THE DETERMINANTS OF FDI AND POLICY SUGGESTIONS IN AFRICA (AND CAMEROON AS A CASE)
THE DETERMINANTS OF FDI AND POLICY SUGGESTIONS IN AFRICA (AND CAMEROON AS A CASE)
- 주제(키워드) International Business , Cameroon
- 주제(KDC) 326
- 주제(DDC) 382
- 발행기관 아주대학교
- 지도교수 송영균
- 발행년도 2007
- 학위수여년월 2007. 8
- 학위명 석사
- 학과 및 전공 국제대학원 국제경영학과
- 본문언어 영어
초록/요약
FDI is one of those tools, which has helped in enhancing technological and economic growth in most developing countries. This enhancement has been achieved as a result of capital injection, technological transfer and encouraging market competitiveness by multi- national companies involved. This study now examines how FTA can create a conducive environment for FDI especially in those developing countries whose investment risk classification is really not worth mentioning. At the same time how this countries with bad investment records can make use of the recommendations offered by this FTA agreements is examined. Concurrently, this study explores the determinants of foreign direct investment in a comparative perspective and looks for evidence of a bias on the part of foreign investors against sub-Saharan Africa (and Cameroon in particular). The study examines whether Africa's tiny share of world FDI flows is a consequence of inappropriate policies or a general investor bias against the region (perhaps due to the lingering effects of bad reputation). The empirical results suggest that Africa's marginalization in the global competition for FDI is of its own making ？ the result of a generally inferior investment environment. The findings also reveal important differences in the determinants of FDI between SSA countries and the rest of the world.
more목차
Abstract i
Acknowledgements ii
Table of Contents iv
List of Tables vii
List of Figures viii
CHAPTER ONE
Introduction 1
1.1 Significance of the Research 1
1.2 Statement of the Problem 2
1.3 Aims and Objectives 3
1.4 Methods and limitations 3
CHAPTER TWO
Evolutionary Trend of some Major Trade Agreements 5
2.1 European Union Policy in the sphere of development cooperation 5
2.2 The Yaounde I Convention 6
2.2.1 The Yaounde II Convention 6
2.3 The Lome Convention 7
2.3.1 ACP- EU cooperation Instrument 8
2.3.2 General System of Trade 9
2.3.3 EU imports of products originating from the ACP states 9
2.3.4 EU exports to the ACP states 10
2.4 Reasons for the failure of Lome Convention despite the trade preferences are several 13
2.4.1 Lack of Appropriate Domestic Policies 13
2.4.2 Lack of critical Factor 13
2.4.3 High dependency on the export of primary products 13
2.4.4 The Uruguay round arrangement 14
2.4.5 The trade among European member states 14
2.5 The Cotonou Agreement 14
2.6 The main elements of the agreement in the area of trade and economic cooperation include 15
2.7 Lessons to be learnt 16
2.8 Major anticipated Problem 17
CHAPTER THREE
Cameroon？s Investment Climate 18
3.1 Country Profile and location 18
3.1.1 Geography 18
3.1.2 People 19
3.1.3 Government 19
3.1.4 Economic Profile 20
3.1.5 Cameroon？s Economic Potential 20
3.2 Cameroon？s growth Potential 22
3.3 Openness to foreign investment through FDI 23
3.3.1 Currency conversion and transfer policies 25
3.3.2 Expropriation and compensation 25
3.3.3 Dispute Settlement 25
3.3.4 Performance requirements and incentives 26
3.3.5 Private Ownership right 27
3.3.6 Protection of property rights 27
3.3.7 Transparency of regulatory system 28
3.3.8 Political violence 29
3.3.9 Labor 29
3.3.10 International investment agreements 30
3.3.11 Foreign trade zones 30
3.3.12 Foreign investment statistics 31
3.3.13 Taxation 31
3.3.14 Stock market 32
3.4 Areas where investment is highly solicited 32
3.4.1 Agricultural sector 35
3.4.2 Petroleum and mineral sector 36
3.4.3 Manufacturing sector 36
3.4.4 Service sector 36
3.4.5 Banking sector 37
3.4.6 Telecommunication sector 37
3.4.7 Transport sector 37
3.4.8 Impact on the ground 38
3.5 Investment Barriers 38
3.5.1 Import barriers 39
3.5.2 Import licensing 39
3.5.3 Documentation requirement 40
3.5.4 Customs Valuation 40
3.5.5 Government Procurement 40
3.5.6 Corruption 41
CHAPTER FOUR
FDI through the Conventions in Cameroon 42
4.1 Historical background of FDI in Cameroon 44
4.1.1 Foreign investment policy 45
4.1.2 Magnitude of FDI 46
4.1.3 Cameroon export performance 48
4.2 Direction and composition of trade 51
4.3 Empirical analysis 56
4.3.1 Theoretical consideration 56
4.3.2 The model and variables 57
4.3.3 Regression results 64
4.4 Some major areas where Cameroon benefited from the Conventions 66
4.5 Criticizing economic partnership agreement 67
4.5.1 Background reason 68
CHAPTER FIVE
Conclusion 69
References 70
Appendix 72
