You are here

Adventure Capitalism: Globalization and the Political by Todd J. Moss

By Todd J. Moss

Sub-Saharan Africa, the poorest and least built-in area of the realm, now has fifteen inventory markets. event Capitalism examines the commercial and political forces at the back of this development and discusses the capability results of economic marketplace integration for constructing nations. utilizing a political economic system strategy, it reveals that monetary globalization provides an impressive problem for African policymakers, yet can also be a chance with more than a few merits.

Show description

Read Online or Download Adventure Capitalism: Globalization and the Political Economy of Stock Markets in Africa PDF

Similar public finance books

Übernahmeprämien im Rahmen von M&A-Transaktionen: Bestimmungsfaktoren und Entwicklungen in Deutschland, Frankreich, Großbritannien und den USA

Übernahmeprämien machen einen hohen Anteil der Preise aus, die im Rahmen von Fusionen und Übernahmen börsennotierter Unternehmen gezahlt werden. Außerdem entscheidet die Höhe einer Prämie aus Sicht des Käufers häufig über den Erfolg oder Misserfolg einer M&A-Transaktion. Im Mittelpunkt der empirischen Untersuchung von Andreas R.

Government Performance and Results: An Evaluation of GPRA’s First Decade

The complexity of governments this day makes the responsibility wanted by means of voters tricky to accomplish. Written to deal with functionality guidelines inside of kingdom and nationwide governments, govt functionality and effects: An overview of GPRA’s First Decade summarizes classes discovered from a 10-year learn undertaking that evaluated functionality studies produced by way of federal enterprises less than the govt functionality and effects Act (GPRA).

Handbook of the Economics of Risk and Uncertainty

The necessity to comprehend the theories and functions of monetary and finance chance has been transparent to each person because the monetary predicament, and this choice of unique essays proffers extensive, high-level causes of probability and uncertainty. The economics of threat and uncertainty is not like such a lot branches of economics in spanning from the person decision-maker to the industry (and certainly, social decisions), and varying from in simple terms theoretical research via person experimentation, empirical research, and utilized and coverage judgements.

Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs

This e-book provides overwhelming facts that US govt stimulus courses during the last fifty years haven't labored. utilizing the simplest and newest econometric trying out types, it applies 228 separate challenging technological know-how checks to envision the results of other stimulus types that are supposed to, in idea, have proven confident effects.

Extra info for Adventure Capitalism: Globalization and the Political Economy of Stock Markets in Africa

Example text

1, it is difficult to assess Ghana’s capital movements. Indeed, the three sets of data in the table appear not only contradictory, but also at times wholly incompatible. 2 — — 106 206 259 70 92 — — 0 0 0 557 267 124 46 15 — Data from IFC (1999a) and Databank Research. Data from IMF (1999b). Data from World Bank (2000). 32 Adventure Capitalism Despite these problems, recordable portfolio flows to sub-Saharan Africa appear on a general, if an uneven and non-robust, upward trend. At the very least, portfolio flows to Africa in the latter half of the 1990s appear to have been greater than flows in the first half.

21). Frimpong-Ansah was decidedly interventionist in the short-term, however, echoing the technocratic language about selective public action, much of which later became common among institutionalists and analysts of East Asian developmental success. Indeed, he urged explicit government intervention and assistance to help set up a vibrant capital market, rather than waiting for the private sector to initiate such institutions: In a developing country such as ours, where the savings rate has been slow and where the greater part of productive capacity does not prove sufficiently attractive investment for the little private savings that may exist, the need for specialized agencies for the mobilization of investable funds cannot be safely left to the spur of the ordinary market forces.

1). In the latter, orthodox fiscal and monetary policy management helped to create a low inflationary environment, with minimal premiums on domestic debt. This, in turn, meant that macroeconomic policy encouraged rather than detracted from the growth of the local bourse. 1 Ghana and Botswana: a tale of two macroeconomies. Sources: IMF, GSE, BSE. Inflation Botswana: Investment return The Technocratic Rationale for African Stock Markets 29 functions: a destination for domestic savings. 12 This points to a broader problem of the relationship between government policymaking and the equity market.

Download PDF sample

Rated 4.44 of 5 – based on 38 votes