
Contents
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
40.1 Introduction 40.1 Introduction
-
40.2 FDI: Theoretical Perspectives 40.2 FDI: Theoretical Perspectives
-
40.2.1 Static theories 40.2.1 Static theories
-
40.2.1.1 Neo-classical theories—assuming perfect markets 40.2.1.1 Neo-classical theories—assuming perfect markets
-
40.2.1.1.1 The capital theory tradition 40.2.1.1.1 The capital theory tradition
-
40.2.1.1.2 The international trade tradition 40.2.1.1.2 The international trade tradition
-
-
40.2.1.2 Market imperfections and industrial organization theories—assuming imperfect markets 40.2.1.2 Market imperfections and industrial organization theories—assuming imperfect markets
-
40.2.1.2.1 Hymer–Kindleberger hypothesis 40.2.1.2.1 Hymer–Kindleberger hypothesis
-
40.2.1.2.2 Internalization theory 40.2.1.2.2 Internalization theory
-
40.2.1.2.3 The eclectic paradigm 40.2.1.2.3 The eclectic paradigm
-
-
-
40.2.2 Dynamic approaches to FDI flows and international production 40.2.2 Dynamic approaches to FDI flows and international production
-
40.2.2.1 Scandinavian/Uppsala School or the internationalization theory network approach or evolutionary approach 40.2.2.1 Scandinavian/Uppsala School or the internationalization theory network approach or evolutionary approach
-
40.2.2.2 The investment development path 40.2.2.2 The investment development path
-
40.2.2.3 The dynamic capability perspective 40.2.2.3 The dynamic capability perspective
-
40.2.2.4 The integration–responsiveness perspective (I-R paradigm) 40.2.2.4 The integration–responsiveness perspective (I-R paradigm)
-
-
-
40.3 FDI Flows: Taxonomy of Approaches, Benefits, and Costs 40.3 FDI Flows: Taxonomy of Approaches, Benefits, and Costs
-
40.3.1 Taxonomy of approaches 40.3.1 Taxonomy of approaches
-
40.3.2 Benefits and costs 40.3.2 Benefits and costs
-
-
40.4 Africa’s FDI Flows and Stocks: Trends, Patterns/Characteristics 40.4 Africa’s FDI Flows and Stocks: Trends, Patterns/Characteristics
-
40.5 Constraints and Incentives 40.5 Constraints and Incentives
-
40.5.1 Constraints 40.5.1 Constraints
-
40.5.2 Incentives 40.5.2 Incentives
-
-
40.6 Determinants/Motivating Factors— Is Africa Different? 40.6 Determinants/Motivating Factors— Is Africa Different?
-
40.6.1 Basic macroeconomic and other factors 40.6.1 Basic macroeconomic and other factors
-
40.6.2 Foreign aid 40.6.2 Foreign aid
-
40.6.3 Infrastructure development 40.6.3 Infrastructure development
-
40.6.4 Institutional factors and investment climate 40.6.4 Institutional factors and investment climate
-
40.6.5 Attraction of natural resources 40.6.5 Attraction of natural resources
-
40.6.6 Human resources development, productivity, and cost 40.6.6 Human resources development, productivity, and cost
-
-
40.7 Effects of FDI on African Economies 40.7 Effects of FDI on African Economies
-
40.8 Summary of Lessons for Economics, Policy Implications, and Outlook/Prospects 40.8 Summary of Lessons for Economics, Policy Implications, and Outlook/Prospects
-
References References
-
-
-
-
-
-
-
-
-
-
40 Foreign Direct Investment in Africa: Lessons for Economics
Get accessJohn C. Anyanwu, Lead Research Economist, Development Research Department, African Development Bank, B.P. 323, 1002 Tunis Belvedere Tunis, Tunisia, E-Mail: [email protected].
-
Published:17 April 2015
Cite
Abstract
This chapter examines foreign direct investment (FDI) in Africa and the lessons for economics. In addition to the analysis of the costs, benefits, constraints and incentives for FDI in the Continent, the chapter reviews the empirical determinants in the African context. While the quantum of FDI inflows to African has been small, its effects have been mixed. It is believed that it can play a critical role in helping to accelerate and sustain development across the Continent given its interestingly changing character, sources and direction of flow. African FDI experience points to a “proximity motive” in global FDI, the role of “industrial structure,” “institutional distance,” and the strength of “market-conforming values” on FDI choices. While FDI inflow outlook in Africa is bright, a key challenge is to turn around lingering negative perceptions in the international community of Africa.
Sign in
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
- Add your ORCID iD
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing informationMonth: | Total Views: |
---|---|
October 2022 | 6 |
November 2022 | 5 |
December 2022 | 4 |
January 2023 | 2 |
February 2023 | 3 |
March 2023 | 4 |
April 2023 | 3 |
May 2023 | 1 |
June 2023 | 7 |
July 2023 | 2 |
August 2023 | 5 |
September 2023 | 2 |
October 2023 | 2 |
November 2023 | 2 |
December 2023 | 2 |
January 2024 | 7 |
February 2024 | 1 |
March 2024 | 4 |
April 2024 | 3 |
May 2024 | 1 |
June 2024 | 6 |
July 2024 | 4 |
August 2024 | 2 |
October 2024 | 2 |
December 2024 | 3 |
February 2025 | 4 |
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.