Foreign direct investments and their effect on an embryonic private sector in the economic *developm...

مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

منو

" Foreign direct investments and their effect on an embryonic private sector in the economic *development of Ghana "
Benjamin K. B. Thompson R. Maurer

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	55163
Doc. No	:	TL25117
Call number	:	‭3290883‬
Main Entry	:	Benjamin K. B. Thompson
Title & Author	:	Foreign direct investments and their effect on an embryonic private sector in the economic *development of Ghana\ Benjamin K. B. Thompson
College	:	Walden University
Date	:	2007
Degree	:	Ph.D.
student score	:	2007
Page No	:	138
Abstract	:	Foreign Direct Investments (FDI) have been lauded as a primary modality for stimulating growth and for effecting positive social changes in developing economies such as Ghana. The problem is that FDI activity in economies such as Ghana has not developed into sustained and broad economic growth or improved the poverty level compared to newly industrialized economies (NIE) such as Malaysia, Thailand, Taiwan, and China. The researcher employed correlation analysis to test the relationship between FDI and economic growth (GDP) and the influence of FDI on an embryonic private sector in stimulating economic growth and social changes. The primary variables in this ex-post facto research study were annual percentage growth in Gross Domestic Product (GDP), as the dependent variable, FDI/GDP, Manufacturing Value Added (MVA) as a proxy for the private sector, Trade/GDP, and Human Development Index, as a proxy for human development, as the independent variables. Data spanning 1970 to 2004 from United Nations Conference on Trade and Development (UNCTAD) and the International Monetary Fund databases were used to test the research hypotheses. The primary findings were negative and positive correlations between GDP and FDI and MVA respectively. The former finding, in addition to the underdeveloped nature of the private sector, may have negative repercussions on human development and social changes such as the deceleration in the development of social welfare and increases in the poverty level. It is thus imperative that developing nations such as Ghana prioritize policies that emphasize the development of the private sector and linkages between the foreign and private sectors as avenue for stimulating economic growth and social changes.
Subject	:	Social sciences; Development; Embryonic private sector; Foreign direct investment; Ghana; Private sector; Foreign investment; Economic development; Studies; 0508:Finance
Added Entry	:	R. Maurer
Added Entry	:	Walden University