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10. Public Debt and Social Inclusion in Africa: Theoretical and Empirical Perspectives

  • 2025
  • OriginalPaper
  • Chapter
Published in:
Authors
Bismark Mutizwa
Michael Takudzwa Pasara
Published in
Public Finance Management in the Development Matrix of the Global South
Publisher
Springer Nature Switzerland

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Abstract

This chapter delves into the intricate dynamics of public debt and its profound impact on social inclusion across Africa. It begins by examining the shifting landscape of African debt, highlighting the growing influence of China as a major creditor and the implications of debt-trap diplomacy. The chapter then explores the theoretical foundations of public debt, including various debt instruments and the concept of debt sustainability. It also discusses the theoretical underpinnings of social inclusion, emphasizing the importance of addressing exclusion in all its dimensions. The chapter further analyzes the drivers of public debt in Africa, such as foreign aid, fiscal deficits, and trade openness, and the role of public debt in economic development. It concludes by reflecting on the impact of public debt on social inclusion, particularly in areas such as poverty and income inequality, healthcare, and education. The chapter underscores the need for robust debt management strategies to foster inclusive economic growth and social inclusion in Africa.
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previous chapter Testing Wagner’s Law on Public Expenditure and Economic Growth in Zimbabwe (1990–2020)
next chapter Public Debt Crisis: Status and Implications in the SADC Region
Title
Public Debt and Social Inclusion in Africa: Theoretical and Empirical Perspectives
Authors
Bismark Mutizwa
Michael Takudzwa Pasara
Copyright Year
2025
Book
Public Finance Management in the Development Matrix of the Global South

Print ISBN: 978-3-032-00524-3

Electronic ISBN: 978-3-032-00525-0

Copyright Year: 2025

DOI
https://doi.org/10.1007/978-3-032-00525-0_10
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