34,441
Views
18
CrossRef citations to date
0
Altmetric
Original Articles

Foreign aid, debt relief and Africa's development: problems and prospects

&
Pages 87-102 | Published online: 24 Jun 2009

References

  • Adedayo , A . 1999 . “ ‘The role of foreign aid in Nigeria's development’ ” . In Issues in Contemporary Political Economy of Nigeria , Edited by: Saliu , HA . 283 – 94 . Ilorin : Sally and Associates .
  • ‘Africa seeks shelter from global economic crisis’ , World News , 30 March 2009 , http://article.wn.com/view/2009/03/30/Africa_seeks_shelter_from_global_meltdown_y/ ( date accessed 8 April 2009 ).
  • Ajayi , SI . 2003 . “ ‘External debt, capital flight, and growth in Nigeria’ ” . In The Debt Trans in Nigeria: Towards a Sustainable Debt Strategy , Edited by: Okonjo-Iweala , N , Soludo , C and Muhtar , M . 105 – 52 . Trenton, NJ : Africa World Press Inc .
  • Ajayi , SI and Khan , M . 2000 . External Debt and Capital Flight in Sub-Saharan Africa , Washington, DC : International Monetary Fund .
  • Ake C , Democracy and Development in Africa . Washington, DC : Brookings Institutions , 1996 .
  • Ake , C . 2000 . The Feasibility of Democracy in Africa , Dakar : CODESRIA Books .
  • Akokpari J , The OAU, AU, NEPAD and the Promotion of Good Governance in Africa . EISA Occasional paper, No. 14 , 2004 .
  • Aluko S , ‘Background to globalisation and Africa's economic development’ , in NES , Globalisation and Africa's Economic Development . Ibadan : Nigerian Economic Society (NES) , 2004 , pp. 35 68 .
  • Brautigan DA & S Knack , ‘Foreign Aid, Institutions, and Governance in Sub-Saharan Africa’ , Economic Development and Cultural Change , 52. 2 , 2004 , pp. 255 85 .
  • Carlsson J , G Somolekae & N Van de Walle Foreign Aid in Africa: Learning from Country Experiences . Uppsala : Nordiska Afrikainstitutet , 1997 .
  • Centre for Global Development (CGD) , ‘Debt relief for Nigeria’ , 2006 , www.cgdev.org ( date accessed 20 July 2006 ).
  • Chabal P , ‘The quest for good governance and development in Africa: Is NEPAD the answer?’ , International Affairs , 78.3 , 2002 , pp. 447 62 .
  • Coutsoukis P , ‘Nigeria: Glossary index’ , 2004 , http://www.photius.com/countries/nigeria/glossary/index.html ( date accessed 8 April 2009 ).
  • Deverajan S , DR Dollar & T Holmgren Aid and Reform in Africa: Lessons from Ten Case Studies . Washington, DC : World Bank , 2001 .
  • Dugo H , ‘Foreign aid to Africa: Bonuses to corrupt and tyrannical rulers?’ , American Chronicle , 2009 , http://www.libertyforall.net/?p=2283 ( date accessed 8 April 2009 ).
  • Durbarry R , N Gemmell & D Greenaway , ‘New evidence on the impact of foreign aid on economic growth’ , Research Paper No. 98/8, University of Nottingham . Nottingham : Centre for Research in Economic Development and International Trade , 1998 .
  • Easterly W , ‘Can foreign aid save Africa?’ , Clemens Lecture Series . Collegeville, MN : Saint John's University , 2005 .
  • Easterly W , ‘The West can't save Africa’ , The Washington Post , 13 February 2006 , www.washingtonpost.com/wp-dyn/content/article/2006/02/12/AR2006021201150.html ( date accessed 8 April 2009 ).
  • Ekeh PP , ‘Colonialism and the two publics in Africa: A theoretical statement’ , Comparative Study in Society and History , 17.1 , 1975 , pp. 91 112 .
  • Okonjo-Iweala N , ‘Managing Nigeria's debt; institutional and governance aspects’ , in Okonjo-Iweala N , C Soludo & M Muhtar The Debt Trap in Nigeria . Trenton, NJ : Africa World Press Inc. , 2003 , pp. 167 97 .
  • Eurodad , ‘Africa NGOs respond to recent proposals on multilateral debt cancellation’ , 2005 , www.eurodad.org/whatsnew/reports.aspx?id=758 ( date accessed 20 July 2006 ).
