Internationalisation and Economic Growth Strategies in Ghana: A Business Perspective
Adonis & Abbey, 2007 - Business & Economics - 252 pages
Economic growth is one of the most cost-effective ways of dealing with poverty in Africa. Growth lifts many people out of poverty and at the same time generates the government revenues necessary for investments within the social sector. Thus the design and implementation of business development policies remains a major challenge in most African countries. This entails supporting businesses to be integrated within the global economic structure without being easy victims of unscrupulous and opportunistic investors. During the past two decades successive Ghanaian governments have implemented private sector development policies aimed at stimulating growth through internationalisation of local enterprises and attracting foreign investors. Contributors to the volume provide an overview of the impact of these policies on the Ghanaian business environment and the strategic orientations of managers. They also offer an insight into the productivity and performance of exporting firms, the financial and knowledge acquisition strategies they adopt, their degree of market orientation and corporate social responsibility and the challenges faced by African policy makers and managers learning to operate within an increasingly turbulent global economy. The book situates the Ghanaian experience within the broader context of African economic growth and calls for African economic integration as a platform on which African firms can build their competitiveness and operate more effectively within the global economy. _____________________________________________________________________ John Kuada is an Associate Professor of International Management at Aalborg University, Denmark. He has published extensively on issues of African management and international business in scholarly journals. He is also the editor of African Journal of Business and Economic Research.
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Aalborg University Accra analysis argued behaviour buyers capacity capital structure collaboration companies competitive advantage corporate social responsibility cost Daily Graphic Danish Danish partner debt finance debt ratio determinants developing country firms domestic downstream internationalisation economic empirical employees environment equity export activities export markets export performance export sector exporters and non-exporters factors financial performance firm's firms in Ghana foreign firms Ghanaian firms Ghanaian partner global growth home demand impact important industries innovation inputs International Business International Marketing internationalisation process internationally connected firms investment knowledge transfer Kuada learning learning-by-export linkages literature managerial market orientation measures MNCs multinational nation's firms non-exporting firms operations organisational perspective policies Porter positive profitability relationship risk aversion risk management role strategic alliances strategy suggest suppliers sustainable competitive advantages Table top management total assets University of Ghana upgrading upstream internationalisation value chain variables