Abstract
Increasing the rate of inputs- private foreign direct investments to accelerate development in LDCs or developing countries has not been attained over the years. The reason is that more poverty stares the faces of the people in these countries. This is the problem. The literature has said that accelerating development through the rate of inputs has preconditions of friendly environment, sound macroeconomic policies, absorptive capacity, competitiveness of the market, capital accumulation, technology assistance, etc, for private investment to strive. But the situation has not changed much. Do we not need to revisit the preconditions? Consider the non-economic, i.e., personality traits, culture and governance, as well as the economic, i.e.. privatization, globalization, debt overhang, multinationals/SMES and foreign exchange rate realignment. Perhaps, these may make the difference for the attainment of the development goal. After the introduction, literature review and the method employed—analytical, the findings, conclusion and recommendations were made that the personality trait culture and implementation of some macro-economic policies may push the "hesitant" capital to the LDCs.
Recommended Citation
Amadasu, David E.
(2006)
"Finance for Development and Developing Countries: The Preconditions Revisited,"
Journal of African Policy Studies: Vol. 12:
No.
2, Article 5.
Available at:
https://ecommons.udayton.edu/joaps/vol12/iss2/5