THE ROLE OF FOREIGN DIRECT INVESTMENT IN AGRICULTURAL DEVELOPMENT OF AFRICA SOUTH OF THE SAHARA
Abstract
The article reveals the dynamics and the role of foreign direct investment in Africa south of the Sahara. Under African conditions to attract investment in agriculture helps to significantly increase the efficiency of use of the basic factors of production - land and labor. Of particular importance for the African agriculnure is attracting foreign investment associated with the development of fixed assets - capital holdings of objects, as well as in the construction and modernization of rural infrastructure (warehouses, dams, roads, etc.). The article shows that the fixed capital investment and involvement of the local workforce are crucial factors in the growth of productivity in agricultural production.
About the Author
V. P. Morozov
Institute or African Studies of the Russian Academy of Sciences
Russian Federation
Russian Federation
Candidate of Economic Sciences, Senior Researcher,
30/1 Spiridonovka str., Moscow, 123001
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Review
For citations:
Morozov V.P. THE ROLE OF FOREIGN DIRECT INVESTMENT IN AGRICULTURAL DEVELOPMENT OF AFRICA SOUTH OF THE SAHARA. International Trade and Trade Policy. 2015;(3):66-75. (In Russ.)
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