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economic development in africa

Source: www.unctad.org
Topic: Economic Development

Sort Desciption: sustainable economic growth development and poverty reduction (UNCTAD. 2004b). ...... ting stuck at its current level of economic development. ...

Content Inside: E CONOMIC D EVELOPMENT IN A FRICA Rethinking the Role of Foreign Direct Investment UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Geneva UNITED NATIONS New York and Geneva 2005 UNCTAD/GDS/AFRICA/2005/1 UNITED NATIONS PUBLICATION Sales No. E.05.II.D.12 ISBN 92-1-112671-1 Copyright United Nations 2005 All rights reserved N OTE Symbols of United Nations documents are composed of capital letters combined with figures. Mention of such a symbol indicates a reference to a United Nations document. The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country territory city or area or of its authorities or concerning the delimitation of its frontiers or boundaries. Material in this publication may be freely quoted or reprinted but acknowledgement is requested together with a reference to the document number. A copy of the publication containing the quotation or reprint should be sent to the UNCTAD secretariat. iii Rethinking the Role of Foreign Direct Investment C ONTENTS Page A. Introduction. 1 B. FDI to Africa: facts and fables . 4 1. Some stylized facts . 4 2. Analytical perspectives and methodological caveats . 14 3. FDI flows to Africa: the limits of conventional wisdom . 20 C. Adjustment failures FDI and the African growth story revisited. 26 D. Some sectoral experiences with FDI in Africa . 37 1. Enclaves and chains in the primary sector . 37 (a) FDI in the Mining Sector: New opportunities or a race to the bottom? . 39 (b) Agro chains and FDI . 52 2. Manufacturing FDI success in Africa: lessons from Asia . 54 E. Rethinking the FDI policy framework for Africa . 64 1. National policy perspectives. 66 2. Regional initiatives . 73 3. International agenda . 76 F. Conclusions. 82 Appendix tables . 84 Notes. 88 References . 95 iv Economic Development in ...

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