Multinational Enterprises and African Economy

Multinational Enterprises and African Economy

Edet E. Okon
ISBN13: 9781522502760|ISBN10: 1522502769|EISBN13: 9781522502777
DOI: 10.4018/978-1-5225-0276-0.ch018
Cite Chapter Cite Chapter

MLA

Okon, Edet E. "Multinational Enterprises and African Economy." Multinational Enterprise Management Strategies in Developing Countries, edited by Mohammad Ayub Khan, IGI Global, 2016, pp. 351-381. https://doi.org/10.4018/978-1-5225-0276-0.ch018

APA

Okon, E. E. (2016). Multinational Enterprises and African Economy. In M. Khan (Ed.), Multinational Enterprise Management Strategies in Developing Countries (pp. 351-381). IGI Global. https://doi.org/10.4018/978-1-5225-0276-0.ch018

Chicago

Okon, Edet E. "Multinational Enterprises and African Economy." In Multinational Enterprise Management Strategies in Developing Countries, edited by Mohammad Ayub Khan, 351-381. Hershey, PA: IGI Global, 2016. https://doi.org/10.4018/978-1-5225-0276-0.ch018

Export Reference

Mendeley
Favorite

Abstract

Africa's economy, an emerging economy is gradually being re-positioned in the global economy as a focus of investment. Multinational Enterprises (MNEs) have helped to shape the economy of Africa. An overview of Africa's economy was examined; top 20 Africa's largest economies were highlighted; major sectors perceived as paths to growth of Africa's economy were examined – Agriculture, Banking, Consumer goods, infrastructure, mining, oil and gas, and telecommunications. The chapter also enunciated the concept, ‘diversified economy' in relation to oil exporters, the transition economies and the pre-transition economies. It is therefore concluded that Multinational Enterprises will continue to contribute to the growth of Africa's economy, especially as more indigenous enterprises are being launched by African countries. It is therefore recommended that African countries should continue to diversify her economy to take advantage of large labor potential and natural resources endowment.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.