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