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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="review-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">RUDN Journal of Economics</journal-id><journal-title-group><journal-title xml:lang="en">RUDN Journal of Economics</journal-title><trans-title-group xml:lang="ru"><trans-title>Вестник Российского университета дружбы народов. Серия: Экономика</trans-title></trans-title-group></journal-title-group><issn publication-format="print">2313-2329</issn><issn publication-format="electronic">2408-8986</issn><publisher><publisher-name xml:lang="en">Peoples’ Friendship University of Russia named after Patrice Lumumba (RUDN University)</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="publisher-id">42406</article-id><article-id pub-id-type="doi">10.22363/2313-2329-2024-32-3-555-569</article-id><article-id pub-id-type="edn">ONKXNK</article-id><article-categories><subj-group subj-group-type="toc-heading" xml:lang="en"><subject>INTERNATIONAL CAPITAL MOVEMENT</subject></subj-group><subj-group subj-group-type="toc-heading" xml:lang="ru"><subject>МЕЖДУНАРОДНОЕ ДВИЖЕНИЕ КАПИТАЛА</subject></subj-group><subj-group subj-group-type="article-type"><subject>Review Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">Interconnection between Globalization and Foreign Direct Investment in Africa</article-title><trans-title-group xml:lang="ru"><trans-title>Взаимосвязь между глобализацией и прямыми иностранными инвестициями в Африке</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><name-alternatives><name xml:lang="en"><surname>Diarra</surname><given-names>Souleymane</given-names></name><name xml:lang="ru"><surname>Диарра</surname><given-names>Сулейман</given-names></name></name-alternatives><bio xml:lang="en">PhD scholar student, Department of Finance and Credit, Faculty of Economics</bio><bio xml:lang="ru">аспирант, кафедра финансов и кредита, экономический факультет</bio><email>1042225132@rudn.ru</email><xref ref-type="aff" rid="aff1"/></contrib><contrib contrib-type="author"><name-alternatives><name xml:lang="en"><surname>Girinsky</surname><given-names>Andrey V.</given-names></name><name xml:lang="ru"><surname>Гиринский</surname><given-names>Андрей Владмирович</given-names></name></name-alternatives><bio xml:lang="en">Associated Professor, Ph.D. Faculty of Economics</bio><bio xml:lang="ru">доцент, кандидат эко номических наук, экономический факультет</bio><email>girinsky-av@rudn.ru</email><xref ref-type="aff" rid="aff1"/></contrib></contrib-group><aff-alternatives id="aff1"><aff><institution xml:lang="en">RUDN University</institution></aff><aff><institution xml:lang="ru">Российский университет дружбы народов</institution></aff></aff-alternatives><pub-date date-type="pub" iso-8601-date="2024-12-15" publication-format="electronic"><day>15</day><month>12</month><year>2024</year></pub-date><volume>32</volume><issue>3</issue><issue-title xml:lang="en">FORMATION OF A MULTIPOLAR WORLD</issue-title><issue-title xml:lang="ru">ФОРМИРОВАНИЕ МНОГОПОЛЯРНОГО МИРА</issue-title><fpage>555</fpage><lpage>569</lpage><history><date date-type="received" iso-8601-date="2025-01-10"><day>10</day><month>01</month><year>2025</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2024, Diarra S., Girinsky A.V.</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2024, Диарра С., Гиринский А.В.</copyright-statement><copyright-year>2024</copyright-year><copyright-holder xml:lang="en">Diarra S., Girinsky A.V.</copyright-holder><copyright-holder xml:lang="ru">Диарра С., Гиринский А.В.</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/><license><ali:license_ref xmlns:ali="http://www.niso.org/schemas/ali/1.0/">https://creativecommons.org/licenses/by-nc/4.0</ali:license_ref></license></permissions><self-uri xlink:href="https://journals.rudn.ru/economics/article/view/42406">https://journals.rudn.ru/economics/article/view/42406</self-uri><abstract xml:lang="en"><p>Foreign direct investment (FDI) is an important source of capital inflows to many African countries. Despite the marked improvement in economic, political, and social conditions in these capital-scarce countries, foreign investors do not consider them viable locations to locate in the country. Since FDI brings huge spillovers to the host country, some countries have recently institutionalized globalization as a catalyst to reverse this