Council for the Development of Social Science Research in Africa
Conseil pour le développement de la recherche en sciences sociales en Afrique
Conselho para o Desenvolvimento da Pesquisa em Ciências Sociais em África
مجلس تنمية البحوث الإجتماعية في أفريقيا

Globalization and the promise of good governance: The hidden and unofficial story of multinational corporations and their “magnificent African cake” (La mondialisation et la promesse de la bonne gouvernance: L’histoire cachée et non officielle des multinationales et de leur "magnifique gâteau africain")

Number of visits: 321

Ndongo Samba Sylla

Africa has always been one of the most profitable regions in the world. It is the region which devotes the highest share of its GDP to income payments to the rest of the world. Between the five decades that span between 1960 and 2009, this share has been rising and has nearly doubled. In the last decade, Africa was transferring as income payments 5.3% of its GDP on average to the rest of the world. Compare now this figure with those obtained from China (0.1%), the rich OECD countries (-0.4%), a growth success like Hong Kong (-1.5%), or an emerging country like India (0.7%). The conclusion is obvious: rich countries have tended to be net receiver (they don’t suffer important imbalances at least) of income whereas poor countries have tended to be net ‘exporters’ of income.

December 6 2013