The Impact of Foreign Direct Investment


Book Description

Economic growth remains a necessary ingredient for poverty reduction. Recent studies suggested that growth tends to lift the incomes of the poor proportionately with overall growth. Investment is known to be the engine of sustainable growth and due to the huge gap that exist between the required rate of investment and the existing rate of savings in LDCs, thus FDI is a vehicle to generate growth and an important ingredient to poverty reduction.




Impact of Foreign Direct Investment on Poverty Reduction in Nigeria


Book Description

The level of poverty in developing economies especially Nigeria is very alarming and disturbing and this has been a source of great concern to government, policy makers and Economists all over the globe. This evil called poverty has made the United Nation to sponsor a long-term economic development program called the Millennium Development Goals (MDGs). Foreign direct investment according to the modernization and the vicious cycle of poverty thesis is thought to provide the needed capital for these economies to break out of the cycle of poverty. This book therefore examined the impact of foreign direct investment on poverty reduction in Nigeria from 1995 to 2010. The Ordinary Least Squares method was used to estimate the parameters of the model after conducting a unit root test via the Augmented-Dickey Fuller (ADF) to determine the stationarity of the data. This book is expected to be useful to academicians, governments, individuals and the general public.




Foreign Direct Investment and Poverty Reduction


Book Description

In the 1990s, foreign direct investment began to swamp all other cross-border capital flows into developing countries. Does foreign direct investment support sound development? In particular, does it contribute to poverty reduction?




Poverty Reduction Policies and Practices in Developing Asia


Book Description

This book looks at the major policy challenges facing developing Asia and how the region sustains rapid economic growth to reduce multidimensional poverty through socially inclusive and environmentally sustainable measures. Asia is facing many challenges arising from population growth, rapid urbanization, provision of services, climate change and the need to redress declining growth after the global financial crisis. This book examines poverty and related issues and aims to advance the development of new tools and measurement of multidimensional poverty and poverty reduction policy analysis. The book covers a wide range of issues, including determinants and causes of poverty and its changes; consequences and impacts of poverty on human capital formation, growth and consumption; assessment of poverty strategies and policies; the role of government, NGOs and other institutions in poverty reduction; rural-urban migration and poverty; vulnerability to poverty; breakdown of poverty into chronic and transitory components; and a comparative study on poverty issues in Asia and other regions. The book will appeal to all those interested in economic development, resources, policies and economic welfare and growth.




Foreign Direct Investment As a Tool for Poverty Reduction in Developing Countries


Book Description

The textbook experience of poverty can be witnessed in a number of developing countries in Sub-Saharan Africa, South-East Asia and Latin America. Accordingly, Foreign Direct Investment (FDI) has been identified as an important tool for poverty reduction, as it is noted to accelerate economic growth and employment in a nation, and is currently an essential issue for countries such as Uganda. This book finds that Ragnarâ (TM)s 1953 â ~Vicious-Circle of Povertyâ (TM) remains undisputed even today, showing that attracting FDI is not the end, but that a nationâ (TM)s absorption capacity is equally paramount. The implications of the FDI â ~frog-leap theoryâ (TM) for developing countries and the Community Capital Absorption Capacity Development (CCACD) framework provide plausible poverty reduction approaches in the 21st century. Without such measures, bringing an end to poverty is likely to elude governments and multinational corporations in developing countries.










Foreign Direct Investment. A Panacea to National Economic Development in Nigeria?


Book Description

Doctoral Thesis / Dissertation from the year 2016 in the subject Business economics - Investment and Finance, , course: Public Administration, language: English, abstract: The study examined foreign direct investment (FDI): a panacea to national economic development. The objectives set for the study are; to determine the causes of the Nigerian economic downturn, to ascertain the effects of foreign direct investment, to suggest measures that would be taken to accelerate the economic development of Nigeria. Primary and secondary data were used; the population of the study was 1200 from which the sample sizes of 400 were determined using Taro Yamani’s formula. The research instruments used were questionnaire and oral interview. The reliability of the research instruments was tested using Pearson Product moment correlation coefficient; the result gave a reliability index of 0.98 indicating a high degree of consistency. Chi-square and ANOVA approach were the statistical tools used. The findings from the study reveals that, decline in oil prices and revenue, increase government expenditure and decline in market indices are the challenges posed by economic downturn in Nigeria; consumption-based economy, poor savings, high credit culture and huge financial outflow are the causes of the economic crises in Nigeria; reduction in direct foreign investment and overseas development assistance are the effects of economic crisis to Nigeria and finally, diversification of the economy, robust regulatory policies and professional supervision to aid foreign direct investment in Nigeria. Based on the findings, the researcher made the following recommendation: Nigeria should adopt tough policy measures as effective strategies towards a comprehensive strengthening of the economy, government should ensure that policy recommendations are implemented in order to reposition the Nigerian economy against the impact of future economic downturn, government should create enabling environment to attract foreign investors in order to boost economic activities in the country. Finally, government needs to sincerely focus on developing/strengthening the economy and provide alternative sources of revenue on a sustained basis.




Globalization and Poverty


Book Description

Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.