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Accepted Paper:

"Africa's financial sector potential in correlation to its resource ownership."  
Curtleigh Alaart (University of Pretoria)

Paper short abstract:

I aim to bring an authentically African, scholastic view emphasising how "land grabs for quick cash" has become a normalised rhetoric, how a financial sector from a job creation perspective can be achieved, and how Africa can attain "moderator" status in a financial sector.

Paper long abstract:

My proposal is titled "Africa's financial sector potential in correlation to its resource ownership." and explores 4 sections that I plan to discuss in greater detail. These sections include:

1. The current economic climate of neo-imperialism and resource exploitation.

2. How in the process of developing an African financial sector, adopting the Keynesian economic theory of socialising investment could increase public jobs whilst contributing to urbanisation.

3. The application of strategic fiscal policies, such as a higher tax on foreign transactions relating to the acquisition of African resources, as a means to benefit an African moderated market.

4. Finally, how making use of the recently implemented African Union free trade agreement could equate Africa's economic and service inequality and would thus establish good grounds for a financial sector.

Panel W10b
Financial Centres of the Future – What Role for Africa and Latin America?
  Session 1 Wednesday 6 July, 2022, -