The multinational corporation in Africa

Abstract

With the passage of time and the accumulation of experience, governments of many developing countries, including those in Africa, are coming to regard the phenomenon of private foreign investment as one whose contribution to economic development cannot "be judged by a simple rule of thumb or by a single criterion. The habit of thinking in terms of costs and benefits is beginning to be applied to foreign private investment even though no satisfactory formula for quantifying all such costs and benefits is or per happy ever will be available.