The paper explores a coherent perspective for understanding the multifaceted puzzle of China‘s financial development. Specifically, it tests competing finance-growth nexus hypotheses using Granger causality tests in a VECM framework for China over the period 1980–2002. The empirical results...

This essay has explored the validity of Marxist dependency theories in the context of the emerging China-Africa trade and economic relations. Whereas dependency theory assumes that economic domination runs across north-south geoeconomic patterns, this discussion has shown that the China-Africa...

Based on a brief review of the development paradigm shifts, growth theories and perspectives that have influenced four decades of African economic development, this paper suggests that the challenges confronting African development result primarily from continuously shifting paradigms and...

The present paper draws heavily on the existing empirical literature and compares Asian (mainly the high-performing economies) and African economies to illuminate the patterns of economic development as they developed since the 1960s. The discussion points to strong physical and human capital...

China‘s strong economic performance and its financial development outcomes are extremely difficult to reconcile with the dominant verdict that its financial system is seriously inefficient. Using an evolutionary perspective as a metaphor, this essay offered suggestions that adaptive efficiency...