Post-Conflict Countries and Foreign Investment

Turner, Nicholas, Aginam, Obijiofor and Popovski, Vesselin (2008). Post-Conflict Countries and Foreign Investment. United Nations University Press.

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  • Author Turner, Nicholas
    Aginam, Obijiofor
    Popovski, Vesselin
    Title Post-Conflict Countries and Foreign Investment
    Volume/Issue No. 8
    Publication Date 2008-12-27
    Place of Publication Tokyo
    Publisher United Nations University Press
    Pages 7
    Language eng
    Abstract Economic development is essential for every country but it is especially crucial for those countries in the aftermath of protracted armed confl ict, needing peacebuilding, recovery and reconstruc- tion. Development aid alone cannot transform damaged economies, and it is here that foreign direct investment (FDI) can be a valuable tool to revitalize indus- tries, rebuild infrastructures and eventu- ally even eliminate the need for aid. Regard for history, economic experi- ences, local cultures and tensions should inform the adoption of a post-confl ict private investment regime that is spe- cifi cally tailored to the country’s needs. Encouraging a form of FDI that benefi ts post-confl ict zones relies upon pr ioritizing quality of investment, rather than quantity. The task of developing countries, and particularly those emerg- ing from years of conflict, cannot be left solely to market forces – FDI can only be justified if it is high value and makes a real contribution to the host economy, in terms of job-creation and spill-over of knowledge or technology.
    Copyright Holder United Nations University
    Copyright Year 2008
    Copyright type Creative commons
    ISSN 1814802
    ISBN 9789280830
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