Investment and Risk in Africa

  • Paul Collier
  • Catherine Pattillo

Part of the Studies on the African economies book series (SAES)

Table of contents

  1. Front Matter
    Pages i-ix
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. Paul Collier, Catherine Pattillo
      Pages 3-30
  3. Risk in Africa: Its Causes and its Effects on Investment

    1. Front Matter
      Pages 31-31
    2. Nadeem Ul Haque, Nelson Mark, Donald J. Mathieson
      Pages 33-70
    3. Frederick Z. Jaspersen, Anthony H. Aylward, A. David Knox
      Pages 71-95
    4. Claude B. Erb, Campbell R. Harvey, Tadas E. Viskanta
      Pages 122-150
  4. Reducing Risk through Domestic Agencies of Restraint

    1. Front Matter
      Pages 167-167
    2. Louis A. Kasekende, Iftikhar Hussain
      Pages 169-184
    3. Christopher S. Adam, David L. Bevan
      Pages 185-218
  5. Reducing Risk through External Agencies of Restraint

    1. Front Matter
      Pages 273-273
    2. David Stasavage
      Pages 275-307
    3. Ravi Kanbur
      Pages 308-322
    4. Gerald T. West
      Pages 323-337
    5. Paul Collier, Jan Willem Gunning
      Pages 338-351
  6. Conclusion

    1. Front Matter
      Pages 363-363
    2. Robert H. Bates
      Pages 365-372
  7. Back Matter
    Pages 373-388

About this book


This book brings together academics in the fields of economics, political science, and law, with business practitioners in the fields of risk assessment and portfolio management. Their contributions are sequenced to tell a story. Africa is perceived as being a highly risky continent. As a result, investment is discouraged. These risks are partly exaggerated. However, to the extent that they reflect genuine problems, they are capable of being mitigated by insurance and reduced by political restraints such as central banks, investment charters, and international agreements.


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Editors and affiliations

  • Paul Collier
    • 1
  • Catherine Pattillo
    • 2
  1. 1.Policy Research GroupThe World BankUSA
  2. 2.Research DepartmentInternational Monetary FundUSA

Bibliographic information

Industry Sectors
Finance, Business & Banking