Foreign Direct Investment in Africa-Some Case Studies
Social Science Research Network, 2002
125 citations recorded by the source corpus.
This paper reviews the experiences of a few countries in Sub-Saharan Africa that have succeeded in attracting fairly large amounts of foreign investment. The review indicates that sustained efforts to promote political and macroeconomic stability and implement essential structural reforms have been the key elements contributing to the success that certain countries in Africa have achieved in attracting a substantial volume of FDI. Strong leadership, which has helped promote democracy and overcome social and political strife, and a firm commitment to economic reform have been important determinants. The adoption of sound fiscal and monetary policies, supported by an appropriate exchange rate policy, and a proactive approach to removing structural impediments to private sector activity have had a positive bearing on investor sentiment. The analysis underscores the importance of relying on stability and a broad-based reform effort to encourage foreign investment in Africa.
Subfields: Economics and Econometrics, Information Systems, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/a702582e46d8f8f89493a3ebf94e925b39e16b04
Citations in the corpus
- Determinants of Foreign Direct Investment in Africa (2004, unknown): “Most of the studies on FDI in Africa are descriptive, and are often based on surveys that seek to explore the motivation to invest in Africa (Basu and Srinivasan 2002; Jenkins and Thomas 2002).”
- Fiscal Policy Challenges in Oil-Exporting Countries - A Review of Key Issues (2009, unknown): “With only 5% of the land being arable and with water shortage being a perennial constraint, agriculture-based growth was never an option (Basu and Srinivasan, 2002).”
- Foreign direct investment in Africa: Performance, challenges, and responsibilities ☆ (2006, unknown): “In the past, domestic investment policies––for example on profit repatriation as well as on entry into some sectors of the economy––were not conducive to the attraction of FDI (Basu and Srinivasan, 2002).”