Can Capital Be Disinterested?
Most of what Africa attracts is disinterested capital: a capital relationship in which the provider can collect the return it seeks without the receiving economy becoming more productive.
Dennis Matanda
Welcome to Capital Composition
Each paper takes one question about capital and tests it against evidence: which institutions teach capital to behave, which let it avoid the lesson, and what a government can do about either.
Why Global Capitalists Remain Disinterested in Africa
Disinterested capital is not bad capital or even the Wrong Kind of Capital. It is capital whose return does not wait for Africa to develop, and a continent financed mostly by that kind of capital can grow for a very long time without developing.