Foreign Direct Investments, Transnational Corporations and Management Training Options in Africa
Abstract
MainForeign Direct Investments, Transnational Corporations and Management Training Options in Africa SAGE Publications, Inc.1991DOI: 10.1177/135050769102200106 Leo Schellekens Institute of Development Management Gabarone, Botswana The 1980s witnessed the start of a fundamental rethinking of the best way to achieve social and economic development in Sub-Saharan Africa. The old model, in which the state alone was the engine of development, owning most productive assets, allocating resources and dictating prices, was being abandoned. The present decade will see the emergence of another development model. private African enterpreneurship in close cooperation with foreign investors will take care of good-producing and non-infrastructure services, while the public sector will concern itself with developing human resources and building administrative and physical infrastructures (Netherlands Ministry of Development Assistance, 1990; Netherlands Ministry of Foreign Affairs, 1990). The activities of transnational corporations in the world economy have continued to increase. Intense competition in the 1990s for new markets and international capital will lead to an explosion of business ventures in all parts of the world, combining money, technology, and managerial and marketing skills in innovative and flexible ways (South Magazine, 1990). However, the danger is very concrete that the continent of Africa might lose its chances to benefit