Financing Sustainable Development in Africa

This edited volume provides a critical evaluation of financing options for sustainable development in Africa. While sustainability has long been the watchword for development programs, and while many African countries have taken initiatives to develop int

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Uchenna R. Efobi & Simplice Asongu

Financing Sustainable Development in Africa

Uchenna R. Efobi · Simplice Asongu Editors

Financing Sustainable Development in Africa

Editors Uchenna R. Efobi Covenant University Ota, Nigeria

Simplice Asongu African Governance and Development Institute Yaoundé, Cameroon

ISBN 978-3-319-78842-5 ISBN 978-3-319-78843-2  (eBook) https://doi.org/10.1007/978-3-319-78843-2 Library of Congress Control Number: 2018937869 © The Editor(s) (if applicable) and The Author(s) 2018 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover image: © Chris Minihane/Gety Images Cover design by Akihiro Nakayama Printed on acid-free paper This Palgrave Macmillan imprint is published by the registered company Springer International Publishing AG part of Springer Nature The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Acknowledgements

The research materials on which this book is based have been through well thought out incarnations by the array of talented contributors and their research assistants, all of whom have in some way enhanced the content and quality of this book. The editors specifically would like to thank and acknowledge the contributions and substantive input of each of the contributors who have co-worked on this edition. Other important input to the finalization of this book was received from Kathleen G. Beegle and the UNCTAD Virtual Institute Secretariat for the quality publicizing of the call for wider contribution from African scholars. We are also grateful for comments from our peer reviewers for this edition. We gratefully acknowledge the support and enthusiasm for this project from Sarah Lawrence and Allison Neuburger, who helped in crafting the initial conceptualization of the ideas of this book. The Palgrave reviewers are also acknowledged for their suggestions that furthe