Foreign Capital Flows and Economic Development in Africa: The Impact of BRICS versus OECD

PART I: INTRODUCTION 1. Exploring the Nature, Motives, and Implications of Foreign Capital in Africa; Evelyn Wamboye, Esubalew Alehegn Tiruneh PART II: GROWING CHINESE ENGAGEMENT: MOTIVES AND IMPLICATIONS 2. The Impact of China and South Africa in Urban Africa; Pádraig Carmody, James T. Murphy 3. China's Financial and Aid Flows into Africa and their Effects; Meine Pieter van Dijk 4. Enhancing the Impact of Chinese Development Finance for Sustained Poverty Alleviation; Patrick N. Osakwe PART III: UNDERSTANDING BRICS' VERSUS OECD COUNTRIES' INVESTMENTS IN AFRICA 5. Foreign Direct Investment and Structural Change: Does the Origin of Investors Matter?; Vito Amendolagine, Nicola D. Coniglio, Adnan Seric 6. BRICS' versus G7 Countries' Direct Investment Impact; Kenechukwu Ezemenari, Esubalew Alehegn Tiruneh, Evelyn Wamboye 7. BRICS' versus OECD's Foreign Direct Investment Impact on Development; Samuel Adams, Eric Evans Osei Opoku 8. Cross-Border Capital Flows and Economic Performance: A Sectoral Analysis; Odongo Kodongo, Kalu Ojah PART IV: THE POLITICS OF LAND, LAND GRABS, AND THE DEVELOPMENT PUZZLE 9. The Concept of Land in Ethiopian Tradition: Land, Power, and Famine; Mesfin Wolde-Mariam 10. Your Next "Landlord" Will Not Be Ethiopian: How Globalization Undermines the Poor; Aklog Birara 11. The Truth about Land Grabs: A Review of the Oakland Institute's Reports on Large-Scale Land Investments in the Twenty-First Century; Elizabeth Fraser, Anuradha Mittal PART V: INTERNATIONAL R&D, TRADE LINKAGES AND ECONOMIC DEVELOPMENT IN AFRICA 12. International R&D Spillovers and Labor Productivity; Esubalew Alehegn Tiruneh, Evelyn Wamboye, David O'Brien 13. Development Aid and International Trade in Sub-Saharan Africa: The EU versus China; Eduard Marinov, Nedyalko Nestorov 14. Changing International Trade Linkages in Sub-Saharan Africa: BRIC versus OECD Countries; Nihal Bayraktar PART VI: REVISITING THE EFFECT OF AID ON GROWTH, THE SOCIAL SECTOR, AND STRUCTURAL CHANGE 15. The Growth Impact of Aid Quantity and Quality; Evelyn Wamboye; Kiril Tochkov 16. The Role of Foreign Aid in the Fast-Growing Rwandan Economy: Assessing Growth Alternatives; Xinshen Diao 17. Anatomy of Foreign Aid in Ethiopia; Adugna Lemi PART VII: REMITTANCES, DEBT, RESOURCE MANAGEMENT, AND ECONOMIC DEVELOPMENT 18. Remittances and Economic Development: A Review of the Empirical Evidence; Kassahun Woldemariam, Zelealem Yiheyis 19. Have Debt Relief Initiatives Yielded Varying Impact in Resource and Non-Resource Endowed Countries?; Esubalew Alehegn Tiruneh, Evelyn Wamboye 20. Debt Sustainability and Direction of Trade: What does Africa's Shifting Engagement with BRIC and OECD Countries Tell Us?; Megersa Kelbesa, Danny Cassimon 21. Managing Resource Price Volatility: Exploring Policy Options for the Democratic Republic of Congo; Emmanuel Pinto Moreira