Foreign direct investment from emerging markets to Africa: The HRM context

Human Resource Management

Volumn 53, Issue 1, 2014, Pages 179-201

  Wood, Geoffrey ^a   Mazouz, Khelifa ^b   Yin, Shuxing ^c   Cheah, Jeremy Eng Tuck ^c  

^a UNIVERSITY OF WARWICK   (United Kingdom)

^b BRADFORD UNIVERSITY SCHOOL OF MANAGEMENT   (United Kingdom)

^c UNIVERSITY OF SHEFFIELD   (United Kingdom)

Author keywords

Africa; Emerging market; FDI; HRM context

Indexed keywords

EID: 84893679412     PISSN: 00904848     EISSN: 1099050X     Source Type: Journal    
DOI: 10.1002/hrm.21550     Document Type: Article

References (87)

1. Addison, T., Guha-Khasnobis, B., & Mavrotas, G. (2006). Introduction and overview. The World Economy, 29, 1-7.
2. Aminu, A. (2011). Government wage review policy and public-private sector wage differential in Nigeria. African Economic Research Consortium (AERC). Research Paper 223.
3. Asiedu, E. (2006). Foreign direct investment in Africa: The role of natural resources, market size, government policy, institutions and political instability. The World Economy, 29, 63-77.
4. Asiedu, E. (2009). Does foreign aid mitigate the adverse effect of expropriation risk on foreign direct investment? Journal of International Economics, 78, 268-275.
5. Baltagi, B. H. (2005). Econometric analysis of panel data. Hoboken, NJ: Wiley.
6. Beardwell, J., & Clark, I. (2007). An introduction to human resource management. In R. Claydon & J. Beardwell (Eds.), Human resource management: A contemporary approach (pp. 4-30). London, UK: Prentice Hall.
7. Bennell, P. (1982). The colonial legacy of salary structures in Anglophone Africa. Journal of African Studies, 20, 127-154.
8. Berger, H., & Danninger, S. (2005). Labor and product market deregulation: Partial, sequential, or simultaneous reform? Washington, DC: IMF Publication Services.
9. Blonigen, B. (2005). A review of the empirical literature on FDI determinants. Washington, DC: National Bureau for Economic Research.
10. Boselie, P., Farndale, E., & Paauwe, J. (2012). Performance management. In C. Brewster & W. Mayrhofer (Eds.), Handbook of research on comparative human resource management (pp. 369-392). Cheltenham, UK: Elgar.
11. Botero, J., Djankov, S., La Porta, R., & Lopez-de-Silanes, F. (2004). The regulation of labor. Quarterly Journal of Economics, 119, 1339-1382.
12. Brambila-Macias, J., & Massa, I. (2010). The global financial crisis and sub-Saharan Africa: The effects of slowing private capital inflows on growth. Revue Africaine de Developpement, 22, 366-377.
13. Brewster, C., & Mayrhofer, W. (2012). Comparative human resource management-An introduction. In C. Brewster & W. Mayrhofer (Eds.), Handbook of research on comparative human resource management (pp. 1-23). Cheltenham, UK: Elgar.
14. Brigaldino, G. (1996). Africa's economic renewal under the spell of globalisation. Review of African Political Economy, 23(69), 437-442.
15. A bull in China's shop. (2006, September 8). Africa Confidential. Retrieved from http://www.africa-confidential.com/article-preview/id/1867/A_bull_in_China's_shop
16. Carnoy, M. (1995). Structural adjustment and the changing face of education. International Labor Review, 134, 653-673.
17. Cooke, W. N. (1997). The influence of industrial relations factors on U.S. foreign direct investment abroad. Industrial and Labor Relations Review, 50(1), 3-17.
18. Cooke, W. N. (2001). The effects of labour costs and workplace constraints on foreign direct investment among highly industrialized countries. International Journal of Human Resource Management, 12, 697-716.
19. Cooke, W. N., & Noble, D. S. (1998). Industrial relations systems and U.S. foreign direct investment abroad. British Journal of Industrial Relations, 36, 581-609.
