NEPAD and Foreign Direct Investment in Africa

Ibrahim Badiru

Abstract


The New Partnership for Africa's Development is a pledge by African Leaders based on a common vision and a firm, shared conviction that they have a pressing duty to eradicate poverty and place their countries, both individually and collectively on a path of sustainable growth and development and to participate actively in the world economy and politics (NEPAD, 2001). The paper uses the political economy theory to examine the philosophy of the New Partnership for Africa's Development and the policy has been able to attract foreign direct investment. The research relies on secondary sources of data for the purpose of evaluating the successes and failures of NEPAD. The paper recommends that regional integration be strengthen to enhance economy interaction among African States and conflict prevent mechanism be strengthen to reduce persistence conflict in Africa, to encourage foreign investment in the region.


Keywords
NEPAD, Foreign Direct Investment, development, poverty, underdevelopment

Full Text:

Untitled

References


Adekoya, A. (1989) Children and Youth in the Context of the NEPAD, In

Obadare and Oyewole (eds.) the NEPAD: Challenges and Development,

Abuja; Centre of Democracy and Development.

Adebayo A. (2002) From the Lagos Plan of Action to the New Partnership for

African Development and From the Final Act of Lagos to Constitutive Act:

Wither Africa? A Keynote Address presented at the Africa Forum for

Envisioning Africa. Nairobi, Kenya.

Africa Development Report (2003) The African Development Bank Group.

Africa Today, Voice of the Continent. Vol. 14, No. 13, March 2008.

Africa Today, Voice of the Continent. Vol. 16, No. 10, September 2008.

African Development Report (2004) The African Development Bank Group.

Alkali, R.A. (2003) Issues in International Relation and Nigeria's Foreign

Policy, North Point Publishers. 29

Amos, B. (2002) Challenges Facing Africa in Foreign Commentary. New

Nigeria Newspaper, 14th February, 2002.

Anifowose et al. (1999) Elements of Politics. Lagos: Malthouse Publishers.

Annan K. (2003) An Address to the African Union Assembly, in Maputo on

July 10, 2003.

Busia, N. (2003) Emerging Discourses on NEPAD is Africa in Search of a new

paradigm or is it old wine in new bottle? In Obadare and Oyewole (eds.)

(Ibid).

Dunmoye, R.A. (2003) New Partnership for Africa's Development: Zaria ABU

Department of Political Science.

ECA (2003) Economic Commission for Africa. Transforming Africa's

Economics: Economic Report (2002), Addis Ababa.

ECA (2003) Mutual Accountability and Greater Policy Coherence for

Development Effectiveness: Economic Commission for Africa's

background document for the thirty- sixth session of the conference of

African Ministers of Finance, Planning and Economic Development, Addis

Ababa, June 2003.

ECA (2004) African Population and Development Bulletin.

ECA (2004) Assessing regional integration in Africa. Economic Commission

for Africa Policy Research Report. Addis Ababa:

Elbadawi, I. and Mwega, F. (1997) Regional integration and foreign direct

investment in Sub-Saharan Africa. African Economic Research

Consortium, Working Paper.

G8 (2002) African action plan, June. Gender, poverty and environmental

Indicators. Human Development Index 2007.

Ianchovichina et al. (2001) Unrestricted market access for Sub-Saharan Africa:

how much is it worth and who pays. World Bank Policy Research Working

Paper 2595.

Lemi, A. and Asefa, S. (2003) Foreign direct investment and uncertainty:

empirical evidence from Africa. Africa Finance Journal, 5: 36-67.

Melber H. et al. (2002) The NEPAD - African Perspective. Uppsala Nordiska

Afrika Institute.

NEPAD (2001) The New Partnership for Africa's Development.

http://www.NEPAD.org.

Nabudere, D. (2002) NEPAD Historical Background and Its Prospect. In

Obadere and Oyewole (eds.) Ibid.

Nkhulu, W. (2003) A New Chapter in Africa Led Development in Obadare and

Oyewole (eds.) Ibid.

Objective, Standards, Criteria and Indicators for African Peer review

mechanism (The APRM). Report (2001).

Global Coalition for Africa Annual Report 2001/2002.

Global coalition for Africa Annual Report 2004/2005.

Onyewu, S. and Sherstha, H. (2004) Determinants of foreign direct investment in Africa. Journal of Development Societies, 20: 89-106.

Richard Willis (2006) The AIDs Pandemic. England, Stan borough Press Ltd.

Rodney, W. (1969) How Europe Underdeveloped Africa, Dar-es-salam:

Tanzania Publishing House.

Rodrik, D. (1998) Trade policy and economic performance in Sub-Saharan

National Bureau of Economic Research Working Paper.

Rogoff, K. and Reinhart, C. (2003) FDI to Africa: the role of price stability and

currency instability, International Monetary Fund. Working Paper 03/10.

Sachs, J. and Sievers, S. (1998) Foreign Direct Investment in Africa. Africa

Competitiveness Report 1998. Geneva: World Economic Forum.

UN1DO (2002) Foreign Direct Investor Perceptions in Sub-Sahara Africa.

Vienna, United Nations Industrial Development Organization.

UNCTAD (1999) Foreign Direct Investment in Africa: Performance and

United Nations, New York, USA.

UNCTAD (2000) Capital Flows and Growth in Africa. United Nations, New

York, USA.

UNCTAD (2001) World Investment Report, Promoting Linkages: Overview.

United Nations, New York, USA.

UNCTAD (2003) World Investment Report 2003. Geneva: United Nations

Conference on Trade and Development.

UNCTAD (2003) World Investment Report. FDI Policies for Development:

National and International Perspective. United Nations, New York, USA.

UNCTAD (2004) Prospect for Foreign Direct Investment and Strategies of

Transnational Corporations, 2004, 2007. Geneva: United Nations

Conference on Trade and Development.

UNCTAD (2004) Prospect for foreign direct investment and the strategies of

Transnational Corporations. Geneva, United Nations Conference on Trade

and Development.

UNCTAD (2006) World Investment Report, Geneva: United Nations

Conference on Trade and Development.

UNDP (2004) Enhancing contribution to development of indigenous private

sector in Africa: challenges and opportunities for Asia-Africa cooperation.

Paper presented at-the Asia- Africa Trade Investment Conference held-in

Tokyo, Japan, November.

WHO (2003) Report on HIV/AIDs in Africa. World Health Organization.

World Bank (1989) Sub-Sahara Africa: From Crisis to Sustainable Growth,

World Bank, Washington DC, USA.

World Bank (2003) Strategic partnership with Africa: From Strategy to

implementation. African Region, World Bank.

World Investment Report (2015) Reforming International Investment

Governance. United Nations Conference on Trade and Development.

Zein, K. and Sesupo, M. NEPAD and the Challenges of attracting Foreign

direct Investment in Africa In Obadare and Oyewole (eds.) (Ibid).


Refbacks

  • There are currently no refbacks.