This book argues that capitalism has practically failed to deliver the long-desired economic transformation and inclusive development in postcolonial Africa. The principal factor that accounts for this failure is the prolific non-productive forms of capitalism that tend to be dominant in the African continent and their governance dimensions. The research explores how and why capitalism has failed in the African context and the feasibility of turning it around. The book meets the demands of diverse audiences in the fields of International Political Economy, Development Economics,...

This book aims to foster a better understanding of the particular challenges faced by resource-dependent countries or jurisdictions in managing their resource revenues through natural resource funds (NRFs). It explores the varieties of natural resource management strategies as dictated primarily by domestic politics, and how the potential negative distributional consequences of resource wealth management (the resource curse) may add political dimensions and potential conflicts to decisions about NRFs in ways that other sovereign wealth funds (SWFs) do not experience.

By bridging the...

This book concerns with the analysis of the impact of globalization on international migration from a distinct international political economy perspective. It confronts theoretical debates from the different international political economy (IPE) approaches and elaborates on the implications of different theories in policymaking and political realms. Here, migration is examined as an integral part of the global political economy that is structurally connected to the process of globalization, although the definition of globalization itself is a subject of enquiry.

This book comparatively examines the China–South Africa trade relationship over three decades through the prism of four other relationships South Africa has with states that have been China’s most contentious neighbours in the Indo-Pacific (India, Japan, Taiwan and the USA). Asia is widely expected to be the new economic centre of gravity in international relations, particularly for trade. Yet despite the story of growth for both it and its neighbours, China ranks above all these countries in terms of trade partnership with South Africa and a majority of states across the globe. This...

This book uses the idea of internal cohesion through intra-BRICS cooperation to make the argument that the next phase in the evolution of BRICS is to strengthen cooperation among BRICS countries in the implementation of decisions taken. There is a risk that what the BRICS promises and what it represents both in the eyes of its friends and foes might not materialise in the absence of central institutions. So, the book calls for the deepening intra-BRICS cooperation across all policy areas where there are already undertakings could help mitigate this risk.