Multinational Enterprises, Foreign Direct Investment and by Bernard Michael Gilroy, Thomas Gries, Willem A. Naudé

By Bernard Michael Gilroy, Thomas Gries, Willem A. Naudé

How can Africa, the world’s such a lot lagging quarter, reap the benefits of globalisation and accomplish sustained financial development? Africa wishes better funding through Multinational organisations (MNEs) to enhance competitiveness and generate extra development via optimistic spill-over results. although Africa’s returns on funding averaged 29% due to the fact 1990, Africa has received in basic terms 1% of world international Direct funding (FDI) flows. The problem for African nations is find out how to be a superior vacation spot for FDI. The research integrates 3 currents of monetary learn, specifically from the literature on (endogenous) fiscal progress, convergence and nearby integration, the reasons for Africa’s terrible development and the becoming realizing of the function of MNEs in an international economic climate. The empirical facet of the booklet relies on an econometric research of the determinants of FDI in Africa in addition to an in depth firm-level survey performed in 2000.

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By Bernard Michael Gilroy, Thomas Gries, Willem A. Naudé

How can Africa, the world’s such a lot lagging quarter, reap the benefits of globalisation and accomplish sustained financial development? Africa wishes better funding through Multinational organisations (MNEs) to enhance competitiveness and generate extra development via optimistic spill-over results. although Africa’s returns on funding averaged 29% due to the fact 1990, Africa has received in basic terms 1% of world international Direct funding (FDI) flows. The problem for African nations is find out how to be a superior vacation spot for FDI. The research integrates 3 currents of monetary learn, specifically from the literature on (endogenous) fiscal progress, convergence and nearby integration, the reasons for Africa’s terrible development and the becoming realizing of the function of MNEs in an international economic climate. The empirical facet of the booklet relies on an econometric research of the determinants of FDI in Africa in addition to an in depth firm-level survey performed in 2000.

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Extra info for Multinational Enterprises, Foreign Direct Investment and Growth in Africa: South African Perspectives (English)

Example text

On the other hand, FDIs are often not just the inflow of foreign capital and the embodied technology. Some times the host country is not able to provide sufficient technical and managerial knowledge to operate the sophisticated foreign capital. Therefore, in many cases multinational firms send a bundle of factors containing real and complementary human capital. If this additional human capital would significantly contribute to the total stock of domestic human capital, the critical endowment could be reached.

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Verspagen, B. (1991). A New Empirical Approach to Catching Up or Falling Behind, Structural Change and Economic Dynamics, 2 (2), 359-80. , Wakelin, K. (1993). International Competitiveness and Its Determinants, MERIT Working Paper 93-008, Maastricht, Netherlands. , Sanis, M. (1991). Interregional Migration: Dynamic Theory and Comparative Analysis, In Boyce; D. eds. Regional Science - Retrospect and Prospect. Amsterdam: North Holland. , Grupp, H. (1999). Globalisation, Economic Growth and Innovation Dynamics.

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