Growth of Foreign Direct Investment in Kenya. Foreign Direct Investment in Kenya's Manufacturing Sector

      Аннотация: Foreign direct investment is a diver of growth in all economic sectors; manufacturing sector is not an exception. This book attest that, increasing foreign investment in Kenya's manufacturing sector though not a panacea to economic development can contribute to the realization of sustained economic growth. Growth of manufacturing sector could be achieved through mobilization of international financial resources. Considering the unpredictability of aid flows, the low share of Africa in world trade, the high volatility of short-term capital flows, and the low savings rate in Kenya, the desired economic development could be achieved through an increase in foreign direct investment inflows in the manufacturing sector, at least in the short-run. The flow of foreign direct investment in the sector will spur economic activities, create employment and lead to improvement of infrastructure in the Kenyan economy.

Ключевые слова: economic development, foreign direct investment, governance, Growth, Manufacturing