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Capital movements

Globalization and restructuring of African commodity flows

Medarbetare: Fold, Niels | Nylandsted Larsen, Marianne
Utgivare: Uppsala : Nordiska Afrikainstitutet
År: 2008
Ämnesord: Economic performance, international trade, Commodities, Commodity markets, Capital movements, Marginality, Globalization, Economic analysis, case studies, Africa, Business and economics, Ekonomi
African countries have been incorporated into present processes of economic globalization in a more nuanced way than is usually claimed. Obviously, structural changes and economic growth have not been on the scale seen in other developing country regions, Southeast Asia in particular. However, the increasing global interaction between functionally integrated foci of production and services has also affected Africa in ways that are changing the material foundations of economic and social life on the continent. These processes are not uniform throughout Africa, but affect local, national and regional actors and institutions in diverse and complex ways. In short, globalization in Africa is an uneven process, integrating or re-integrating some localities and communities in global flows of goods, finance and information, while marginalizing or excluding others. The aim of this book is to grasp the diversity of these globalization processes in a systematic way by adopting a common analytical framework, the Global Value Chain approach. Commodity-specific data in two or more countries are taken as a point of departure and the variations and similarities in linkages between local, national, regional and global chain segments are examined. The book is based on original quantitative and qualitative data, collected during fieldwork by the authors.

Migrant remittances. An overview of global and Swedish flows

Upphovsperson: Engdahl, Mattias
Utgivare: Nordiska Afrikainstitutet, Globalization, Trade and Regional Integration | Uppsala : Nordiska Afrikainstitutet
År: 2009
Ämnesord: Migrant workers, Remittances, Capital movements, Developing countries, Sweden, Foreign aid, Development policy, economics, Nationalekonomi
Migrant remittances – money and gifts sent to relatives back home – have attracted increasing international attention. The flow of remittances has become a major source of revenue for developing countries, exceeding the volume of aid. Three recent studies at Uppsala University bring this issue to light in the context of Sweden’s Policy for Global Development. Very little has so far been known about the flow of remittances from Sweden; official data indicate an amount exceeding 4 billion kronor in 2006. The real flows are most likely higher; Swedish and international studies estimate that real remittances are 30-50 per cent above the officially recorded amounts. Statistics Sweden (SCB) is recommended to enhance its records of remittances in terms of desirable scope and reliability, for instance regarding specification of the amounts remitted to different countries. Remittance flows from Sweden are linked to the remitters’ incomes and, hence, vary with the business cycle. Experience suggests that the ongoing world economic crisis will have a negative impact on remittance flows also from Sweden. It is suggested that enhanced knowledge in Sweden about available remittance services and their costs and measures to promote a better functioning remittance market could increase the net value of these money.

The African economy and its role in the world economy

Upphovspersoner: Bigsten, Arne | Durevall, Dick
Utgivare: Nordiska Afrikainstitutet | Uppsala : Nordiska Afrikainstitutet
År: 2008
Ämnesord: Economic performance, international economic relations, international trade, Capital movements, Globalization, Structural adjustment, Economic and social development, Policy making, Africa South of Sahara, Sweden, Business and economics, Ekonomi
In a broad survey this issue of Current African Issues presents a multifaceted picture of the current state of the African economy. After a period of falling per capita incomes that started in the 1970s, Africa finally saw a turnaround from about 1995. The last few years have seen average per capita incomes in Africa grow by above 3 per cent per year on average, partly due to the resource boom but also due to improved economic policies. Africa receives more aid per capita than any other major region in the world and there is a significantly positive effect of aid on growth. One of the most notable aspects of the current process of globalisation is the increase in trade between Sub-Saharan Africa and Asia, particularly China and India. The authors conclude with a call for policy coherence among donors. The politically most problematic areas for policy change of those discussed in the paper are not aid policy but trade policy and the European Union CAP (Common Agricultural Policy). This is a challenge to EU policy makers, since the latter areas are probably the most important to change if we take our commitment to development seriously.