Africa: Investment growth benefits few

While foreign direct investment in least developed countries (LDCs) in Africa has risen sharply over the past decade, most of it went to resource-rich economies and had little impact on employment creation.
On the eve of the fourth United Nations’ conference on LDCs, UNCTAD has launched a study on the developmental effects of foreign direct investment (FDI), adopted at the 2001 LDCs conference as one of the tools to foster development in poor countries. The study, called 'FDI in LDCs: Lessons learned from the decade 2001 – 2010', shows the results are at best mixed.