Economic Development in Africa - Rethinking the Role of Foreign Direct Investment

Author:
United Nations
Publisher:
United Nations
Publication Date:
13 September 2005
Tags:
Economy, Business and Finance, International Organizations and Africa, Investment, Africa

The Report cautions that FDI carries costs as well as benefits for the host country and consequently proceeds from the need to take a more critical approach to evaluating the size, type, and impact of FDI in African countries. It calls for a rethinking of the one-sided emphasis on attracting FDI and its replacement with a more balanced and more strategic approach tailored to African socio-economic conditions and development challenges.

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