... (Daniels and Radebaugh, 1998). Despite the contributions and advantages, the growth and employment effects of MNEs do not necessarily benefit one country at the expense of another. Many of these effects are due to the relative employment of resources with and/or without the MNEs' activities. In the context of globalization, Africa requires investment by multinational enterprises (MNEs) to improve its competitiveness and to facilitate micro-level structural changes required for reducing its level of risks for investment. The process of economic development is to a large extent contingent upon the cumulative effects of appropriation and development of technological advancement in which MNEs play a central role (Gilroy, 1993). Many of the arguments found are based upon the insight that both home and host countries may gain from FDI when resources are not inevitably fully employed which leads to an industry-specific and complementary nature of capital and technology. FDI often carries with ...

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