Features of Financing Development in Sub-Saharan African Countries

Alhassan, Tijani Forgor

doi:10.1007/978-3-030-80485-5_93

Cited by 4 publications

(1 citation statement)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Among the aspects of development that developing countries strive to finance are economic growth. Alhassanz (2019) investigated the effects of access to finance and related activities on innovative growth and development in Sub-Saharan Africa. The study found positive correlations between economic growth and a host of other variables that include domestic credits to private sector, domestic credit to credits provided apart from the private sector, central government credits, bank credit to private sector, and inflation.…”

Section: Financing Development In the Global Southmentioning

confidence: 99%

Diplomacy and The Birth of Islamic Finance As An Alternative Financing Source for The Global South

Usman¹,

Huda²,

Sa’ad³

2022

IJARBSS

View full text Add to dashboard Cite

Islamic finance (IF) is the latest form of international financial system that emerged to offer an alternative source of financing development particularly among some countries in the global South. The aim of this article is to explore the role of diplomacy in the emergence of IF as an alternative financing source particularly for the global South. This article argues that IF was born out of diplomatic process, like its counterpart the Bretton Woods system. It further argues that, to understand the emergence and the forces behind the emergence of Islamic financial system, there is need to look at the context of the notion of South-South Cooperation that was conceived in 1950s and gained momentum in 1960s. The notion of South-South Cooperation showed to the Muslim world the possibility of creating a new financial system that began with the formation of the Organization of Islamic Conference (OIC) in 1969, the establishment of Islamic Development Bank (IDB) in 1973 and consolidated with the Mecca Conference in 1976. This article concludes that although international financial systems are always the product of diplomacy, however, the nexus between the two has been overlooked by researchers. It, therefore, recommends that future studies examine this relationship in an in-depth manner.

show abstract

Section: Financing Development In the Global Southmentioning

confidence: 99%

Diplomacy and The Birth of Islamic Finance As An Alternative Financing Source for The Global South

Usman¹,

Huda²,

Sa’ad³

2022

IJARBSS

View full text Add to dashboard Cite

show abstract

Sukuk’s Role in Financing Infrastructural Development During the Covid-19 Pandemic in Nigeria

Usman¹,

Sa’ad²

2023

Contributions to Management Science

View full text Add to dashboard Cite

The role of special economic zones (SEZs) in achieving sustainable development in Nigeria

Alhassan,

Stepannikova,

Chebukhanova

2023

E3S Web of Conf.

View full text Add to dashboard Cite

The development and implementation of Special Economic Zones (SEZs) has become one of the main directions of investment policies to many economies. The creation of SEZs is aimed at attracting foreign investment and boosting the entry of their manufacturers into the world market. This paper assesses the impact of SEZ programs on the sustainable development in Nigeria and define how SEZs contribute to employment and exports in selected sub-Saharan African countries. Furthermore, the effectiveness of certain types of financing in the main sectors and the level of their impact on sustainable development in Nigeria was analyzed. It was revealed that the mining sector financing methods do not seem to support or deliver on Nigeria's development goals, making it completely ineffective given the issues identified as well as the sector's contribution to improving the country's socio-economic performance. In other words, Nigeria should create various mechanisms and models for financing its manufacturing and agro-industrial complex through the creation of SEZs, as well as create the necessary preferential regimes in these sectors that can attract and direct huge investments in the manufacturing agricultural industries of these sectors. The authors developed a model for the relationship of investment with these indicators in African countries. A model was used to determine the degree to which job growth (p) and exports (e) are dependent on investment in special economic zones (SEZs). They conclude that the investment in SEZs is positively associated with job growth and exports.

show abstract

Features of Financing Development in Sub-Saharan African Countries

Cited by 4 publications

References 10 publications

Diplomacy and The Birth of Islamic Finance As An Alternative Financing Source for The Global South

Diplomacy and The Birth of Islamic Finance As An Alternative Financing Source for The Global South

Sukuk’s Role in Financing Infrastructural Development During the Covid-19 Pandemic in Nigeria

The role of special economic zones (SEZs) in achieving sustainable development in Nigeria

Contact Info

Product

Resources

About