This book describes and addresses the challenges faced by middle-income countries, who have sustained enough economic growth to transition out of low-income status, but who are unable to grow fast enough to resemble high-income countries. By mapping development trends since the 1960s, it examines the causes of the middle-income trap and the specific economic conditions that define the countries in this position. The policies that have previously helped other countries escape the middle-income trap are evaluated to create a policy framework for African countries attempting to bridge the development gap.

This book, which brings together case studies from the Côte d’Ivoire, South Africa, Nigeria, Botswana, and Morocco, offers a new model for economic growth that considers the history of Africa and the economic challenges the continent currently faces. It will be of interest to researchers and policymakers working in development economics, African economics, and economic policy.

This handbook presents a wide-ranging and thorough overview of research topics and policy considerations in the field of development finance. The handbook brings together international contributions from both practitioners and academics to provide global, regional and national perspectives.

Chapters are devoted to global contexts for development finance (including the Sustainable Development Goals framework); development financial planning in country-specific settings; domestic resource mobilization for economic development; external sources of finance including aid, foreign direct investment, remittances and illicit financial flows; innovative methods in development finance such as socially-responsible investment and faith-based finance; and mechanisms for blending public and private funding sources to support and sustain large infrastructure. The evolving area of climate finance, disaster risk reduction schemes, the role of FinTech in financial development, and rural credit markets are also discussed. The handbook also offers tools for the measurement of development finance impact on variables such as financial inclusion, sustainable economic growth and poverty reduction.

Fully situated in the context of the international monetary system and recent global regulatory changes, as well as current debates concerning sustainable development, this handbook will act as an authoritative reference for students, researchers, and policy makers in this rapidly growing field.

This book describes and addresses the challenges faced by middle-income countries, who have sustained enough economic growth to transition out of low-income status, but who are unable to grow fast enough to resemble high-income countries. By mapping development trends since the 1960s, it examines the causes of the middle-income trap and the specific economic conditions that define the countries in this position. The policies that have previously helped other countries escape the middle-income trap are evaluated to create a policy framework for African countries attempting to bridge the development gap.

This book, which brings together case studies from the Côte d’Ivoire, South Africa, Nigeria, Botswana, and Morocco, offers a new model for economic growth that considers the history of Africa and the economic challenges the continent currently faces. It will be of interest to researchers and policymakers working in development economics, African economics, and economic policy.

This handbook presents a wide-ranging and thorough overview of research topics and policy considerations in the field of development finance. The handbook brings together international contributions from both practitioners and academics to provide global, regional and national perspectives.

Chapters are devoted to global contexts for development finance (including the Sustainable Development Goals framework); development financial planning in country-specific settings; domestic resource mobilization for economic development; external sources of finance including aid, foreign direct investment, remittances and illicit financial flows; innovative methods in development finance such as socially-responsible investment and faith-based finance; and mechanisms for blending public and private funding sources to support and sustain large infrastructure. The evolving area of climate finance, disaster risk reduction schemes, the role of FinTech in financial development, and rural credit markets are also discussed. The handbook also offers tools for the measurement of development finance impact on variables such as financial inclusion, sustainable economic growth and poverty reduction.

Fully situated in the context of the international monetary system and recent global regulatory changes, as well as current debates concerning sustainable development, this handbook will act as an authoritative reference for students, researchers, and policy makers in this rapidly growing field.