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Foreign Direct Investment, Corporate Social Responsibility And Poverty Alleviation: Evidence From African Countries

Author

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  • Efiong Akwaowo
  • Andree Swanson

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.

Suggested Citation

  • Efiong Akwaowo & Andree Swanson, 2016. "Foreign Direct Investment, Corporate Social Responsibility And Poverty Alleviation: Evidence From African Countries," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 7(2), pages 21-33.
    • Handle: RePEc:ibf:rbfstu:v:7:y:2016:i:2:p:21-33
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    Cited by:

    1. Peter Fofuh & Olawumi Dele Awolusi, 2021. "Corporate Social Responsibility in Cameroon: Practices and Environmental Impact," Journal of Education and Vocational Research, AMH International, vol. 12(1), pages 1-18.

    More about this item

    Keywords

    Foreign Direct Investment; Corporate Social Responsibility; Poverty Alleviation; African Developing Countrie;
    All these keywords.

    JEL classification:

    • Z00 - Other Special Topics - - General - - - General

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