Foreign Direct Investment, Corporate Social Responsibility and Poverty Alleviation: Evidence from African Countries

Review of Business & Finance Studies, Vol. 7(2), p. 21-33, 2016

13 Pages Posted: 1 Sep 2016

See all articles by Efiong Akwaowo

Efiong Akwaowo

Forbes School of Business, Ashford University

Andree Swanson

Forbes School of Business, Ashford University

Multiple version iconThere are 2 versions of this paper

Date Written: 2016

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 Countries

JEL Classification: Z00

Suggested Citation

Akwaowo, Efiong and Swanson, Andree, Foreign Direct Investment, Corporate Social Responsibility and Poverty Alleviation: Evidence from African Countries (2016). Review of Business & Finance Studies, Vol. 7(2), p. 21-33, 2016, Available at SSRN: https://ssrn.com/abstract=2801750

Efiong Akwaowo (Contact Author)

Forbes School of Business, Ashford University ( email )

Andree Swanson

Forbes School of Business, Ashford University ( email )

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