The fundamentals of the institutional approach to the regulation of foreign investors in Africa
Sapuntsov A.L.1
1 Институт Африки Российской академии наук, Russia
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Journal paper
Journal of Economics, Entrepreneurship and Law (РИНЦ, ВАК)
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Volume 9, Number 4 (October-December 2019)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=42471376
Cited: 6 by 30.01.2024
Abstract:
The methods of forming economic institutions for regulating the inflow of foreign direct investments (FDI) are studies in the article. Such institutions consist of investment promotion agencies (considering the pluralism of their position in hierarchy of state bodies and subordination) and investment codes. African nations use these codes to make relevant sources of law and instructions more available to multinational enterprises (MNE). Despite of some progress achieved by African states in improving their investment climate, there are still various unresolved difficulties in diversifying the inflow of FDI through their realization in nationally prioritized business activities, such as services. It is productive to apply the institutions of digital economy for progressive implementation of African investment codes. Utilization of RegTech and SupTech looks promising, therefore, analysts employed by MNEs will enhance cognitive abilities for better creative exploration of perspective investment opportunities and relevant incentives in Africa
Keywords: Africa, foreign direct investments (FDI), investment code, multinational enterprise (MNE), East India Company (EIC), RegTech, SupTech, business institutions
JEL-classification: F21, F23, N27, N17
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