Multinational Enterprises, Foreign Direct Investment and Growth in Africa

South African Perspectives

  • Bernard Michael Gilroy
  • Thomas Gries
  • Willem A. Naudé

Part of the Contributions to Economics book series (CE)

Table of contents

  1. Front Matter
    Pages I-VIII
  2. B. M. Gilroy, T. Gries, W. Naudé
    Pages 1-4
  3. Africa in the Global Economy

  4. Multinational Enterprises in Africa

  5. Labour Market Adjustment, Foreign Direct Investment and Human Resource Development

  6. Back Matter
    Pages 285-305

About this book

Introduction

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.

Keywords

African Growth Economic Growth Endogenous Growth Foreign Investment Global economy Multinational Enterprise Multinational Enterprises Multinationals foreign direct investment globalization growth

Editors and affiliations

  • Bernard Michael Gilroy
    • 1
  • Thomas Gries
    • 1
  • Willem A. Naudé
    • 2
  1. 1.Department of EconomicsUniversity of PaderbornPaderborn
  2. 2.Research Unit People, Policy and PerformanceNorth West UniversitySouth Africa

Bibliographic information

  • DOI https://doi.org/10.1007/b138321
  • Copyright Information Physica-Verlag Heidelberg 2005
  • Publisher Name Physica-Verlag HD
  • eBook Packages Business and Economics
  • Print ISBN 978-3-7908-0276-4
  • Online ISBN 978-3-7908-1610-5
  • Series Print ISSN 1431-1933
  • About this book