Definition Of Finance In Africa - 847 Words

have been carefully examined from multiple sources, mostly official, and supported by interviews and field surveys. Figure 1 below illustrates the development of how the topic was researched step by step across time. While the earlier book (Brautigam,2009 ) shows the general map of how China take actions in terms of finance in Africa, which is theoretic and lack of data support, the later article(Brautigam and Gallagher,2014 ) collects the officious data from 2003 to 2011 and focuses on the particular commodity-backed finance which is more specific in explaining the finance pattern: the Chinese government usually allows borrowers to repay these RMB loans with export goods, such as Tanzanias exported cashews, which are used to pay for†¦show more content†¦Instead, Brautigam and Gallagher (2014)point out that it is of speculative concern and both articles emphasize the inner importance, public opinions and data-based analysis about commodity-backed finance (Brautigam and Galla gher ; Brautigam and Hwang,2016). They both regard commodity-backed finance as the vital driving force in maintaining the finance pattern of Africa. Despite the similarities above, there are some difference among the researches. Method is the most obvious one .To work out the Chinese finance system in Africa, Brautigam(2009)interviews some related government officers and businessman to access to the financial pattern without specific data support. In contrast, Brautigam and Gallagher (2014) set on previous work by Brautigam (2009) and examine government, bank and press reports in both China and borrowing countries ,from 2003-2011, to copy-edit a list of loans and their characteristics. Then to copy-edit these data, he uses a scientific review of online media (Lexis/Nexis and Factiva) and then complicate these reports through consulting a various accessible sources in different languages. Lately, Brautigam and Hwang (2016) use the same way to continue a deeper research and broadens the time range from 2000 to 2014,comparing to 2003-2011 in the earlierShow MoreRelatedInvestigating the Role of Micro-Finance in Female Empowerment, Ka wangware Division, Nairobi County1519 Words   |  7 Pagesupon with contempt. In every society, especially in Africa, women are the most affected by poverty. To this effect, it is important that certain measures have to be taken to ameliorate the scourge of poverty. One of these measures is through micro-financing, which is geared towards empowering the poor in the society. Poverty is a canker worm that can extensively hinder the growth and development of any society. It is quit unfortunate that Africa as a continent suffer from poverty in different formsRead MoreEssay on Can Entrepreneurship Improve Africas Wellbeing Development1628 Words   |  7 PagesCan Entrepreneurship Improve Africa’s Wellbeing Development? 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