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Multinationals, Local Capacity Building and Development

The Role of Chinese and European MNEs

Xiaolan Fu, Owusu Essegbey and Godfred K. Frempong

Drawing on original research, Multinationals, Local Capacity Building and Development presents an extensive analysis of MNEs in Africa, taking Ghana as a case study, and broaching subject matter previously unaddressed in the field. Looking at MNEs impacts – both positive and negative – this book examines skill transfer from foreign management to local workers, the impact of MNEs on the improvement of local production capabilities, as well as their contributions to sustainable development goals.
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Chapter 8: Conclusions and policy implications

Xiaolan Fu, Owusu Essegbey and Godfred K. Frempong

Extract

Managerial capability is a crucial pillar in enhancing innovation and facilitating industrial development. Ghana is not only a country that bears the distinctive features of the African context, but it also models the characteristics of an emerging economy where innovation is central for further progress. In that regard, the question of how knowledge and innovation can be further stimulated to enhance growth sustainably is of keen interest to stakeholders, policy makers, development actors, innovation scholars and others alike. Finding answers to this question has become quite urgent against the background of the imperatives of sustainable development. The focus on managerial knowledge transfer to build managerial capability is a major effort to understand and address some of the crucial challenges facing emerging economies with the appropriate answers. Sustainable development is a global agenda. Invariably, nations ought to strategise for the attainment of the SDGs within their socio-economic contexts and in line with their national aspirations. For a country such as Ghana, the SDGs of poverty elimination, food and nutrition security, good health and well-being are at the core of national efforts. Ghana’s poverty incidence of 24.2 per cent of the total population may be one of the examples of relatively low poverty incidence on the continent. However, it is still not acceptable that almost a quarter of the human population in a nation should be living in poverty, especially when the aim of SDG 1 is to ‘end poverty in all its forms everywhere’. The current industrialisation drive with the flagship programme of One District One Factory (1D1F) illustrates the efforts at creating conditions for economic advancement. In the process, MNEs have the potential of being major players.

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