1945

Introduction

image of Introduction

The increasing role of large developing countries in global trade, finance, investment and governance, coupled with their rapid economic growth, has rekindled interest in South–South cooperation and stimulated debate on its implications for Africa’s development (Kaplinsky and Farooki, 2009; Kaplinsky and Messner, 2008; Wang and Bio-Tchane, 2008; Jobelius, 2007; Ajakaiye, 2006). It has also opened up opportunities for economic cooperation between Africa and other developing countries. Available data indicate that the share of non-African developing countries in Africa’s total merchandise trade increased from 8 per cent in 1980 to 29 per cent in 2008 and their share in inward foreign direct investment (FDI) flows to the region rose from an average of 12 per cent over the period 1995–1999 to 16 per cent over the period 2000–2008.

Related Subject(s): Economic and Social Development
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