric 6. BRICS' versus G7 Countries' Direct Investment Impact; Kenechukwu Ezemenari, Esubalew Alehegn Tiruneh, Evelyn Wamboye 7. BRICS' versus OECD's Foreign Direct Investment Impact on Development; Samuel Adams, Eric Evans Osei Opoku 8. Cross-Border Capital Flows and Economic Performance: ASectoral Analysis; Odongo Kodongo, Kalu Ojah PART IV: THE POLITICS OF LAND, LAND GRABS, AND THE DEVELOPMENT PUZZLE 9. The Concept of Land in Ethiopian Tradition: Land, Power, and Famine; Mesfin Wolde-Mariam 10. Your Next "Landlord" Will Not Be Ethiopian: How Globalization Undermines the Poor; Aklog Birara 11. The Truth about Land Grabs: A Review of the Oakland Institute's Reports on Large-Scale Land Investments in the Twenty-First Century; Elizabeth Fraser, Anuradha Mittal PART V: INTERNATIONAL R&D, TRADE LINKAGES AND ECONOMIC DEVELOPMENT IN AFRICA 12. International R&D Spillovers and Labor Productivity; Esubalew Alehegn Tiruneh, Evelyn Wamboye, David O'Brien 13. Development Aid and International Trade in Sub-Saharan Africa: The EU versus China; Eduard Marinov, Nedyalko Nestorov 14. Changing International Trade Linkages in Sub-Saharan Africa: BRIC versus OECD Countries; Nihal Bayraktar PART VI: REVISITING THE EFFECT OF AID ON GROWTH, THE SOCIAL SECTOR, AND STRUCTURAL CHANGE 15. The Growth

Evelyn Wamboye is Associate Professor of Economics at the Pennsylvania State University in DuBois, USA. Her research areas include foreign capital, outsourcing, technological change, and issues in international development. She has published numerous articles in refereed journals. She has a PhD in Economics from the University of Wisconsin-Milwaukee, USA.

Esubalew Alehegn Tiruneh is Faculty in the Economics Department at Birmingham-Southern College, USA. His research interests and publications include issues related to economic development, foreign capital, innovation and growth, international development, and poverty. He received his PhD in Economic Development from the University of Trento, Italy.

Contributors



Samuel Adams, Ghana Institute of Management and Public Administration

Vito Amendolagine, University of Pavia, Italy

Nihal Bayraktar, Pennsylvania State University, Harrisburg, USA

Aklog Birara, Ethiopian Dialogue Forum, USA