  • Gibbon P , Y Bangura & A Ofstad Authoritarianism, Democracy and Adjustment: The Politics of Economic Reform in Africa . Uppsala : The Scandinavian Institute of African Studies , 1992 .
  • Goldsmith A , ‘Foreign aid and statehood in Africa’ , International Organisation , 55.1 , 2001 , pp. 23 48 .
  • Green JE and MS Khan , The African Debt Crisis , AERC Special Paper 3 . Nairobi : Initiative Publishers , 1990 .
  • Harsch E , ‘Profiting from the global economic meltdown: Africa seeks a voice in global financial management’ , 2009 , http://en.afrik.com/article15431.html ( date accessed 8 March 2009 ).
  • Ihinmodu II , ‘External loans and debt service problems in Nigerian economy’ , Nigerian Journal of Economics and Social Studies , 27 . 1 , 1985 , pp. 97 111 .
  • International Monetary Fund , ‘Poverty Reduction Strategy Paper (PRSP)’ , 2009 , http://www.imf.org/external/np/prsp/prsp.asp#pp ( date accessed 8 April 2009 ).
  • Jega AM Identity Transformation and Identity Politics Under Structural Adjustment in Nigeria . Uppsala : Nordiska Afrilainstitutet , 2000 .
  • Jike VT , ‘Globalisation and the crises of African development’ , Globalisation and Africa's Economic Development . Ibadan : NES , 2004 , pp. 159 84 .
  • Katsouris C , ‘Creditors making “major changes” in debt relief for poor countries’ , Africa Recovery Online , 2005 , www.un.org/ ecosocdev ( date accessed 20 July 2006 ).
  • Killick T , ‘Policy autonomy and the history of British aid to Africa’ , Development Policy Review , 23 . 6 , 2005 , pp. 665 81 .
  • Kramer R , ‘PanAfrica: G8 debt agreement to benefit 23 African countries; separate deal for Nigeria mooted’ , 2005 , http://allafrica.com/ stories ( date accessed 20 July 2006 ).
  • Lum T , H Fischer , J Gomez-Granger & A Leland , ‘China's foreign aid activities in Africa, Asia and Latin America’ , Congressional Research Service (CRS) Report for Congress , 7-5700, R40361 , 2009 , www.crs.org ( date accessed 8 April 2009 ).
  • Martens B , ‘Why do aid agencies exist’ , Development Policy Review , 23.6 , 2005 , pp. 643 63 .
  • Mbaku , JM . 2004 . “ ‘Fighting poverty and deprivation in Africa: The continuing struggle’ ” . In Africa at the Crossroads: Between Regionalism and Globalisation , Edited by: Mbaku , JM and Saxena , SC . 191 – 210 . London : Praeger .
  • Mbaku JM & SC Saxena Africa at the Crossroads: Between Regionalism and Globalization . London : Preaeger , 2004 .
  • McLaughling A , ‘What debt relief means for Africa’ , 2005 , www.odiousdebts.org/odiousdebts/index.cfm?DSP=content&ContentID=13125 ( date accessed 20 July 2006 ).
  • Mkandawire T , & A Olukoshi Between Liberalisation and Oppression: The politics of Structural Adjustment in Africa . Dakar : CODESRIA Books , 1996 .
  • Moyo D , ‘Why foreign aid is hurting Africa’ , 2009 , at http://online.wsj.com/article/SB123758895999200083.html ( date accessed 8 April 2009 ).
  • Nigerian Economic Society (NES) , Globalisation and Africa's Economic Development , Ibadan : NES , 2004 .
  • Obadan , MI . 2003 . “ ‘Toward Nigeria's sustainable debt strategy’ ” . In The Debt Trap in Nigeria: Towards a Sustainable Debt Strategy , Edited by: Okonjo-Iweala , N , Soludo , C and Muhtar , M . 195 – 213 . Trenton, NJ : Africa World Press Inc .
  • Obadan , MI . 2004a . Foreign Capital Flows and External Debt: Perspective on Nigeria and the LDCs Group , Lagos : Broadway Press Ltd .
  • Obadan MI , ‘Globalization and economic management in Africa’ , Globalisation and Africa's Economics Development . Ibadan : NES , 2004b , pp. 3 34 .
