Article
Corresponding author:
Badiru Ibrahim, Northwest University, Kano, Nigeria, Department of History and International
Studies
E-mail: ibrahimbadiru@gmail.com
NEPAD and Foreign Direct
Investment in Africa
Badiru, Ibrahim
Northwest University, Nigeria
Abstract
The New Partnership for Africa's Development is a pledge by African Leaders based
on a common vision and a firm, shared conviction that they have a pressing duty to
eradicate poverty and place their countries, both individually and collectively on a path
of sustainable growth and development and to participate actively in the world
economy and politics (NEPAD, 2001). The paper uses the political economy theory to
examine the philosophy of the New Partnership for Africa's Development and the
policy has been able to attract foreign direct investment. The research relies on
secondary sources of data for the purpose of evaluating the successes and failures of
NEPAD. The paper recommends that regional integration be strengthen to enhance
economy interaction among African States and conflict prevent mechanism be
strengthen to reduce persistence conflict in Africa, to encourage foreign investment in
the region.
Keywords
NEPAD, Foreign Direct Investment, development, poverty, underdevelopment
Introduction
The high expectations and enthusiasm that New Partnership for Africa’s
Development (NEPAD) has generated from different parts of the African
continent may make all observers believe the partnership is the first of its kind
on the continent. It is an established fact that before NEPAD, Africa had a rich
history of development co-operation programmes, ranging from the call for a
New International Economic Order under the Nations of the Non- aligned
Movement which led to the UN Economic Commission for Africa (UNECA)
in 1970s. This also provided the basis for the Monrovia strategy of 1970, the
famous Lagos Plan of Action (LPA) in 1980, the Africa Priority Programme
for Economy Recovery (APPER) in 1986, later adopted by United Nations and
renamed the United Nations Programme of Action for Africa Economic
Recovery and Development (UN-PAAERD), The Abuja Declaration 1987, the
Journal of Management and
Social Sciences
© The Author 2016
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