This paper reviews different literature strands and performs empirical tests to identify new stylized facts on how capital ownership, particularly its nationality, relates to long-run economic development. The results indicate that low and middle-income countries with larger foreign capital...

This edited volume examines the challenges of globalization in light of the need to revisit and reconceptualize the notion of Pan-Africanism. The first part of the book examines globalization and Africa's socioeconomic and political development in this century by using the Diopian...