  • Obasanjo O , ‘Debt relief for Nigeria: A dividend of democracy’ , public address in Abuja , 30 June 2006 , www.nigeriafirst.org ( date accessed 20 July 2006 ).
  • Ochonu M , ‘Debt cancellation, aid and Live8: A moral response to critics’ , ACAS Bulletin , 71 , Fall , 2005 , pp. 16 21 .
  • Ojo MO , ‘ Globalization and Economic Development: International Experiences ’, in Globalization and Africa's Economic Development . Ibadan : Nigerian Economic Society (NES) , 2004 , pp. 69 106 .
  • Okonjo-Iweala N , ‘Managing Nigeria's debt; institutional and governance aspects’ , in Okonjo-Iweala N , C Soludo & M Muhtar The Debt Trap in Nigeria . Trenton, NJ : Africa World Press Inc. , 2003 , pp. 167 97 .
  • Okonjo-Iweala N , C Soludo & M Muhtar The Debt Trap in Nigeria: Towards a Sustainable Debt Strategy , Trenton, NJ : Africa World Press, Inc. , 2003 .
  • Olukoshi AO , Governing the African Development Process. The Challenges of the New Partnership for Africa's Development . NIIA Lecture Series No. 82 , 2002 .
  • Olurode , L . 2006 . A Third Term Agenda! To Be or Not To Be? , Lagos : Malthouse Press .
  • Omotola JS , ‘From importer to exporter: The changing role of Nigeria in promoting democratic values in Africa’ , in Pretorius J African Politics: Beyond the Third Wave of Democratisation . Cape Town : Juta Academic Press , 2008 , pp. 32 54 .
  • Omotola JS , ‘Garrison democracy in Nigeria: The 2007 general elections and the prospects of democratic consolidation’ , Commonwealth and Comparative Politics , 47.2 , 2009 , pp. 195 221 .
  • Omotola JS & KE Enejo , ‘Globalization, World Trade Organization and the challenges of sustainable development in Africa’ , Journal of Sustainable Development in Africa, 10 . 4 , 2009 , 520 539 .
  • Onimode , B . 2000 . Africa in the World of the 21st Century , Ibadan : Ibadan University Press .
  • Osaghae E , ‘Democratization in sub-Saharan Africa: Faltering prospects, new hopes’ , Journal of Contemporary African Studies , 17.1 , 1999 , pp. 4 25 .
  • Owuso F , ‘ Discourse on development from dependency to neoliberalism ’, in Smith M Beyond the African Tragedy: Discourses on Development and the Global Economy . Surrey : Ashgate , 2006 , pp. 25 47 .
  • Pettifor A , ‘ A global agenda for dealing with debt ’ in Okonjo-Iweala N , C Soludo & M Muhtar The Debt Trap in Nigeria , Trenton, NJ : Africa World Press Inc. , 2003 , pp. 255 76 .
  • Sachs J , ‘ Why Nigeria needs debt cancellation now ’, in Okonjo-Iweala N , C Soludo & M Muhtar The Debt Trap in Nigeria , Trenton, NJ : Africa World Press Inc. , 2003 , pp. 217 24 .
  • Saliu HA , ‘The politics of foreign investment’ , in Saliu HA Issues in Contemporary Political Economy of Nigeria . Ilorin : Sally and Associates , 1999 , pp. 295 309 .
  • Sogo-Temi J , ‘Indebtedness and Nigeria's development’ , in Saliu HA Issues in Contemporary Political Economy of Nigeria . Ilorin : Sally and Associates , 1999 , pp. 310 29 .
  • Soludo CC , ‘Debt, poverty and inequality: Towards an exit strategy for Nigeria and Africa’ , in Okonjo-Iweala N , C Soludo & M Muhtar The Debt Trap in Nigeria . Trenton, NJ : Africa World Press Inc. , 2003 , pp. 23 74 .
  • Todaro , M . 1977 . Economics for Developing World , Singapore : Longman .
  • Uwatt BU , ‘ Globalisation and economic growth: The African experience ’, Globalisation and Africa's Economic Development , Ibadan : NES , 2004 , pp. 129 59 .
  • Wheeler G , ‘Sound practices in government debt management’ , in Okonjo-Iweala N , C Soludo & M Muhtar The Debt Trap in Nigeria . Trenton, NJ : Africa World Press Inc. , 2003 , pp. 155 66 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.