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Author Moss, Todd.

Title Adventure capitalism : globalization and the political economy of stock markets in Africa / Todd J. Moss.

Published New York : Palgrave, 2003.


Location Call No. Status
 UniM Store QA  10925    AVAILABLE
Physical description xiii, 202 pages : illustrations ; 22 cm
Bibliography Includes bibliographical references and index.
Contents 1 Emergence of Africa's Stock Markets 4 -- Part I Why does Africa have Stock Markets? Determinants of the Trend 19 -- 2 Economic Factors: The Technocratic Rationale for African Stock Markets 21 -- 3 Political Economy Factors: The Political Logic of Stock Markets 40 -- Part II What might Greater Financial Openness Imply? Consequences of Stock Markets in Africa 69 -- 4 Finance and Development: Can Stock Markets Matter in Africa? 71 -- 5 Globalization and Capital Mobility: Opportunity or Instability? 103 -- 6 Global Finance and Policy Autonomy in Africa: Newly Shackled or Set Free? 131 -- 7 Some Conclusions: Toward a Political Economy View of African Equity Market Development 149.
Summary Sub-Saharan Africa, the poorest and least integrated region of the world, now has 15 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.
Subject Stock exchanges -- Africa.
Investments, Foreign -- Africa.
Variant Title Globalization and the political economy of stock markets in Africa.
ISBN 1403904456 (cloth)