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Vassar College

Publication Date

Spring 2022

Program Name

Uganda: Global Development Studies

Abstract

This paper aims to examine the characteristics of foreign direct investment in Uganda and its impacts on development. The paper will look at the current neoliberal paradigm in the international political economy and its role in the developing world.

A practicum-based internship with the Southern and Eastern Africa Trade Information and Negotiations Institute Uganda (SEATINI) guided independent research and provided information through interviews with various organizations and government ministries.

This paper found that neoliberal policies limit development opportunities of FDI. Examples of successful economic growth in various countries provide significant evidence of the importance of government intervention and strategic development plans. Uganda’s current investment framework, however, often favors foreign investors and lacks policies that help to translate FDI to the country’s development goals.

The role of international organizations such as the IMF and World Bank also plays a significant role in the current investment regime. Uganda, as well as other developing countries, has a limited policy space due to the narrative that the developed world has imposed.

Furthermore, FDI has great potential for Uganda’s development, but there is a need for both domestic and international policy reform to promote equitable economic growth and sustainable development.

Disciplines

African Studies | Development Studies | Economic Policy | Finance and Financial Management | Growth and Development | International Business | International Economics | International Relations

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