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African Development Finance and Business Finance Policy
Financial plans that stimulate growth and eliminate poverty in developing African countries! African Developmental Finance and Business Finance Policy presents theoretical/conceptual and empirical articles that provide invaluable insights into successful business techniques and strategies for the African business arena—the last great frontier of international business expansion. Researchers and practitioners in the field of developmental finance discuss the design and implementation of financial policies for pro-poor growth and poverty alienation in developing countries, including Kenya, Zambia, Nigeria, Mauritius, and Zimbabwe. The book focuses on banking, business finance, and investment...
The Future of Think Tanks and Policy Advice Around the World
At a moment when both think tanks and experts are being questioned, significant policy and technology disruptions have called into question the value and efficacy of policy advice. Within that context, Dr. McGann launched this book to examine the future of think tanks and policy advice around the world with a series of authoritative reflections written by the presidents of some of the leading think tanks in every region of the world. The book explores the challenges think tanks face today in an information rich and highly competitive operating environment that includes: the impact of technology, big data and artificial intelligence, competition from advocacy groups and public relations firms, increased polarization of politics and major changes in how think tanks are funded.
Europe and Africa
A year and a half after the new Strategy with Africa proposed by the European Commission was made public, the new partnership between the two continents is still being defined. The impact of the Covid-19 pandemic with Africa's first economic recession in 25 years and a sharp rise in poverty and debt has created new challenges for the two continents' agenda, highlighting new gaps to address on the way forward. With the European Union-African Union summit scheduled for February 2022, the definition of the new partnership is once again gathering momentum, while both sides are still trying to define common positions. Will these two "natural partners" be able to tackle the most urgent challenges and turn them into opportunities for collaboration and engagement? What are the priority issues, and which ones are potentially most divisive?
The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa
This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate, and current account liberalization; and (ii) inflation and various determinants, including lagged inflation, the nominal exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation, the lagged inflation rate, nominal exchange rate, and the de facto regime are significant. Exchange rate pass-through is limited.
The Political Economy of Development and Underdevelopment in Africa
While Africa is too often regarded as lying on the periphery of the global political arena, this is not the case. African nations have played an important historical role in world affairs. It is with this understanding that the authors in this volume set out upon researching and writing their chapters, making an important collective contribution to our understanding of modern Africa. Taken as a whole, the chapters represent the range of research in African development, and fully tie this development to the global political economy. African nations play significant roles in world politics, both as nations influenced by the ebbs and flows of the global economy and by the international political system, but also as actors, directly influencing politics and economics. It is only through an understanding of both the history and present place of Africa in global affairs that we can begin to assess the way forward for future development.
The Power of Greed
The Power of Greed recommends a shift away from the moralistic way we often go about doing international development. It says we can be too focused on our own ambitions for others and too unaware of what they’re up to on their own behalf. It argues that the desperate and greedy behaviours of the poor and their oppressors are not the enemies of international development, but its potential allies. It also says we ought to resist taking sides in defence of the poor. Productive alliances between oppressed and oppressor are possible if the conditions are right. Furthermore, it says that we need to tie national institutional and economic strengthening measures to the creation of sustainable interest groups at the grassroots. Only they could be in a position to prevent greed and corruption at the top in a sustainable way. For these reasons, The Power of Greed tries to get us to focus on doing more about the opportunity structure in the developing world and, for the rest, to rely on the opportunism of the population.
Kenya
This paper discusses key findings of the Second Review for Kenya under the Extended Credit Facility (ECF). Program implementation during the first half of 2011 was in line with the objectives. All quantitative performance criteria and indicative targets for June 2011 have been met. The authorities have requested augmentation of access under the ECF arrangement to deal with the impact of the drought and higher-than-anticipated international prices. They have adopted additional measures to address macroeconomic imbalances.
Leveraging Migration for Africa
This book seeks to fill knowledge gaps on migration, remittances and diaspora in Africa.
Kenya
Economic activity in Kenya has remained resilient to uncertainty surrounding the elections, the impact of the European crisis, and security-related concerns. Fiscal policy is in line with the program despite difficulties. International reserves are on the rise, and the deficit of the external current account has shrunk significantly. Key structural reforms to strengthen the institutional framework are under way. A peaceful political transition, strengthened macroeconomic conditions, and structural reforms could unleash Kenya’s growth potential, attract foreign investment, and lay the basis for transforming the country into an emerging-market economy.
Security Beyond the State
Across the globe, from mega-cities to isolated resource enclaves, the provision and governance of security takes place within assemblages that are de-territorialized in terms of actors, technologies, norms and discourses. They are embedded in a complex transnational architecture, defying conventional distinctions between public and private, global and local. Drawing on theories of globalization and late modernity, along with insights from criminology, political science and sociology, Security Beyond the State maps the emergence of the global private security sector and develops a novel analytical framework for understanding these global security assemblages. Through in-depth examinations of four African countries – Kenya, Nigeria, Sierra Leone and South Africa – it demonstrates how global security assemblages affect the distribution of social power, the dynamics of state stability, and the operations of the international political economy, with significant implications for who gets secured and how in a global era.
