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Attracting foreign direct investment for growth and development in Sub-Saharan Africa: Policy options and strategic alternatives
Journal article, Created By Abdulai, David N. and Published By CODESRIA in English language
Foreign Direct Investment (FDI) plays an important role in fostering economic growth and development in developing countries. While FDI is know to bring to the latter much needed capital for their growth and development efforts, it also brings with it skills and new technology. For most countries in sub-Saharan Africa, whose economies have recently recovered from a long period of stagnation, FDI inflows are needed to accelerate growth, and development. Several countries in the region registered impressive growth rates in the 1990s, with some attaining and s...