Capital Accumulation in Eastern and Southern Africa
Capital Accumulation in Eastern and Southern Africa

Author: Ravi Gulhati

Publisher: World Bank Publications

Published: 1983

Total Pages: 108

ISBN-13:

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This paper attempts to analyze the magnitude of the setback in capital accumulation in Eastern and Southern Africa and the proximate causes of this phenomenon. The sample consists of 16 countries and available data for the late 1960s and 1970s are explored. Given the weakness of the statistics, the authors rely more on expert observations than on rigorous quantitative assessments; available data are analyzed, however. Capital formation increased fairly rapidly during 1967-1974 but then slowed down considerably. Investment was financed to a considerable extent by external concession assistance; rapid growth in such funds during the late 1970s helped offset declining national savings rates to some extent. The setback in investment rates was greatly accentuated by a large and widespread deterioration in the productivity of capital brought about by the impact of government policy, strained absorptive capacity and a variety of exogenous factors.

Capital Penetration and the Peasantry in Southern and Eastern Africa
Capital Penetration and the Peasantry in Southern and Eastern Africa

Author: Freedom Mazwi

Publisher: Springer Nature

Published: 2022-02-12

Total Pages: 237

ISBN-13: 3030898245

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This book examines the impact of neoliberalism on peasant agriculture as a key livelihood strategy in Southern and Eastern Africa, against the background of the current development crisis and the crossroads that Southern and Eastern Africa faces. It systematically analyses how the neoliberal architecture has deepened extroverted production for capitalist accumulation and how this has been to the detriment of the rural labour force and small scale and communal landowners. Apart from examining how neoliberalism has triggered land alienations, the book further argues that such policies have also impacted negatively on food security in a number of ways. The book presents empirical evidence through twelve case studies, emerging from in-depth original fieldwork carried out in seven countries in the Southern and Eastern African region. This book is a must-read for scholars of economics,sociology, anthropology, history, agrarian studies and political science, as well as practitioners and policy-makers, interested in a better understanding of the impact of the agrarian neoliberal restructuring on the peasantry in Southern Africa.

The Free Trade Area of the Common Market for Eastern and Southern Africa
The Free Trade Area of the Common Market for Eastern and Southern Africa

Author: Victor Murinde

Publisher: Routledge

Published: 2017-05-15

Total Pages: 274

ISBN-13: 1351889400

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In the last ten years, while GATT and (later) WTO were actively advocating the doctrine of free trade, the world witnessed unprecedented formation of regional trading blocs. Focusing on the prospects and challenges of the free trade area of the Common Market for Eastern and Southern Africa (COMESA) and the question of regional trade integration, the book also combines in-depth theoretical and empirical analysis with leading edge discussion of institutional and policy issues from a variety of African economies. This text makes a timely contribution not only to our understanding of the prospects and challenges of regional trading arrangements in Africa but also to the paradigm of regional trade integration in developing countries. Systematically structured, with thematically linked chapters and rigorous referencing, it is an essential guide for an international audience of academics, researchers, students and practitioners in International Trade, International Economics, Development Finance and Development Economics.