To help catalyze growth and tackle extreme poverty, African leaders must try to attract hundreds of billions of dollars in foreign direct investment. They should emulate China and start by targeting the 165 million members of the continent's diaspora.
LOMÉ/BOSTON – In the United Nations’ 2020 World Investment Report, Secretary-General António Guterres noted that global foreign direct investment (FDI) this year is “expected to fall sharply from 2019 levels of $1.5 trillion” to below the trough it hit during the global financial crisis. This decline will have a devastating effect on emerging economies, many of which are already in crisis as a result of the COVID-19 pandemic.
LOMÉ/BOSTON – In the United Nations’ 2020 World Investment Report, Secretary-General António Guterres noted that global foreign direct investment (FDI) this year is “expected to fall sharply from 2019 levels of $1.5 trillion” to below the trough it hit during the global financial crisis. This decline will have a devastating effect on emerging economies, many of which are already in crisis as a result of the COVID-19 pandemic.