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In This Chapter
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Finance and Development in Sub-Saharan
Africa
- Introduction
- The Evolution of Finance in Development Policy
- State Directed Finance for Modernization
- The Washington Consensus and the Financial Development Agenda
- The Financialization of Development Policy
- International Capital Flows and Financial Development in Sub-Saharan Africa
- Trends and Changing Composition of External Debt
- Capital Market Liberalization and Financial Development in SSA
- Finance and Accumulation in SSA
- Colonial Development of Finance in East Africa
- Financial Development in Post-independence Tanzania
- Financial Liberalization and Deindustrialization in Tanzania
- Development of the Financial System in South Africa from Colonialism to Apartheid
- Financialization of the South African Economy since 1994
- Conclusion
- Notes
- References
Abstract
The five decades since independence across sub-Saharan Africa (SSA) began in 1960 have seen dramatic shifts in the definition of economic development in the rhetoric, policy, and practice of African nations, international financial institutions (IFIs), and bilateral donors from the Global North. There has also been a significant redefinition of finance in relation to capital accumulation, and the role and functioning of national financial sectors.
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