Overview

The textbook experience of poverty can be witnessed in a number of developing countries in Sub-Saharan Africa, South-East Asia and Latin America. Accordingly, Foreign Direct Investment (FDI) has been identified as an important tool for poverty reduction, as it is noted to accelerate economic growth and employment in a nation, and is currently an essential issue for countries such as Uganda. This book finds that Ragnar’s 1953 ‘Vicious-Circle of Poverty’ remains undisputed even today, showing that attracting FDI is not the end, but that a nation’s absorption capacity is equally paramount. The implications of the FDI ‘frog-leap theory’ for developing countries and the Community Capital Absorption Capacity Development (CCACD) framework provide plausible poverty reduction approaches in the 21st century. Without such measures, bringing an end to poverty is likely to elude governments and multinational corporations in developing countries.

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9781527538412

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Ronald K.S. Wakyereza holds a PhD in International Economics and International Finance, a Master’s in International Trade, a Professional Certificate in International Trade, a Diploma in Trade Policy, a Postgraduate Diploma in Project Planning and Management, and a Bachelor of Arts degree in Social Sciences (Economics and Political Science). He is currently a Lecturer at the Holmes Institute, Melbourne, Australia, having previously worked as a Lecturer at Makerere University Business School for 13 years. This was before working at the Ministry of Trade, Industry and Cooperatives and in various positions in local government in Uganda. He is the President and Founder Member of the Agatha Foundation Ministries, Mukono, Uganda. His paper “Is Tourism a Tool for Poverty Reduction in a Developing Country? A Study on Uganda” was honoured with a Best Paper Award at the 2017 Global Tourism Conference, Malaysia.

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