trend. Against this background, the relationship between FDI and globalization in African countries in recent years is examined. Using an extended panel estimation, the results show that FDI into Africa is indeed driven by globalization. Moreover, it is clear that this positive relationship is due to the economic dimension of globalization. Overall, the potential of globalization to stimulate an FDI boom in Africa has been demonstrated. The relationship between globalization and foreign direct investment (FDI) in Africa is multifaceted and plays a crucial role in the economic development of the continent. Globalization, characterized by the acceleration of trade, capital movements and increased interconnection between countries, has opened up new opportunities for Africa. The FDI, which refers to investments made by foreign companies in productive assets in a host country, is a key vector of this dynamic. At the same time, many African countries face a number of challenges associated with FDI inflows, such as the need to improve infrastructure, improve legal frameworks and reduce corruption. Thus, to maximize the benefits of globalization and attract more FDI, African countries need to continue reforms and strengthen their institutional environment. This will not only increase economic growth, but also increase resilience to external shocks and improve the overall stability of the economy in the region, which will further increase FDI.</p></abstract><trans-abstract xml:lang="ru"><p>Прямые иностранные инвестиции (ПИИ) являются важным источником притока капитала во многие африканские страны. Несмотря на заметное улучшение экономических, политических и социальных условий с дефицитом капитала в этих странах, иностранные инвесторы пока не считают их достаточно комфортными для долгосрочного размещения в стране. Поскольку ПИИ приносят определенные побочные эффекты принимающей стороне, некоторые страны в последнее время рассматривают глобализацию в качестве катализатора не только позитивных, но и негативных факторов. На этом фоне рассмотрена взаимосвязь ПИИ и глобализации в африканских странах за несколько последних лет. Использование комплексной оценки, в качестве результата показывает, что ПИИ в Африке действительно тесно связаны с глобализацией. Также выявлена обусловленность в основном позитивного характера такой связи с экономическими результатами глобализации. Одновременно исследованы потенциал и роль глобализации в стимулировании ПИИ в Африке. Отношения между глобализацией и прямыми иностранными инвестициями (ПИИ) в Африке многогранны и играют решающую роль в экономическом развитии континента. Глобализация, характеризующаяся ускорением торговли, движением капитала и увеличением взаимосвязи между странами, открыла новые возможности для Африки. ПИИ, которые относятся к инвестициям, сделанным иностранными компаниями в производственные активы в принимающей стране, являются ключевым вектором этой динамики. В то же время многие африканские страны сталкиваются с рядом вызовов, связанных с притоком ПИИ, таких как необходимость улучшения инфраструктуры, совершенствования правовой базы и снижения уровня коррупции. Таким образом, для максимального использования преимуществ глобализации и привлечения большего объема ПИИ африканским странам необходимо продолжать реформы и укреплять свою институциональную среду. Это позволит не только увеличить экономический рост, но и повысить устойчивость к внешним шокам и повысить общую стабильность экономики в регионе, что повлечет дальнейшее увеличение ПИИ.</p></trans-abstract><kwd-group xml:lang="en"><kwd>investment</kwd><kwd>globalization</kwd><kwd>finance</kwd><kwd>economics</kwd><kwd>Africa</kwd><kwd>influence</kwd><kwd>development</kwd></kwd-group><kwd-group xml:lang="ru"><kwd>инвестиция</kwd><kwd>глобализация</kwd><kwd>финансирование</kwd><kwd>экономика</kwd><kwd>Африка</kwd><kwd>влияние</kwd><kwd>развитие</kwd></kwd-group><funding-group/></article-meta></front><body></body><back><ref-list><ref id="B1"><label>1.</label><citation-alternatives><mixed-citation xml:lang="en">Adams, S., &amp; Opoku, E.E.O. (2017). BRIC versus OECD foreign direct investment impact on development in Africa. Foreign capital flows and economic development in Africa: the impact of BRICS versus OECD. P. 147–161.</mixed-citation><mixed-citation xml:lang="ru">Бхагвати Д. 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