Africa between Financialization and its Commodities: Post-pandemic Economic Development Path

Alicia Girón and Andrea Reyes

Journal of Economic Issues, 2023, vol. 57, issue 2, 555-566

Abstract: The objective of this article is to delve into the development of the region’s financial fragility and economic instability process in an environment where, in the absence of the United States, other agents such as Turkey, the United Arab Emirates, Saudi Arabia, Russia, and the growing presence of China, have emerged. An inflationary environment, high indebtedness, and rising interest rates in the short term are placing countries of the region to the limit due to the lack of a full employment policy given the burden of servicing external debt and the need to import food, fertilizers, and fuel. This situation prioritizes institutional investors who play a determining role in the economic development of the African region.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:57:y:2023:i:2:p:555-566

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DOI: 10.1080/00213624.2023.2202140

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