Mozambican economic porosity and the role of Brazilian capital: a political economy analysis

After two decades of high growth and increased levels of foreign investment, Mozambique continues to face serious problems in reducing poverty. This article investigates the characteristics of Brazilian aid to and investment in Mozambique and scrutinises how these activities relate to the Mozambican...

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Bibliographic Details
Published in:Review of African political economy 2017-03, Vol.44 (151), p.104-121
Main Authors: Nogueira, Isabela, Ollinaho, Ossi, Pinto, Eduardo Costa, Baruco, Grasiela, Saludjian, Alexis, Pinto, José Paulo Guedes, Balanco, Paulo, Schonerwald, Carlos
Format: Article
Language:English
Subjects:
aide internationale
Antipoverty programs
Brazil
Brésil
Dues and fees
Economic growth
economic porosity
Foreign aid
foreign direct investment
Foreign investment
international aid
investissement étranger direct
Investments
Mozambique
Political economy
porosité économique
Poverty
Social classes
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Summary:After two decades of high growth and increased levels of foreign investment, Mozambique continues to face serious problems in reducing poverty. This article investigates the characteristics of Brazilian aid to and investment in Mozambique and scrutinises how these activities relate to the Mozambican growth. Combining the literature on the porosity of Mozambican growth with an analysis of the class dynamics of Brazilian accumulation, this article identifies the class fractions that sustained the Brazilian neo-developmental attempt and their capital internationalisation into Africa. Moreover, it empirically details their role in giving form to porosity in the Mozambique economy and promoting private gains at the expense of social losses.
ISSN:0305-6244
1740-1720
DOI:10.1080/03056244.2017.1295367