Adventure Capitalism

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.

Autorentext
TODD MOSS is a consultant for the World Bank. Prior to this he was a lecturer
at the London School of Economics Development Studies Institute. Previously, he has worked at the Economist Intelligence Unit, the Overseas Development Council, and consulted for a wide range of firms including the UN, Control Risks and Oxford Analytica.

Inhalt
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