The surge in private capital flows to developing countries during the 1990s has largely by-passed sub-Saharan Africa. In sharp contrast to the earlier lending boom of 1977-82, when sub-Saharan Africa accounted for 8.9 percent of total private flows to developing countries, the region accounted...

In this study an attempt is made to gauge the importance of prudent macro-economic management in the location choice decision of foreign direct investors. Moreover, infrastructure availability, market size, trade liberalisation and economic development are also considered, for a set of forty...

Access to electricity is a marker for development but it is far from being universal in developing countries. In this context, multinational enterprises (MNEs) could play a role, especially if the country suffers from institutional voids. Using a panel of 1500 home-host country pairs, observed...