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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Attracting foreign direct investment to low income countries: some observations
Authors:Pfeffermann, Guy P.ISNI
West, Gerald T.ISNI
Year:1997
Periodical:Internationales Afrikaforum
Volume:33
Issue:2
Pages:163-170
Language:English
Geographic terms:developing countries
Ghana
Namibia
Subject:foreign investments
Abstract:A radical change in financial flows to developing countries has occurred over the past few years. Total flows are increasing rapidly; private sector flows have increased much faster than offical aid; and the fastest increasing flows are in the form of foreign direct investment (FDI). This increase in the share of private financial flows and the decrease in the share of offical flows has profound consequences for governments of developing countries desiring to attract foreign investment. This paper examines investor motivations (investors think and respond to a very old and simple calculus - that of perceived risk and reward); the role of the State (examples from Ghana and Namibia illustrate how bureaucracy may inhibit foreign investors); corruption and the role of liberalization and deregulation in the reduction of corruption; what governments of low-income countries can do to attract foreign direct investment (amongst others deregulation, privatization); and the role of development assistance agencies in enhancing low-income countries' attractiveness to foreign investors. Notes, ref.
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