Internationalization Strategies of African Firms

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Internationalization Strategies of African Firms

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Title: Internationalization Strategies of African Firms
A Survey of 210 Food Processing Firms from Tanzania, Kenya and Zambia
Author: Schmidt, Amelie; Hansen, Michael Wendelboe
Abstract: The increasing integration of global markets creates opportunities, as well as challenges for developing countries. Even though the picture of Africa as a ‘hopeless continent’ (Economist, 2000) has changed to the ‘next Asia’ (Deloitte, 2016), poverty, unemployment and business failure rates remain high (Mol, Stadler, & Arino, 2017). More precisely, African firms have to cope with the difficult environment in their local economies, which are often dominated by institutional voids, corruption and market risks (Tvedten et al., 2015). At the same time, local companies face fierce competition by foreign companies entering their local markets due to the trade liberalization reforms that took place since the 1980s (Moini, Kuada, & Decker, 2016). These factors contribute to the poor performance of African companies, which is reflected by stagnating exports, particularly in the manufacturing sector (Söderbom & Teal, 2003).
URI: http://hdl.handle.net/10398/9566
Date: 2017-12-11

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