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Foreign Direct Investment Inflows To Africa: Overview And Current Trends (Toky Priamych Zahraničných Investícií Do Afriky: Prehľad A Súčasné Trendy)

Author

Listed:
  • Eva Kovarova

    (Faculty of Economics, VŠB-Technical University of Ostrava)

Abstract
Africa has in the long-term been the lowest-income and the most underdeveloped region of the world economy with a marginal share in world GDP and influence on the international economic order. Most of its inhabitants suffer from a lack of basic human needs. However, nowadays some African countries are seeing rapid GDP growth and increasing FDI inflows for various reasons. The aim of this paper is to present the current economic situation in Africa and to examine its FDI inflows and their relations to economic progress in Africa. The paper’s conclusions, based especially on an analysis of foreign scientific papers and reports published by international organizations, indicate some forms of a relation between GDP growth and FDI inflows in Africa, but also admit that this positive economic progress has not yet had a greater impact on improving the living conditions of Africa’s inhabitants. (Z dlhodobého hľadiska je Afrika svetovým regiónom s najnižšou úrovňou príjmu. Ide o jednu z najzaostalejších častí svetovej ekonomiky s malým podielom na svetovom HDP a nízkym vplyvom na svetové ekonomické dianie a poriadok. Väčšina obyvateľov trpí nemožnosťou uspokojenia základných ľudských potrieb. V súčasnosti však mnohé africké krajiny zaznamenávajú vysoký rast HDP a prílev priamych zahraničných investícií. Cieľom predkladaného článku je analyzovať súčasnú ekonomickú situáciu na africkom kontinente, preskúmať determinanty prílevu priamych zahraničných investícií do Afriky a ich súvislosť s ekonomickým rozvojom. Výsledky nášho výskumu poukazujú na existenciu vzťahu medzi rastom HDP a prílevom PZI, pripúšťajú však, že hospodársky rast zatiaľ nemal väčší vplyv na zlepšenie životných podmienok obyvateľov Afriky.)

Suggested Citation

  • Eva Kovarova, 2015. "Foreign Direct Investment Inflows To Africa: Overview And Current Trends (Toky Priamych Zahraničných Investícií Do Afriky: Prehľad A Súčasné Trendy)," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 13(1), pages 69-86.
    • Handle: RePEc:brv:journl:v:13:y:2015:i:1:p:69-86
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    References listed on IDEAS

    as
    1. Asiedu, Elizabeth, 2002. "On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?," World Development, Elsevier, vol. 30(1), pages 107-119, January.
    2. Elizabeth Asiedu, 2006. "Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability," The World Economy, Wiley Blackwell, vol. 29(1), pages 63-77, January.
    3. Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998. "How does foreign direct investment affect economic growth?1," Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
    4. Hany Besada & Yang Wang & John Whalley, 2008. "China's Growing Economic Activity in Africa," NBER Working Papers 14024, National Bureau of Economic Research, Inc.
    5. Blomström, Magnus & Kokko, Ari, 2003. "The Economics of Foreign Direct Investment Incentives," EIJS Working Paper Series 168, Stockholm School of Economics, The European Institute of Japanese Studies.
    6. Tim Büthe & Helen V. Milner, 2008. "The Politics of Foreign Direct Investment into Developing Countries: Increasing FDI through International Trade Agreements?," American Journal of Political Science, John Wiley & Sons, vol. 52(4), pages 741-762, October.
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    More about this item

    Keywords

    Africa; Sub-Saharan Africa; FDI inflows; GDP; growth; living conditions of inhabitants;
    All these keywords.

    JEL classification:

    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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