Re: Sub-Saharan Africa

Sat, 29 Mar 1997 18:30:42 +0000
Karl Carlile (

Karl: Thank you for repsonding Hassan.

I doubt if the rate of profit and exploitable resorces are high enough in
this region to attract private capital. The other main source of capital
in-flow is from the IMF/Wold Bank, who lend least to the poorest countries
because the recovery of the loans and interest is not fully secured.

On Thu, 27 Mar 1997, Karl Carlile wrote:

> KARL CARLILE:Can anyone offer an explanation as to why capital flows
> to sub-Saharan Africa have dminised to a trickle flow over the last
> decade or more?
> Given that the rate of profit must be higher in this region why and
> how does it happen that capital fails to accumulate there in a
> substantive way.
> Marxist political economy's failure to explain this yet offer cogent
> expalanation of the character of capital accumulation in the West or
> in economies of the gang of four.
> Yours etc.,
> Karl
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Yours etc.,