Effects of Direct Foreign Capital on Economic Performance of Developing Countries: Case Study of Sudan (2000-2009)

International Finance Journal, Vol. 3, No. 71, 2011

27 Pages Posted: 4 Apr 2011 Last revised: 17 Apr 2011

Issam A.W. Mohamed

Al-Neelain University - Department of Economics

Date Written: April 3, 2011

Abstract

The performance of the Sudanese economy is an enigma of continuous failures even with all the potentials of country's resources. The current paper present impacts of direct foreign capital inflows to the Sudanese economy. It is observed that there were ample expansions after oil discovery and extraction in the country. However, signs are that such inflows slowed down after the global economic crisis. There also general failure of the Sudan Central Bank in controlling money supply and foreign currency exchange rates. That is probably due to multiple and unapplied policies or indecisive trends of floating foreign currency exchange rates or controlling them. Good policies were drawn but big questions are raised if they were really implemented. Strong signals are shown that directed foreign capital inflows did not find a welcoming grounds, so they were focused on oil industry or land acquisitions for quick profits of speculations.

Notes: Downloadable document is in Arabic.

Keywords: Sudan, Foreign Direct Investment, Structural Adjustment, Strategies

Suggested Citation

Mohamed, Issam A.W., Effects of Direct Foreign Capital on Economic Performance of Developing Countries: Case Study of Sudan (2000-2009) (April 3, 2011). International Finance Journal, Vol. 3, No. 71, 2011. Available at SSRN: https://ssrn.com/abstract=1801651

Issam A.W. Mohamed (Contact Author)

Al-Neelain University - Department of Economics ( email )

P.O. Box 12910-11111
Khartoum, Khartoum 11111
Sudan
249122548254 (Phone)

HOME PAGE: http://works.bepress.com/issamawmohamed/

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