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基本説明
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.
Full Description
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.
Contents
Introduction: The Emergence of Africa's Stock Markets 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