Suchergebnisse

How can Africa, the world's most lagging region, benefit from globalisation and achieve sustained economic growth? Africa needs greater investment by Multinational Enterprises (MNEs) to improve competitiveness and generate more growth through positive spill-over effects. Despite the fact that Africa's returns on investment averaged 29% since 1990, Africa has gained merely 1% of global Foreign Direct Investment (FDI) flows. The challenge for African countries is how to be a more desirable destination for FDI. The study integrates three currents of economic research, namely from the literature on (endogenous) economic growth, convergence and regional integration, the explanations for Africa's poor growth and the growing understanding of the role of MNEs in a global economy. The empirical side of the book is based on an econometric study of the determinants of FDI in Africa as well as a detailed firm-level survey conducted in 2000

The Regional Comprehensive Economic Partnership (RCEP) creates the largest free trade zone worldwide and changes the world economy. The RCEP region is one of Germany's most important trading partners and supplier of key inputs with a trade volume of USD 218 billion in imports and USD 188 billion in exports in 2020. But how does RCEP impact Germany and which sectors are most affected? How should Germany best react economically and politically in order to benefit most from the agreement and its consequences instead of losing trade volume and global market share? To answer these questions, we analyse trade between Germany and the RCEP members in terms of imports, exports, trade in value-added as well as forward and backward linkages, before conducting a sector-level trade analysis. Our analysis incorporates the details of the RCEP provisions and compares the agreement to the CPTPP. We find that a more China-centric political agenda is necessary for Germany and that it ought to incentivise RCEP investment, especially in the computer, electronic and optical products sector as well as the motor vehicles, trailers and semi-trailers sector. This will preserve existing exports and market shares, further develop RCEP as a market for German exports as well as investment in order to benefit from positive local effects of RCEP.