Contribution of foreign direct investments to science and technology in Africa

Abstract

There are close relations between investment, technology and competitiveness. These relations have attracted a great deal of interest in the last few years and a growing literature has emerged on the subject. Often, the quickest way to get a particular technology is through foreign direct investment (FDI), including joint ventures. This form of technology transfer is non-debt creating and gives rapid access to finance, technology, technical knowledge, management expertise and international markets