Abstract
The expansion of global capitalism and neo-liberal policies to all corners of the world has been carried out by Northern governments and international organisations arguing in favour of opening of economies to Foreign Direct Investment (FDI), and by developing countries eager to liberalise (World Bank, 2004). This has led to a relative increase in the amount of FDI going to developing countries, though unevenly distributed at the regional, country and intra-country level. While Africa as a whole has received less FDI than any other region, the continent also reflects the global trend of FDI concentration in a few countries like South Africa. Africa has also been characterized by the growth of South-South investment, coming from China, India, Malaysia, Brazil and South Africa.
Original language | English |
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Title of host publication | Transnational Corporations and Development Policy : Critical Perspectives |
Editors | Eric Rugraff, Diego Sachez-Ancochea, Andy Sumner |
Number of pages | 26 |
Place of Publication | Basingstoke |
Publisher | Palgrave Macmillan |
Publication date | 2009 |
Pages | 176-201 |
ISBN (Print) | 9780230537064, 0203537065 |
DOIs | |
Publication status | Published - 2009 |
Keywords
- Foreign Direct Investment
- Technology transfer
- Foreign firm
- Local firm
- Mining sector