Footloose garment investors in southern and eastern Africa
Document type: report
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Abstract:
Several Southern and Eastern African countries, and especially Lesotho and Swaziland, have attracted foreign investment in garments as part of a strategy for economic development. While many donors and institutions, such as the World Bank and the OECD, praise the benefits of foreign investment for development, this paper looks at the impact of foreign direct investment in garments from the perspective of sustainable development and poverty eradication. The findings of research in these countries1 show how foreign investors in the garment industry can easily leave, and have become footloose. They highlight how the costs to the host country, the workers, communities and the environment need to be taken into account when looking at the costs and benefits of foreign investment.
Note:
This paper is based on the research report: Footloose investors : investing in the garment industry in Africa. - E. de Haan & M. Vander Stichele. - August 2007
Authors:
Haan, E. de
,
Vander Stichele, M.
Series Title:
SOMO Paper
Country:
Lesotho
,
Swaziland
Category:
Research
Editor:
Turner, J.
ISBN:
978-90-71284-21-2
Serial number:
March
Keywords:
finance
,
industry
,
sustainable development
,
poverty
Language:
eng
Organization:
SOMO - Centre for Research on Multinational Corporations
PAGE:
7
Place:
Amsterdam
Publisher:
SOMO
Year:
2008
Region:
Southern Africa
,
East Africa
Right:
© 2008 SOMO This document is licensed under the Creative Commons Attribution-NonCommercial-NoDerivateWorks 2.5 License
Subject:
Economic Development and Trade
Title:
Footloose garment investors in southern and eastern Africa