Attracting Foreign Investment Through Privatization

Liberalization and Financial Sector Competition: A Critical Contribution to the Empirics with an African Assessment

“…(2) Openness has not been accompanied by a corresponding increase in financial allocation efficiency (Asongu, 2012c), leading to substantial issues of surplus liquidity in African financial institutions (Fouda, 2009;Saxegaard, 2006). Hence, there has been an increase in the demand for informal financial services (Aryeetey, 2005) to meet up the growing demand for investment needs in the continent (Rolfe & Woodward, 2004;Alagidede, 2008;Bartels et al, 2009;Tuomi , 2011;Kolstad & Wiig, 2011;Darley, 2012;Asongu, 2012d). This general positive nexus with the informal financial sector is also in line with recent African development literature that has established a positive correlation between the informal financial sector and soaring trends of mobile banking (Asongu, 2013a) and knowledge economy (Asongu, 2012a).…”

Terrorism and capital flight from Africa

“…Accordingly, there is a growing stream of African business literature supporting the need for investment 20 (Rolfe & Woodward, 2004;Bartels et al, 2009;Asiedu & Lien, 2011;Anyanwu, 2012).…”

Correcting Inflation with Financial Dynamic Fundamentals: Which Adjustments Matter in Africa?

“…Ultimately, low inflation in Africa would improve opportunities for efficient alternative forms of investment in compensation for the failed privatization projects. Consistent with Asongu (2012Asongu ( , 2013a SSA's share of Foreign Direct Investment (FDI) averages 1% of global flows (Bartels et al, 2009) and there is a pressing need for generation of private capital flows that are complementary to FDI (Rolfe & Woodward, 2004). Low inflation will ease the recommendation of Darley (2012) in the expansion of regional trade arrangements as key to looking outside traditional flows of FDI to Africa, which have been largely limited by political economy considerations, regulatory uncertainty, skills, labor, regulation and exchange rate volatility (Bartels et al, 2009;Tuomi, 2011).…”