JOURNAL OF MANAGEMENT POLICY AND PRACTICE
Africa’s Global Economic Integration and National Development:
A Management Framework for Attracting FDI
Author(s): Nanda R. Shrestha, Wilbur I. Smith, Charles L. Evans
Citation: Nanda R. Shrestha, Wilbur I. Smith, Charles L. Evans, (2010) "Africa’s Global Economic Integration and National Development: A Management Framework for Attracting FDI," Journal of Management Policy and Practice, Vol. 11, Iss. 5, pp. 34 - 48
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Africa is far behind East and Southeast Asian countries in attracting FDI from multinational
corporations (MNCs). To improve their positions, most African states are now pursuing neoliberal
economic policies that focus on private sector development and export trade. In light of their chosen
economic path, this exploratory paper proposes an institutionally-driven management framework for
African states to create and promote national competitive advantages to enhance their attractiveness to
FDI. The proposed framework highlights the government’s role in managing the four critical
environmental forces—techno-economic, politico-institutional, socio-demographic, and cultural—that
drive national productivity and innovative capacity, especially in the early phases of the national push for
economic growth and development.