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Full-Text Articles in Social and Behavioral Sciences
Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa
Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa
International Conference on African Development Archives
The literature on the roles that governance/political and economic stability play to attract capital flows into African economies has been burgeoning. Good governance, liberalization, infrastructure, incentive packages have been regarded as cures to break the deadlock to reverse the economic plight, to attract inflow of capital and, in some cases, to reverse outflows of African economies. The flow of capital, however, has undesirable side effects on host economies’ working conditions, environmental standard, inequality, and culture, among others. These economic and social external or negative spillover effects are due to the phenomenon of “race-to-the-bottom” where companies invest in economies with lax …
The Eu–Acp Economic Partnership Agreements And The ‘Development Question’: Constraints And Opportunities Posed By Article Xxiv And Special And Differential Treatment Provisions Of The Wto, Cosmas Milton Obote Obote Ochieng Ochieng
The Eu–Acp Economic Partnership Agreements And The ‘Development Question’: Constraints And Opportunities Posed By Article Xxiv And Special And Differential Treatment Provisions Of The Wto, Cosmas Milton Obote Obote Ochieng Ochieng
Cosmas Milton Obote Ochieng Ochieng
This article argues that Article XXIV and special and differential treatment (SDT) provisions of the WTO present a number of constraints and opportunities to the design and scope of the proposed economic partnership agreements between the European Union (EU) and African, Caribbean and Pacific (ACP) countries. It examines the negotiating positions of both sides to argue that were the EU's position to prevail, ACP and other developing countries would likely suffer an ‘erosion of the development principles’ embedded within the WTO. It is shown that the differences between the two groups over the desirability and/or applicability of negotiating free trade …
Saving, Investment And Capital Mobility In African Countries, John Thornton, Olumuyiwa S. Adedeji
Saving, Investment And Capital Mobility In African Countries, John Thornton, Olumuyiwa S. Adedeji
John Thornton
Recently developed panel co-integration techniques are applied to data for six African countries to test the Feldstein–Horioka approach to measuring capital mobility. The results suggest three conclusions: savings and investment in panel data are non-stationary series and they are co-integrated; capital was relatively mobile in the African countries during 1970–2000, with estimated savings–retention ratios of 0.73 (FMOLS), 0.45 (DOLS), 0.51 (DOLS with heterogeneity) and 0.39 (DOLS with cross-sectional dependence effects); and there was a marked drop in the savings–retention ratio from 1970–85 to 1986–2000. The results could be interpreted as indicating that capital mobility in African countries has increased, reflecting …