Main Data
Editor: Bernard Michael Gilroy, Thomas Gries, Willem A. Naudé
Title: Multinational Enterprises, Foreign Direct Investment and Growth in Africa South African Perspectives
Publisher: Physica-Verlag
ISBN/ISSN: 9783790816105
Edition: 1
Price: CHF 135.50
Publication date: 01/01/2006
Category: Politik, Gesellschaft, Arbeit
Language: English
Technical Data
Pages: 312
Kopierschutz: DRM
Geräte: PC/MAC/eReader/Tablet
Formate: PDF
Table of contents

How can Africa, the world's most lagging region, benefit from globalisation and achieve sustained economic growth? Africa needs greater investment by Multinational Enterprises (MNEs) to improve competitiveness and generate more growth through positive spill-over effects. Despite the fact that Africa's returns on investment averaged 29% since 1990, Africa has gained merely 1% of global Foreign Direct Investment (FDI) flows. The challenge for African countries is how to be a more desirable destination for FDI. The study integrates three currents of economic research, namely from the literature on (endogenous) economic growth, convergence and regional integration, the explanations for Africa's poor growth and the growing understanding of the role of MNEs in a global economy. The empirical side of the book is based on an econometric study of the determinants of FDI in Africa as well as a detailed firm-level survey conducted in 2000.