Annex table 5.13 Annual sales growth (past and future) by investor origin and market orientation Expected future annual Last year’s sales growth sales growth (next 3 years) Total sales value in USD Market <strong>Investor</strong> orientation origin Mean Median Mean Median Mean Median Sum Valid N Local North 16.7% 13.0% 21.5% 13.1% 14,370,626 3,758,194 4,900,383,360 341 South 15.0% 10.0% 25.5% 14.1% 12,895,812 1,435,260 3,649,514,747 283 Regional North 11.0% 10.0% 15.9% 9.7% 29,036,616 9,494,940 2,497,148,944 86 South 23.0% 14.0% 28.6% 17.3% 6,236,300 3,150,425 280,633,497 45 Global North 14.4% 10.0% 18.0% 11.0% 33,164,349 7,810,569 2,454,161,801 74 South 43.5% 20.0% 31.0% 20.4% 7,338,431 2,359,878 396,275,257 54 Annex table 5.14 Annual sales growth (past and future) by organizational structure and start-up period Expected future annual Last year’s sales growth sales growth (next 3 years) Total sales value in USD Start-up Organizational period structure Mean Median Mean Median Mean Median Sum Valid N 1980 L-TNC 12.9% 10.0% 15.2% 7.5% 42,390,499 19,240,000 5,044,469,427 119 and before S-TNC 7.2% 10.0% 12.1% 7.1% 27,230,545 7,034,356 1,307,066,158 48 FE 12.5% 9.0% 17.6% 14.3% 13,572,999 2,292,900 1,180,850,911 87 1981-1990 L-TNC 4.0% 4.0% 17.0% 7.1% 16,517,574 5,552,664 379,904,208 23 S-TNC 5.6% 5.0% 12.5% 8.4% 9,627,155 5,098,600 192,543,096 20 FE 11.8% 9.5% 19.7% 11.0% 6,934,628 2,613,343 374,469,888 54 1991-2000 L-TNC 19.0% 10.0% 22.5% 12.1% 19,390,274 8,080,800 1,686,953,831 87 S-TNC 27.0% 12.0% 22.1% 14.8% 7,984,715 2,765,574 798,471,479 100 FE 14.1% 15.0% 20.3% 15.1% 4,106,264 1,000,000 841,784,061 205 2001 and after L-TNC 25.9% 15.0% 101.9% 24.1% 87,239,240 4,446,500 1,570,306,328 18 S-TNC 38.3% 15.0% 34.0% 24.3% 7,282,573 1,634,968 364,128,633 50 FE 23.8% 17.0% 33.1% 17.3% 5,452,258 350,000 496,155,510 91 Annex table 5.15 Annual sales growth (past and future) by investor origin and organizational structure Expected future annual Last year’s sales growth sales growth (next 3 years) Total sales value in USD Organizational <strong>Investor</strong> structure origin Mean Median Mean Median Mean Median Sum Valid N L-TNC North 14.0% 10.0% 15.9% 8.4% 33,499,362 13,954,357 6,096,883,904 182 South 18.2% 9.5% 46.1% 15.5% 38,493,061 7,633,429 2,617,528,114 68 S-TNC North 14.8% 12.0% 20.1% 10.9% 19,909,161 7,785,339 2,030,734,396 102 South 30.8% 15.0% 23.2% 15.2% 5,398,952 1,891,875 626,278,432 116 FE North 16.8% 14.0% 23.4% 15.1% 7,984,773 1,494,139 1,732,695,805 217 South 13.7% 12.0% 21.7% 14.3% 5,307,355 806,400 1,098,622,586 207 174 <strong>Africa</strong> <strong>Foreign</strong> <strong>Investor</strong> <strong>Survey</strong> <strong>2005</strong>
Annex table 5.16 Sales per employee for main investor categories N MEAN MEDIAN Sig. (in USD) (in USD) Organizational structure L-TNC 279 139276 66053 F(2,1044)=23.268 S-TNC 249 67007 30495 p
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Burkina Faso Cameroon Côte d’Ivo
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The designations employed and the p
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Preface Investment is the key to un
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Foreword This is a pioneering and m
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Abbreviations ACP AfrIPANet AGOA AN
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Africa IPA Network (AfrIPANet) serv
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historical roots and regional marke
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cially in the services sector) pay
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small, labor intensive manufacturin
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mostly subsidiaries of small TNCs,
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1. Introduction Little empirical st
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The simplest linkages involve being
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One of the objectives of this surve
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2. Survey methodology Outline of th
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The initial design of the questionn
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transformation explains the differe
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adds up to higher than the total FD
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Figure 3.5 Share of the 15 survey c
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Figure 3.8 FDI stock - book value o
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Table 3.2 Top-5 foreign investor su
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majority of firms global exporters
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Continuing links with the North Fig
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Figure 3.24 Sales, book value, and
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The 25 largest companies in the sur
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Figure 4.1 Sales according to organ
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Figure 4.5 Sales by main sector and
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In terms of job creation, it is cle
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Figure 4.17 Sales by organizational
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clear trend of increasing South com
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of Tanzania. In Western Africa, Cô
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ook value of South controlled, loca
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Figure 4.37 Sales by investor origi
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Figure 4.43 Sales in each start-up
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Figure 4.50 Share structure distrib
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Figure 4.52 Sales by share structur
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Entry period (start of operations)
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Figure 4.65 Sales by market orienta
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Figure 5.2 Investors’ self-evalua
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Figure 5.7 Last year’s sales grow
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Figure 5.10 Annual sales growth (pa
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sales, old L-TNC, is among the lowe
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Figure 5.18 Classification tree of
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mean and median of the output per e
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Figure 5.23 Sales per USD book valu
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6. Impact on the local economy This
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ices firms pay wages that are more
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may be affected by the small size i
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eveals a group of 77 subsidiaries o
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Table 6.2 gives the distribution by
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for accuracy. The whole sample expe
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Figure 6.16 Expected re-investment
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Local content impacts The analysis
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other hand, the thesis, according t
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Figure 6.25 Distribution of main in
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Technology and know-how transfer In
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Figure 6.29 Expenditure on training
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Table 6.17 Number of university gra
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control is of paramount importance
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Table 6.18 Foreign investor’s bra
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Summary Wage and employment growth
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Table 7.1 Exports for main investor
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Figure 7.2 Past and future export g
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Table 7.7 Top regional export desti
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Export markets The long-established
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global exporters’ contribution to
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Table 8.2 Location factors consider
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Figure 8.2 Assessments of changes i
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Figure 8.7 Comparison of importance
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Figure 8.11 Classification tree of
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Figure 8.15 Pre-investment services
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