Wednesday, February 22, 2017

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

Efiong Akwaowo, PhD
Abstract: During the past two decades, advances toward a truly global economy were driven by the role of Multinational Enterprises (MNE).  The progress in Foreign Direct Investment (FDI) has raised many controversies in the ways these foreign investors conduct their businesses in the developing countries.  More attention has been given to Corporate Social Responsibility (CSR) in developing countries.  Despite such attention, Africa is much less represented than any other continent.  MNEs, which embark on FDI, are faced with an important decision on how to enhance CSR in order to reduce poverty in their host countries. The authors reviewed peer-reviewed literature exploring FDI, CSR and how FDI contributed to the reduction of poverty in the African developing countries of Nigeria, Ghana, and Cameroon.

Reference: Akwaowo, Efiong and Swanson, Andree. (2016) 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.

 Author Bio:
This is Efiong Akwaowo, PhD, an Assistant Professor in the Forbes School of Business. Dr. Akwaowo holds a PhD in Business Administration with a specialization in International Business from Northcentral University and a Master of Business Administration in Management along with a Bachelor of Business Administration in marketing both from Texas Southern University. He focuses on areas in International Business, Entrepreneurship and Global Strategic Management. He has worked in the corporate world for more than 15 years in the area of strategic planning and has been teaching traditional and online classes for more than seven years.

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Copyrighted materials used with researcher's permission.

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