20. Cooney, S., Gahan, P., & Mitchell, R. (2011). Legal origins, labor law and the regulation of employment relations. In M. Barry & A. Wilkinson (Eds.), Research handbook of comparative employment relations (pp. 75-97). Cheltenham, UK: Edward Elgar.
21. Corden, W. M. (1994). Economic policy, exchange rates and the international system. Oxford, UK: Oxford University Press.
22. Deakin, S., Lele, P., & Siems, M. (2007). The evolution of labour law: Calibrating and comparing regulatory regimes. International Labour Review, 146, 133-162.
23. De Cieri, H., Cox, J., & Fenwick, M. (2007). A review of international human resource management. International Journal of Management Reviews, 9, 281-302.
24. Desai, M. A., Foley, C. F., & Hines, J. R., Jr. (2004). A multinational perspective on capital structure choice and internal capital markets. Journal of Finance. 59, 2451-2488.
25. Dibben, P., Wood, G., Le, H., & Williams, C. (2011). MNCs in post-Socialist economies: Investment decisions and the regulation of employment. Human Resource Management Journal, 21, 379-394.
26. Dowling, P., Shuler, R., & Welch, D. (2004). International human resource management. Cincinnati, OH: International Thomson.
27. Edwards, T., & Rees, C. (2006). International human resource management: Globalization, national systems and multinational companies. Harlow, UK: Pearson Education Limited.
28. Eifert, B., Gelb, A., & Ramachandran, V. (2005). Business environment and comparative advantage in Africa, World Bank. Retrieved from http://siteresources.worldbank.org/EXTAFRSUMAFTPS/Resources/rped126.pdf
29. Farrell, D., Laboissière, M., & Rosenfeld, J. (2006). Sizing the emerging global labor market: Rational behavior from both companies and countries can help it work more efficiently. Academy of Management Perspectives, 20(4), 23-34.
30. Ferner, A., & Quintanilla, J. (1998). Multinationals, national business systems and HRM: The enduring influence of national identity or a process of Anglo-Saxonization? International Journal of Human Resource Management, 9, 710-731.
31. Ferreira, P. (2009). State society relations in Angola. Madrid, Spain: FRIDE.
32. Frynas, J. G., & Paulo, M. (2006). A new scramble for African oil? Historical, Political, and Business Perspectives, 106(423), 229-251.
33. Fuchs, T., & Woessmann, L. (2004). Computers and student learning: Bivariate and multivariate evidence in the availability and use of computers at home and at school. Working Paper, CESifo No. 1321.
34. Gelb, S. (2005, December). South-south investments: The case of Africa. Africa in the World Economy, pp. 200-205.
35. Gelb, S. (2009). Global economic crisis: How to recover. South African Labour Bulletin, 34(1), 44-47.
36. Goergen, M., Brewster, C., & Wood, G. (2009). Corporate governance regimes and employment relations in Europe. Industrial Relations/Relations Industrielles, 64, 620-640.
37. Habib, M., & Zurawicki, L. (2002). Corruption and foreign direct investment. Journal of International Business Studies, 33, 291-307.
38. Harcourt, M., & Wood, G. (2007). The importance of employment protection for skill development in coordinated market economies. European Journal of Industrial Relations, 13, 141-159.
39. Hartman, D. (1984). Tax policy and foreign direct investment in the United States. National Tax Journal, 37, 475-487.
40. Hartman, D. (1985). Tax policy and foreign direct investment. Journal of Public Economics, 26, 107-121.
41. Harvey, M. (2002). Human resource management in Africa: Alice's adventures in wonderland. International Journal of Human Resource Management, 13, 1119-1145.
42. Hebert, L., Very, P., & Beamish, P. (2005). Expatriation as a bridge over troubled water: A knowledge-based perspective applied to cross-border acquisitions. Organization Studies, 26, 1455-1476.
