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- W4205487614 abstract "African governments have long lists of investment ideas that are vital for improved standards of living. These exceed current available financing, so African countries need a greater share of global capital. Borrowing is an important source of self-financed development, although debt risks are elevated. In light of the risks and challenges, urgent action is needed to encourage more responsible lending and borrowing. The potential for African countries to raise living standards over the coming decades is enormous, if the larger debt slips can be avoided. A repeat of the debt relief of the early 2000s would be positive for many of the poorest countries already cut off from capital. But encouraging an exit from global capital markets would be bad advice for most frontier African economies and terrible advice for Africa’s larger emerging markets. Instead of these swings in sentiment, a calmer, more balanced approach is needed." @default.
- W4205487614 created "2022-01-25" @default.
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- W4205487614 date "2021-11-01" @default.
- W4205487614 modified "2023-09-30" @default.
- W4205487614 title "Introduction" @default.
- W4205487614 doi "https://doi.org/10.1093/oso/9780197619971.003.0001" @default.
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