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Monographic compilation of conference papers on multinational enterprises in Africa - considers political aspects and social implications, the international division of labour and underdevelopment, etc., includes case studies of foreign investment in several countries, and suggests strategies for non-exploitative technology transfer. References and statistical tables. Conference held in Dakar 1974 September 25 to October 5.
Nigeria, Africa's most populated country is rich in ethnic diversity - a reason why it suffers from many conflicts. The country is one of the top five oil producers. The recent resource crisis in the Niger Delta is caused by poor division of resources, underdevelopment, and mismanagement. The failure of the young democracy would have a vehement effect in the country and in Africa as a whole. The government has to consolidate its democracy, uphold unity and sovereignty. To secure democracy it will need support from the Nigerians themselves, the multinational oil companies and the international world.
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.
This book investigates the relationship that Multinational Corporations form with Local Authorities and governments in West Africa. It argues that informal partnerships at the local level can provide significant socioeconomic benefits to communities and overcome shortfalls in state provision of infrastructure and collective goods and services. Drawing on in-depth case studies in Niger, Ghana and Liberia, the book demonstrates that Decentralized Partnerships benefit from lower transaction costs while maintaining profitability and investment protection, whereas in formal relationships between multinationals and local government, asset specificity and uncertainty are high. By complying with informal rules, which are in many ways just as restrictive as formal rules, Multinational Corporations can adapt and acculturate themselves, become actors of territorial authorities and can get around the incompleteness of the contract that binds them to the state. Reflecting on a range of local projects (educational, infrastructural, health, micro-financial, entrepreneurial), this book provides a rich and detailed assessment of the interactions between Local Authorities and Multinational Firms. The book will be useful to upper-level students and researchers across the fields of economics, business, sociology, anthropology and African studies as well as to development practitioners and regional and international organizations with interest in the functioning of Multinational Corporations in local environments.
This volume identifies and analyses the crucial issues in the impact of multinational enterprises (MNEs) on less developed countries (LDCs). Although the authors take a variety of wide stances on the important questions a uniformity of approach emerges. The perspective is essentially that of economic analysis but it is enlivened by unorthodox concepts derived from related social science disciplines. The chapters cover the process of development, paying attention to entrepreneurship, cultural factors and management styles and examine the impact on welfare and income distribution in the host country.
The research papers and cases in The Changing Dynamics of International Business in Africa provide multi-disciplinary insights on the opportunities and challenges of doing business in Africa, as well as on the changing competitive dynamics in the region, as Western, BRIC and African multinationals intensify their fight for market dominance.
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.