43. Helleiner, G. (2002). Marginalization and/or participation: Africa in today's global economy. Canadian Journal of African Studies/Revue Canadienne des Études Africaines, 36, 531-550.
44. Hering, L., & Poncet, S. (2010). Market access and individual wages: Evidence from China. Review of Economics and Statistics, 92, 145-159.
45. Hoskisson, R., Eden, L., Lau, C., & Wright, M. (2000). Strategy in emerging economies. Academy of Management Journal, 43, 249-267.
46. Ikejiaju, B. V. (2010). Weak business investment climate, poor economic growth and Africa's Socio-Economic Development. Journal of Sustainable Development in Africa, 12(1), 106-123.
47. Jackson, A. L., von Eye, A., Biocca, A. F., Barbatsis, B., Zhao, Y., & Fitzgerald, H. E. (2006). Does home internet use influence the academic performance of low-income children? Developmental Psychology, 42, 429-435.
48. Javorcik, B., & Spatareanu, M. (2005). Do foreign investors care about labor market regulations? Review of World Economics, 141, 375-403.
49. Khanna, T., & Palepu, K. G. (2006). Emerging giants: Building world-class companies in developing countries. Harvard Business Review, 84(10), 60-69.
50. Khavul, S., Benson, G., & Datta, D. (2010). Is internationalization associated with investments in HRM: A study of entrepreneurial firms from emerging markets. Human Resource Management, 49, 693-713.
51. Kinda, T. (2010). Investment climate and FDI in developing countries: Firm-level evidence. World Development, 38, 498-513.
52. Klare, M., & Volman, D. (2006). America, China and the scramble for Africa's oil. Review of African Political Economy, 33(108), 297-309.
53. Klerck, G. (2007). Labour regulation in Namibia: From 'colonial despotism' to 'flexible Taylorism.' In G. Wood & C. Brewster (Eds.), Industrial relations in Africa (pp. 98-110). London, UK: Palgrave.
54. Kutan, A. M., & Wyzan, M. L. (2005). Explaining the real exchange rate in Kazakhstan, 1996-2003: Is Kazakhstan vulnerable to the Dutch Disease? Economic Systems, 29, 242-255.
55. La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2008). The economic consequences of legal origins. Journal of Economic Literature, 46, 285-332.
56. Lartey, E. K. K. (2007). Capital inflows and the real exchange rate: An empirical study of sub-Saharan Africa. Journal of International Trade and Economic Development, 16, 337-357.
57. Lehmann, H., & Muravyev, A. (2009). How important are labor market institutions for labor market performance in transition countries? Institute for the Study of Labor Discussion, Paper No. 4673.
58. Luo, Y., & Tung, R. (2007). International expansion of emerging market enterprises: A springboard perspective. Journal of International Business Studies, 38, 481-498.
59. Maurice, M., Sellier, F., & Silvestre, J. J. (1986). The social foundations of industrial power. Cambridge, MA: MIT Press.
60. Mawdsley, E., & McCann, G. (2010). India in Africa: Changing geographies of power. Oxford, UK: Pambazuka Press.
61. Mazumdar, D., & Mazaheri, A. (2000). Wages and employment in Africa. Regional Program on Enterprise Development (RPED). Discussion Paper 109, University of Toronto.
62. McCann, G. (2010). Ties that bind or binds that tie? India's African engagements and political economy of Kenya. Review of African Political Economy, 37(126), 465-482.
63. McCormick, D. (2008). China & India as Africa's new donors: The impact of aid on development. Review of African Political Economy, 35(115), 73-92.
64. Ncube, M., Lufumpa, C. L., & Vencatachellum, D. (2011). Brazil's economic engagement with Africa. Africa Economic Brief, 2(5), 1-11.
65. North, D. (1990). Institutions, institutional change and economic performance. Cambridge, UK: Cambridge University Press.
66. Ogier, T. (2009). Out of Brazil, into Africa. Latin Trade, 8(1). Retrieved from http://latintrade.com/2009/08/out-of-brazil-and-into-africa
