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Globalization and Development in Sub-Saharan Africa
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This publication critically reviews the effects of globalisation on sub-Saharan Africa over the last three decades. The large gains expected from opening up to international economic forces have, to date, been limited, while there have been significant adverse consequences. Foreign direct investment in the region has been largely confined to resource- especially mineral- extraction, even as continuing capital flight has reduced financial resources available for productive investments. Premature trade liberalisation has undermined prospects for the economic development of productive capacities…mehr

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Produktbeschreibung
This publication critically reviews the effects of globalisation on sub-Saharan Africa over the last three decades. The large gains expected from opening up to international economic forces have, to date, been limited, while there have been significant adverse consequences. Foreign direct investment in the region has been largely confined to resource- especially mineral- extraction, even as continuing capital flight has reduced financial resources available for productive investments. Premature trade liberalisation has undermined prospects for the economic development of productive capacities in many sectors- including manufacturing and agriculture -- are not sufficiently competitive to take advantage of improvements in market access.
Autorenporträt
United Nations Publications is the official publisher for the UN and it produces over 400 titles each year. The range of subjects covered are as varied as the issues being tackled by the UN as it works for a better world for all. Since the first printing of the UN Charter, this publishing unit has been providing valued information to those in government, academia and business.