Southern foreign direct investment to Africa
- Author: United Nations Conference on Trade and Development
- Main Title: Economic Development in Africa Report 2010 , pp 79-97
- Publication Date: July 2010
- DOI: https://doi.org/10.18356/d7bc8323-en
- Language: English Chinese, French
African countries can use significant inflows of FDI to supplement domestic savings, create employment, access new technology and enhance prospects for meeting the MDGs by the 2015 target date. Before the onset of the financial and economic crisis, several countries in the region made significant progress in attracting FDI, resulting in an increase in inflows from $2.4 billion in 1985 to $87.6 billion in 2008. There has also been an increase in inward FDI stock from $42.9 billion to $510.5 billion over the same period (UNCTAD, 2009b). As a result of these positive developments, Africa’s share of global FDI inflows increased from 4.4 per cent in 1985 to 5.2 per cent in 2008. The recent surge in FDI to the region was driven largely by favourable commodity prices, high economic growth and a better investment climate.
© United Nations
ISBN (PDF):
9789210543095
Book DOI:
https://doi.org/10.18356/0c0aa827-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
South Africa
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