Globalization and development in sub-Saharan Africa
- Jomo K. S. (Jomo Kwame Sundaram) author.
- New York : United Nations, 
- Physical description
- 88 pages : illustrations ; 19 cm
HF1365 .J66 2013
- Unknown HF1365 .J66 2013
- Includes bibliographical reference.
- Includes bibliographical references (pages 68-79).
- Resource mobilization for development
- Aid : unpredictable, fragmented and welfare-oriented
- Trade and development
- This paper critically reviews the impact of globalization on sub-Saharan Africa (SSA) since the early 1980s. The large gains expected from opening up to international economic forces have, to date, been limited, and there have been significant adverse consequences. Foreign direct investment in SSA has been largely confined to resource--especially mineral--extraction, even as continuing capital flight has reduced financial resources available for productive investments. Premature trade liberalization has further undermined prospects for the economic development of SSA as productive capacities in many sectors are not sufficiently competitive to take advantage of any improvements in market access.
- Publication date
- [Jomo Kwame Sundaram with Oliver Schwank and Rudiger von Arnim].
- "Sales No. E.12.1.11."