Compared to other regions of the world, Africa is lagging in its drive toward knowledgebased economies. This study systematically reviews the literature in order to highlight the policies and strategies with which African countries can accelerate their current drive towards building...

This note reconciles an on-going debate on the effect of foreign aid on corruption by introducing a previously missing heterogeneity dimension of aid. The relationship was estimated using dynamic system GMM and quantile regressions (QR). Results show that both narratives in the debate are...

In the light of evidence that poverty has been decreasing in all regions of the World with the exception of Africa, where about 45 percent of countries in Sub-Saharan Africa did not achieve the Millennium Development Goal (MDG) extreme poverty target. Therefore, this study assesses whether...

Motivated by evidence that extreme poverty has been decreasing in all regions of the world with the exception of Africa, the study contributes to the literature on reinventing foreign aid by assessing if development assistance can sustain inclusive human development. The empirical evidence is...

Purpose - This study examines how doing business affects inclusive human development in 48 sub-Saharan Africa for the period 2000-2012.Design/methodology/approach - The measurement of inclusive human development encompasses both absolute pro-poor and relative pro-poor concepts of inclusive...

This survey essay reviews over 200 papers in arguing that in order to achieve sustainable and inclusive development, foreign aid should not orient developing countries towards industrialisation in the perspective of Kuznets but in the view of Piketty. Abandoning the former's view that inequality...

This paper assesses the aid-development nexus in 52 African countries using updated data (1996-2010) and a new indicator of human development (adjusted for inequality). The effects of Total Net Official Development Assistance (NODA), NODA from the Development Assistance Committee (DAC) and NODA...

This paper assesses the effectiveness of foreign aid in improving government institutions in 52 African countries using updated data (1996-2010). Findings suggest development assistance deteriorates government quality dynamics of corruption-control, political-stability, rule of law, regulation...

Hitherto financial drivers of human development have been unexplored by the UNDP. This paper assesses determinants of human development from financial dynamics of depth, efficiency, size and activity on data from 38 developing countries. While the importance of financial activity, size and depth...

The Washington consensus, the hitherto dominant scheme is being encroached by the Beijing model. Many African nations are increasingly embracing this Beijing approach because the dominant Western model has failed to deliver on a number of fronts. This is increasingly evident because China's...