Making foreign direct investment work for Sub-Saharan Africa: local spillovers and competitiveness in global value chains
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Bibliographische Detailangaben
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C. The World Bank [2014]
Schriftenreihe:Directions in development (Washington, D.C.)
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Beschreibung:"This book was prepared by Thomas Farole and Deborah Winkler (World Bank, International Trade Unit) along with a team including Cornelia Staritz (Austrian Research Foundation for International Development); Stacey Frederick (Center on Globalization, Governance and Competitiveness at Duke University); and Rupert Barnard, Michelle de Bruyn, Nick Kempson, and Philippa McLaren (Kaiser Associates Economic Development Partners). Additional background papers were provided by Niels Fold and Marianne Nylandsted Larsen (University of Copenhagen)."--Page xiii
Includes bibliographical references
Context, objectives, and methodology -- - Conceptual framework -- - The role of mediating factors for FDI spillovers in developing countries: Evidence from a global dataset -- - Determining the nature and extent of spillovers: Empirical assessment -- - Sector case study: mining -- - Sector case study: agribusiness -- - Sector case study: apparel -- - Main conclusions -- - Policy implications
"Foreign direct investment (FDI) is becoming increasingly critical to the economies of developing countries, in part due to a major expansion in the scope of global value chains (GVCs), whereby lead firms outsource parts of their production and services activities across complex international networks. While FDI delivers a number of important contributions in terms of investment, employment, and foreign exchange, it is its spillover potential--the productivity gain resulting from the diffusion of knowledge and technology from foreign investors to local firms and workers--that is perhaps the most valuable contribution to long run growth and development. While substantial research has been undertaken on the existence and direction of spillovers from FDI, many questions remain. Moreover, there is a need to understand better the dynamics of spillovers in certain contexts, including: i) in low income countries, especially in Sub-Saharan Africa; ii) outside of manufacturing sectors (especially resource-based sectors); and, iii) in the context of GVCs. This book presents the results of a groundbreaking designed to address these issues drawing on detailed field research in eight countries (including five in Sub-Saharan Africa) over three sectors: agribusiness, apparel, and mining. The book presents a summary of the results of this analytical work and discusses their implications for policymakers hoping to harness the power of FDI for greater development outcomes."--
Beschreibung:1 Online-Ressource (xviii, 279 pages)
ISBN:1464801266
1464801274
9781464801266
9781464801273

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