Foreign Capital Flows and Economic Development in Africa

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 Pádraig Carmody, Trinity College Dublin, Ireland Nicola Coniglio, University of Bari, Italy Xinshen Diao, International Food Policy Research Institute, USA Kenechukwu Ezemenari, The World Bank, USA Elizabeth Fraser, The Oakland Institute, USA Kiril Tochkov, Texas Christian University, USA Odongo Kodongo, Wits Business School, South Africa Adugna Lemi, University of Massachusetts, Boston, USA Eduard Marinov, Bulgarian Academy of Sciences Kelbesa Megersa, University of Antwerp, Belgium Anuradha Mittal, The Oakland Institute, USA Emmanuel Moreira, The World Bank, USA James Murphy, Clark University, USA Nedyalko Nestorov, Bulgarian Academy of Sciences David O’Brien, International Development Research Centre, Canada Kalu Ojah, Wits Business School, South Africa Eric Opoku, City University of Hong Kong Patrick N. Osakwe, United Nations Conference on Trade and Development, Switzerland Adnan Seric, United Nations Industrial Development Organization, Austria Meine Pieter van Dijk, Maastricht School of Management, Netherlands Kasahun Woldemariam, Spelman College, USA Mesfin Wolde-Mariam, Ethiopia Zelealem Yiheyis, Clark Atlanta University, USA

1. Exploring the Nature, Motives, and Implications of Foreign Capital in Africa.- 2. The Impact of China and South Africa in Urban Africa.- 3. China's Financial and Aid Flows into Africa and their Effects.- 4. Enhancing the Impact of Chinese Development Finance for Sustained Poverty Alleviation.- 5. Foreign Direct Investment and Structural Change: Does the Origin of Investors Matter?.- 6. BRICS' versus G7 Countries' Direct Investment Impact.- 7. BRICS' versus OECD's Foreign Direct Investment Impact on Development.- 8. Cross-Border Capital Flows and Economic Performance: A Sectoral Analysis.- 9. The Concept of Land in Ethiopian Tradition: Land, Power, and Famine.- 10. Your Next "Landlord" Will Not Be Ethiopian: How Globalization Undermines the Poor.- 11. The Truth about Land Grabs: A Review of the Oakland Institute’s Reports on Large-Scale Land Investments in the Twenty-First Century.- 12. International R&D Spillovers and LaborProductivity.- 13. Development Aid and International Trade in Sub-Saharan Africa: The EU versus China.- 14. Changing International Trade Linkages in Sub-Saharan Africa: BRIC versus OECD Countries.- 15. The Growth Impact of Aid Quantity and Quality.- 16. The Role of Foreign Aid in the Fast-Growing Rwandan Economy: Assessing Growth Alternatives.- 17. Anatomy of Foreign Aid in Ethiopia.- 18. Remittances and Economic Development: A Review of the Empirical Evidence.- 19. Have Debt Relief Initiatives Yielded Varying Impact in Resource and Non-Resource Endowed Countries?.- 20. Debt Sustainability and Direction of Trade: What does Africa’s Shifting Engagement with BRIC and OECD Countries Tell Us?.- 21. Managing Resource Price Volatility: Exploring Policy Options for the Democratic Republic of Congo.