© 2002

Economic Recovery in Africa

The Paradox of Financial Flows

  • Authors

Part of the International Political Economy Series book series (IPES)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Vijay S. Makhan
    Pages 1-7
  3. Vijay S. Makhan
    Pages 35-60
  4. Vijay S. Makhan
    Pages 61-76
  5. Vijay S. Makhan
    Pages 88-102
  6. Back Matter
    Pages 103-261

About this book


African countries have experienced modest economic recovery during the 1990s. But these countries are caught in a vicious circle in which the existing economic structure cannot generate enough savings and export earnings needed to finance their development and mount a sustained assault on widespread poverty. Yet foreign aid has been cut back sharply and the continent receives only a trickle of foreign investment flows. New policy regimes are now in place, creating the right environment for external financing to make a major difference. Development finance is one of the foremost challenges facing African countries and the international community in the new century.


development Development Finance earnings environment finance investment management Poverty science and technology

About the authors

Ambassador VIJAY S. MAKHAN is a career diplomat of Mauritius. He was Secretary for Foreign Affairs of his country up to 1995 when he was elected Assistant Secretary General of the OAU. He was re-elected in July 1999. Besides a number of papers, he has authored Policy Consensus Strategy Vacuum, A Pan-African Vision for the Twenty-first Century.

Bibliographic information