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Nepad And The Capital Flows Initiative: Can Africa Walk The Walk?

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  • ELSABÉ LOOTS

Abstract

In the 1960s and early 1970s the future of Africa looked bright and promising. Economic growth and development on the continent was considerably higher than in other developing regions. However, during the middle 1970s political instability increased and economic development started to deteriorate, both contributing to the marginalization of the continent. The continued marginalization constitutes a serious threat to the participation of Africa in the global economy. Nepad calls for a reversal of this process through a new partnership between Africa and the international community (Nepad, 2001: 1 and 2).

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  • Elsabé Loots, 2005. "Nepad And The Capital Flows Initiative: Can Africa Walk The Walk?," South African Journal of Economics, Economic Society of South Africa, vol. 73(1), pages 1-20, March.
    • Handle: RePEc:bla:sajeco:v:73:y:2005:i:1:p:1-20
    DOI: 10.1111/j.1813-6982.2005.00001.x
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    References listed on IDEAS

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    1. Dollar, David & Easterly, William, 1999. "The Search for the Key: Aid, Investment and Policies in Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 8(4), pages 546-577, December.
    2. Dani Rodrik, 1998. "Trade Policy and Economic Performance in Sub-Saharan Africa," NBER Working Papers 6562, National Bureau of Economic Research, Inc.
    3. repec:fth:oxesaf:97-5 is not listed on IDEAS
    4. Christopher S. Adam & Stephen O'Connell, 1997. "Aid, taxation and development: analytical perspectives on aid effectiveness in sub-Saharan Africa," CSAE Working Paper Series 1997-05, Centre for the Study of African Economies, University of Oxford.
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