Abstract
Most Sub-Saharan African countries have adopted policies to attract foreign direct investment (FDI) and policies to stimulate the growth of small and medium enterprises (SMEs). While a significant body of literature exists analyzing how these objectives can be mutually reinforcing, the negative interplay between these policies remains relatively unexplored. This paper examines whether, and in what circumstances, investment incentives could undermine SME competitiveness and, conversely, whether policies aiming to promote SMEs through encouraging FDI-SME linkages could impede FDI. This paper demonstrates that, absent a comprehensive approach to policy making, tensions invariably arise between investment incentives and SME promotion policies.
Acknowledgment
The author expresses thanks to Nicholas Jordan for helpful research assistance. The author also thanks the participants of the 2017 Law and Development Conference for helpful feedback on an earlier draft of this paper. Disclaimer: The views expressed in this paper represent the personal views of the author, and do not represent the views of Sidley Austin LLP or its clients. This article has been prepared for informational purposes only and does not constitute legal advice. Readers should not act upon this without seeking professional advice.
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© 2018 Law and Development Review
Artikel in diesem Heft
- Frontmatter
- Introduction
- Mapping Law and Development from African Perspectives: An Overview
- Legal Pluralism and Effective Governance for Development in Africa
- The African Union Agenda 2063 and the Imperative of Democratic Governance
- Unpacking Legal Pluralism in Commonwealth Africa – Towards Strengthening Methods for Rule of Law Programming for Development
- Demand for Law in the African Private Sector
- OHADA and the Making of Transnational Commercial Law in Africa
- Corruption in Public Procurement in Lesotho
- Law and Industrial Promotion
- Law and Development: Lessons from South Korea
- Has it Reinvented Iron Law? South Africa’s Social Industrialisation, not Iron Industrialisation
- Law–Finance–Growth Nexus in the Context of Africa
- Inclusive Industrialization: The Interplay Between Investment Incentives and SME Promotion Policies in Sub-Saharan Africa
- Intellectual Property Rights for Development
- The Creative Industry and South African Intellectual Property Law
- Digital Rights Management System and Administration: A Wake-up Call for Nigeria!
- Enforcing Intellectual Property Rights in Nigerian Courts
- Poverty and Sustainable Development
- De-Growth and Sustainable Development: Rethinking Human Rights Law and Poverty Alleviation
- Macro Aid: Applying Microcredit’s Group Liability Principle to Foreign Aid
- Law as a Tool for Ensuring Contributions of Small-Scale Women Farmers to Food Security in Nigeria
- Law and Natural Resources
- The Protection and Promotion of a People’s Right to Mineral Resources in Africa: International and Municipal Perspectives
- Justifying Water Rights in Nigeria: Fiction or Achievable Panacea?
- Three Mining Charters and a Draft: How the Politics and Rhetoric of Development in the South African Mining Sector are Keeping Communities in Poverty
- Addressing Human Rights Concerns in the Extractive Resource Industry in Sub-Saharan Africa using the Lens of Article 46 (C) of the Malabo Protocol
- Wildlife Poaching and Rule of Law in Kenya
- Good Governance and Development in Botswana – The Democracy Conundrum
- Book Review
- Yong-Shik Lee: Reclaiming Development in the World Trading System
Artikel in diesem Heft
- Frontmatter
- Introduction
- Mapping Law and Development from African Perspectives: An Overview
- Legal Pluralism and Effective Governance for Development in Africa
- The African Union Agenda 2063 and the Imperative of Democratic Governance
- Unpacking Legal Pluralism in Commonwealth Africa – Towards Strengthening Methods for Rule of Law Programming for Development
- Demand for Law in the African Private Sector
- OHADA and the Making of Transnational Commercial Law in Africa
- Corruption in Public Procurement in Lesotho
- Law and Industrial Promotion
- Law and Development: Lessons from South Korea
- Has it Reinvented Iron Law? South Africa’s Social Industrialisation, not Iron Industrialisation
- Law–Finance–Growth Nexus in the Context of Africa
- Inclusive Industrialization: The Interplay Between Investment Incentives and SME Promotion Policies in Sub-Saharan Africa
- Intellectual Property Rights for Development
- The Creative Industry and South African Intellectual Property Law
- Digital Rights Management System and Administration: A Wake-up Call for Nigeria!
- Enforcing Intellectual Property Rights in Nigerian Courts
- Poverty and Sustainable Development
- De-Growth and Sustainable Development: Rethinking Human Rights Law and Poverty Alleviation
- Macro Aid: Applying Microcredit’s Group Liability Principle to Foreign Aid
- Law as a Tool for Ensuring Contributions of Small-Scale Women Farmers to Food Security in Nigeria
- Law and Natural Resources
- The Protection and Promotion of a People’s Right to Mineral Resources in Africa: International and Municipal Perspectives
- Justifying Water Rights in Nigeria: Fiction or Achievable Panacea?
- Three Mining Charters and a Draft: How the Politics and Rhetoric of Development in the South African Mining Sector are Keeping Communities in Poverty
- Addressing Human Rights Concerns in the Extractive Resource Industry in Sub-Saharan Africa using the Lens of Article 46 (C) of the Malabo Protocol
- Wildlife Poaching and Rule of Law in Kenya
- Good Governance and Development in Botswana – The Democracy Conundrum
- Book Review
- Yong-Shik Lee: Reclaiming Development in the World Trading System