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The effect of colonial legacies on Africa’s inward FDI: the case of UK FDI in Ghana
Critical perspectives on international business Pub Date : 2020-02-03 , DOI: 10.1108/cpoib-05-2018-0041
Collins Osei , Maktoba Omar , Tasneem Suliman Joosub

The purpose of this paper is to examine the role colonial ties play in attracting foreign direct investment (FDI) to Ghana, several years after the official end of colonisation in the African continent. Colonisation left behind legacies of institutional framework, social ties and remnants of companies of colonial masters, which could potentially offer contemporary businesses from home countries the benefits of country of origin agglomeration.,This paper uses sequential explanatory mixed research design through 101 questionnaires and 8 interviews from the UK companies with FDI in Ghana. This approached enabled the initial quantitative results to be explored further through the qualitative data.,Colonial ties have limited influence on contemporary flow of FDI to Ghana, in spite of the institutional legacies between former colonisers and colonies. Majority of UK companies are influenced by agglomeration opportunities in general rather than country of origin agglomeration. However, country of origin agglomeration remains important to over a third of the companies surveyed.,The sample was taken from the non-extractive industry in Ghana, and caution must be applied in generalising the findings. However, some universal issues concerning agglomeration and institutions are discussed.,Although there has been some research on colonial history and its impact on FDI in Africa, existing knowledge on bilateral relations is rather limited. Unlike previous studies, this research provides depth by examining colonial influence on FDI between two countries, using two key concepts: country of origin agglomeration and institutions. It provides UK companies with contemporary views to consider when exploring FDI opportunities in Ghana, particularly in relation to the effects of the colonial history. It also provides investment promotion agencies with empirical results on the importance of various forms of agglomeration and institutions for FDI attraction.

中文翻译:

殖民遗产对非洲内向外国直接投资的影响:以英国在加纳的外国直接投资为例

本文的目的是研究殖民关系在非洲大陆殖民正式结束之后的几年中在吸引外国直接投资(FDI)到加纳中的作用。殖民化遗留下来的制度框架,社会纽带和殖民主人的遗留遗留物,有可能为来自本国的当代企业提供原籍国的好处。本文通过101份问卷和8次访谈,采用了顺序解释性混合研究设计来自在加纳拥有外国直接投资的英国公司。这种方法使得通过定性数据可以进一步探索最初的定量结果。尽管前殖民者和殖民地之间存在制度遗留,但殖民关系对当代外国直接投资流向加纳的影响有限。一般而言,大多数英国公司受集聚机会的影响,而不是受原籍国集聚的影响。但是,原产地国家的集聚对于三分之一以上的公司仍然很重要。该样本取自加纳的非提取性行业,在总结发现时必须谨慎。然而,尽管有一些关于殖民历史及其对非洲外国直接投资的影响的研究,但有关双边关系的现有知识却十分有限。与先前的研究不同,本研究通过使用两个关键概念:起源国的集聚和制度,研究了殖民地对两个国家之间外国直接投资的影响,从而提供了深度信息。它为英国公司提供了当代观点,以探讨加纳的外国直接投资机会,尤其是在殖民历史影响方面。它还为投资促进机构提供了各种形式的集聚和吸引外国直接投资的重要性的经验结果。
更新日期:2020-02-03
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