Aid, Remittances and Foreign Direct Investment
Open Access
- 7 April 2021
- book chapter
- other
- Published by Springer Science and Business Media LLC
Abstract
Cilliers sheds light on the evolving global aid, investment and remittance landscape and what it means for Africa, with special attention to China’s growing presence on the continent, and compares that with others. Collectively the EU and its member states provide most aid although the USA is Africa’s largest single aid provider. Aid will remain important for low-income countries but its importance is declining in favour of a focus on the need to attract larger volumes of foreign direct investment (FDI). An External Support scenario explores the impact of heightened aid, remittances and FDI on Africa’s development trajectory.Keywords
Funding Information
- Hanns-Seidel-Stiftung
This publication has 1 reference indexed in Scilit:
- The Macroeconomics of Aid: OverviewThe Journal of Development Studies, 2017