Promoting U.S. Investment in Sub-Saharan Africa

Abstract

The global political economy is in flux as a series of cumulative crises impacts its organization and governance. The IPE series has tracked its development in both analysis and structure over the last three decades. It has always had a concentration on the global South. Now the South increasingly challenges the North as the centre of development, also reflected in a growing number of submissions and publications on indebted Eurozone economies in Southern Europe.An indispensable resource for scholars and researchers, the series examines a variety of capitalisms and connections by focusing on emerging economies, companies and sectors, debates and policies. It informs diverse policy communities as the established trans-Atlantic North declines and 'the rest', especially the BRICS, rise.

Legitimacy Spillovers and Political Risk: The Case of FDI in the East African Community

“…The United States entered into negotiations with EAC member countries in 2000 to create development cooperation under the guidelines of the WTO (Hendrickson, 2014;Tanzania Investment Center, 2014). Under the U.S. Africa Growth and Opportunity Act (AGOA) initiatives, the agreement offers incentives for EAC countries to export a wide range of products to the U.S., but also allows U.S. firms to increase exports to EAC countries (Hendrickson, 2014). As of 2014, the U.S. has conducted $2.8 billion in total goods trade with EAC members under AGOA initiatives (Tanzania Investment Center, 2014).…”

The role of the fourth industrial revolution in achieving economic development: challenges and opportunities

“…It is likely that the 4IR will improve the quality of life for populations around the world, similar to previous revolutions (Hatim, 2020;Devermont, 2021). As a result, technology has made possible new products and services that enhance the efficiency and pleasure of our daily lives (Giz, 2020;Mzekondaba, 2020).…”

“…Despite this, today's decision-makers are trapped in traditional, linear thinking, or too absorbed in the multiple crises consuming their attention to think strategically about future disruptions and innovation. People and values are what ultimately matter (Devermont, 2021). People must be empowered to shape a future that works for all of us.…”

“…A new level of automation is being achieved in the 4IR, blurring the lines between physical, digital, and biological spheres as technologies are used to perform tasks previously performed by humans, including piloting vehicles and 'rule-based' jobs in accounting (Law Gautam, Goyal & Maloney, 2020). A major difference between the 4IR and other Industrial Revolutions (IRs) is its scale, scope, and complexity; therefore, the transformation will be unlike anything humankind has ever experienced (Hatim, 2020;Devermont, 2021). It is not merely a continuation of the Third Industrial Revolution (3IR), but rather a distinct revolution in its own right.…”