Abstract:When a country participates in the global economy, it does so on the basis of foreign exchange inflows and outflows. Even the flow of ideas, in the form of intellectual property rights, entail services trade and foreign exchange. The extent to which exports dominate the inflows of foreign exchange into African countries may be surprising: at $421 billion in 2019, they eclipsed official development assistance ($31 billion), foreign direct investment inflows ($40 billion) and remittances ($84 billion) (Luke 2020… Show more
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.