Adventure Capitalism. Globalization and the Political Economy of Stock Markets in Africa
Sub-Saharan Africa, the poorest and least integrated region of the world, now has fifteen stock markets. Adventure Capitalism examines the economic and political forces behind this trend and discusses the potential consequences of financial market integration for developing countries. Using a political economy approach, it finds that financial globalization presents a formidable challenge for African policymakers, but is also an opportunity with a range of benefits.
Economic Factors: The Technocratic Rationale for African Stock Markets
Political Economy Factors: The Political Logic of Stock Markets
Finance and Development: Can Stock Markets Matter in Africa?
Globalization and Capital Mobility: Opportunity or Instability?
Newly-Shackled or Set Free? Global Finance and Policy Autonomy in Africa
Some Conclusions: Toward a Political Economy View of African Stock Markets