FOREIGN DIRECT INVESTMENT, CORPORATE SOCIAL RESPONSIBILITY AND POVERTY ALLEVIATION: EVIDENCE FROM AFRICAN COUNTRIES

Efiong Akwaowo and Andree Swanson

Review of Business and Finance Studies, 2016, vol. 7, issue 2, 21-33

Abstract: During the past two decades, advances toward a truly global economy were driven by the role of Multinational Enterprises (MNE). The progress of Foreign Direct Investment (FDI) has raised many controversies in the ways these foreign investors conduct their businesses in developing countries. More attention has been given to Corporate Social Responsibility (CSR) in developing countries. Despite such attention, Africa is less represented than any other continent. MNEs, which embark on FDI, are faced with an important decision on how to enhance CSR to reduce poverty in their host countries. The authors reviewed extant literature exploring FDI, CSR and how FDI contributed to the reduction of poverty in the African developing countries of Nigeria, Ghana, and Cameroon.

Keywords: Foreign Direct Investment; Corporate Social Responsibility; Poverty Alleviation; African Developing Countrie (search for similar items in EconPapers)
JEL-codes: Z00 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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