{"product_id":"9783032013194","title":"Palgrave Studies in African and Development Economics: Overcoming Resource Dependence, Underdevelopment and Dysfunctional Capitalism","description":"\u003ch1\u003ePalgrave Studies in African and Development Economics: Overcoming Resource Dependence, Underdevelopment and Dysfunctional Capitalism\u003c\/h1\u003e \u003ch2\u003eGossel, Sean\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book explores the developmental prospects, risks, and implications of foreign direct investment (FDI) in sub-Saharan African (SSA). Despite the region’s significant potential, it continues to face complex challenges and significant capital shortages. In theory, FDI could promote development by supplementing domestic savings, enhancing financial systems, and promoting global integration, but it can also weaken the balance of payments and undermine domestic investment. In addition, SSA’s weak institutions and poor governance means that FDI may also contribute to dysfunctional capitalism and tax evasion.\u003c\/p\u003e\n\u003cp\u003eThis book argues that colonial legacies and flawed policy choices have entrenched institutional weaknesses and socio-economic outcomes that deter diversified FDI and attract extractive FDI, leading to underdevelopment and resource dependency while undermining industrialization and diversification. This book will be relevant to students, researchers, and policymakers interested in development economics and the political economy of SSA.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2025-10-02\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783032013194\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-032-01320-0\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 327\u003c\/p\u003e ","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":44309791834252,"sku":"9783032013194","price":116.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783032013194.jpg?v=1776870449","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783032013194","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}