67. Onyeiwu, S., & Shrestha, H. (2004). Determinants of foreign direct investment in Africa. Journal of Developing Societies, 20, 89-106.
68. Organisation for Economic Co-operation and Development (OECD). (2001). Knowledge and skills for life: First results from PISA 2000. Paris, France: OECD Publishing.
69. Parcon, H. (2008). Labor market flexibility as a determinant of FDI inflows. Working paper no 200807, University of Hawaii. Retrieved from http://econpapers.repec.org/paper/haiwpaper/200807.htm
70. Parrinello, S. (2008). The notion of national competitiveness in a global economy. In J. Vint, S. Metcalfe, H. Kurz, P. Samuelson, & N. Salvadori (Eds.), Economic theory and economic thought: Essays in honour of Ian Steedman (pp. 49-68). London, UK: Routledge.
71. Pfeffer, J., & Salancik, G. R. (1978). The external control of organizations: A resource dependent perspective. New York, NY: Harper & Row.
72. Power, R. (2008). What does the rise of China do for industrialisation in sub-Saharan Africa? Review of African Political Economy, 36(115), 7-22.
73. President Sata embraces Chinese investors. (2011, October 29). Tumfweko. Retrieved from http://tumfweko.com/2011/10/29/president-sata-embraces-chinese-investors/
74. Ross, M. (1999). The political economy of the resource curse. World Politics, 51, 297-322.
75. Rumble in the jungle-Why the Beijing regime needs to act to avert a backlash against Chinese investors in poor countries. (2011, April 20). The Economist.
76. Sautmann, B., & Hairong, J. (2008). Fu Manchu in Africa? Distorted portrayal of China in Africa. South African Labour Bulletin, 31(5), 34-36.
77. Sethi, D., Guisinger, S. E., Phelan, S. E., & Berg, D. M. (2003). Trends in foreign direct investment flows: A theoretical and empirical analysis. Journal of International Business Studies, 34, 315-326.
78. Singh, S. K. (2007, April). India and West Africa: A burgeoning relationship. Chatham House Africa Programme/Asia Programme Briefing paper, AFP/ASP BP 07/01. London, UK: Royal Institute of International Affairs.
79. Smith, P. (2010, December 28). The irresistible rise and rise of Africa-China trade. Africa Confidential. Retrieved from http://www.africa-confidential.com/blog-entry/The+irresistible+rise+and+rise+of+Africa-China+trade
80. Taylor, I. (2006). China oil diplomacy in Africa. International Affairs, 82, 937-960.
81. Trompenaars, F. (1985). The organization of meaning and the meaning of organization: A comparative study on the concepts of organizational structure in different culture (Unpublished doctoral dissertation). University of Pennsylvania, Philadelphia, PA.
82. United Nations Conference on Trade and Development (UNCTAD). (2010). World investment report 2010: Investing in a low-carbon economy. Geneva, Switzerland: Author.
83. United Nations Development Programme (UNDP). (2005). International cooperation at a crossroads: Aid, trade and security in an unequal world. New York, NY: United Nations Development Organization.
84. Whitley, R. (2010). Changing competition models in market economies. In G. Morgan, J. Campbell, C. Crouch, O. Pederson, & R. Whitley (Eds.), The Oxford handbook of comparative institutional analysis (pp. 363-388). Oxford, UK: Oxford University Press.
85. Wood, G., & Brewster, C. (2007). Introduction: Comprehending industrial relations in Africa. In G. Wood & C. Brewster (Eds.), Industrial relations in Africa (pp. 1-14). London, UK: Palgrave.
86. Wood, G., Psychogios, A., & Szamosi, L. (2008). International HRM. In T. Redman & A. Wilkinson (Eds.), Contemporary human resource management (3rd ed., pp. 278-298). London, UK: Pearson.
87. Zhu, C. J., Thomson, B., & De Cieri, H. (2008). A retrospective and prospective analysis of HRM research in Chinese firms: Implications and directions for future study. Human Resource Management, 47, 133-156.