SADC Needs Not To Be Desperate For Direct Foreign Investment: Clemence Mupfunya

The Danger Of Desperation Is That It Attracts Foreign Direct Investors With Wrong Motives and Ulterior Motives Clemence  Mupfunya This week I make my debut on the Sunday Express with an assessment of the economic environment for attracting foreign direct investment in emerging economics for the Southern African Development Community (SADC region). After so many years of African countries having gained independence most of them are finding it difficult to gain financial stability and operate far below their potential full employment. Hence most African economies got an unemployment rate that is higher in the whole world. This crisis has also been enlarged by governments focusing on the demand-side policies and giving too little attention to the supply-side policies. Therefore, in order for the governments to solve unemployment and financial crises most countries have to consider foreign direct investment as the private capital inflow of choice. Foreign direct investment creates more jobs in the local economy by directly establishing new jobs and indirectly when local spending increases due to purchases of goods and services by the new increase in per capita income in the economy. (adsbygoogle = window.adsbygoogle || ).push({}); Foreign direct investment also can be