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The promise and peril of FDI in sub-Saharan Africaovercoming resource dependence, underdevelopment and dysfunctional capitalism /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The promise and peril of FDI in sub-Saharan Africaby Sean Gossel.
Reminder of title:	overcoming resource dependence, underdevelopment and dysfunctional capitalism /
Author:	Gossel, Sean.
Published:	Cham :Springer Nature Switzerland :2025.
Description:	xxx, 327 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Investments, ForeignAfrica, Sub-Saharan.
Subject:	Africa, Sub-SaharanCommerce.
Online resource:	https://doi.org/10.1007/978-3-032-01320-0
ISBN:	9783032013200$q(electronic bk.)

The promise and peril of FDI in sub-Saharan Africaovercoming resource dependence, underdevelopment and dysfunctional capitalism /
Gossel, Sean.

The promise and peril of FDI in sub-Saharan Africaovercoming resource dependence, underdevelopment and dysfunctional capitalism /[electronic resource] :by Sean Gossel. - Cham :Springer Nature Switzerland :2025. - xxx, 327 p. :ill., digital ;24 cm. - Palgrave studies in African and development economics,3004-961X. - Palgrave studies in African and development economics..

1)Introduction -- 2)Colonial Legacies -- 3)Economic Policy Legacies -- 4)Democracy -- 5)Corruption -- 6)Between East and West -- 7)Financial Sector Development -- 8)Economic Growth.

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. Sean J. Gossel is Professor at the University of Cape Town Graduate School of Business where he teaches, supervisors, and researches topics in the areas of financial economics and financial globalisation with a particular focus on economic development in sub-Saharan Africa.

ISBN: 9783032013200$q(electronic bk.)

Standard No.: 10.1007/978-3-032-01320-0doiSubjects--Topical Terms:

633212
Investments, Foreign
--Africa, Sub-Saharan.Subjects--Geographical Terms:

383142
Africa, Sub-Saharan
--Commerce.

LC Class. No.: HG5822 / .G67 2025

Dewey Class. No.: 332.67367

The promise and peril of FDI in sub-Saharan Africaovercoming resource dependence, underdevelopment and dysfunctional capitalism /
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520 $a 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. Sean J. Gossel is Professor at the University of Cape Town Graduate School of Business where he teaches, supervisors, and researches topics in the areas of financial economics and financial globalisation with a particular focus on economic development in sub-Saharan Africa.
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