Privatization and Investment in Sub-Saharan Africa

by Rexford A. Ahene (Editor)

Overview

This contributed volume examines development efforts in sub-Saharan Africa and the role privatization and foreign investment can play. The focus is on African and international capital mobility and recent experience in private investment in contemporary African states. While government in Africa continues to have a hand in economic and political matters, private enterprise, private investment, and market forces are becoming increasingly active. The volume reveals these new directions in development practice in Africa and analyzes the difficulties which government, while well-intended, has created in the past.

Contributors from the United States and Africa pose questions and examine scenarios for investment in sub-Saharan Africa. And while no single strategy is agreed upon, they provide overwhelming evidence that it has been the failure of prior central policies which has held these nations back, and that hope for the 1990's lies in the unleashing of the private sector. This work will be of interest to scholars and policy-makers in development economics, international trade and finance, and African studies.

Product Details

ISBN-13:	9780275933746
Publisher:	Bloomsbury Academic
Publication date:	05/21/1992
Pages:	264
Product dimensions:	6.14(w) x 9.21(h) x 0.62(d)

About the Author

REXFORD A. AHENE is Associate Professor of Economics and Business at Lafayette College in Pennsylvania. He is also the founder and principal of AHEAD Consulting Services, an international business and marketing consulting firm specializing in Africa.

BERNARD S. KATZ is Associate Professor of Economics and Business at Lafayette College. He is the editor of several books, including Biographical Dictionary of the Council of Economic Advisers (with R. Sobel, Greenwood Press, 1988), Biographical Dictionary of the Board of Governors of the Federal Reserve (Greenwood, 1991), and The Oil Market in the 1980s (with S. Shojai, Praeger, 1992).

Table of Contents

Introduction
Public Enterprises in Sub-Saharan Africa by Bernard S. Katz
Privatization and Investment Incentives
Privatization in Africa: Domestic Origins, Current and Future Options by Ernest J. Wilson, III
Foreign Private Investment, Capital Flows, and Property Rights in Africa by Ganga Ramdas
Private Investment Incentives in Sub-Saharan Africa by Rexford Ahene
Patterns of Foreign Investment in Africa: 1970-1988 by Mulatu Wubneh
Debt, Structural Adjustment and Private Investment in Africa by Jon Kraus
Strategies, Structure and Practices
The Paradox of Protection and Monopoly in Sub-Saharan Africa by Catherine Boone
Manpower and Entrepreneurial Skill Shortages: Constraints to Private Sector Development in Africa? by Kofi Apraku
Gender and Entrepreneurship: Issues of Capital and Technology in Nigerian Small Firms by Mary J. Osirim
The Market System and the Transformation of the Peasant Mode of Production in Africa by Kidane Mengisteab
Prospects and Alternatives
Aspects of Vertically Integrated Corporations by Adhip Chaudhuri
Investment and Capital: A Development Strategy for the African Environment? by Myles F. Elledge and Louis A. Picard
Money Control, Investment and Output in a Developing Economy: The Case of Nigeria, 1975-1985 by Felix Ndukwe
Southern Africa: Prospects for an Integrated Economic Community by Karl P. Magyar
Appendices
Bibliography
Index