Impact of FDI on Socio-Economic Rights of Indigenous Peoples in Africa
The Barabaig and Basarwa
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Foreign Direct Investment (FDI) play an important role in economies of various countries and influence their policies and laws in different ways. This is so because Multinational Corporations have great financial power to shape the economy of the host state. More often than not the host state would have little bargaining power to make a Multinational Corporation conform to international standards vis-à-vis protection of human rights. Hence, FDI has largely affected the human rights of people and in particular of the indigenous peoples in most African states.Since most of the lands occupied by...
Foreign Direct Investment (FDI) play an important role in economies of various countries and influence their policies and laws in different ways. This is so because Multinational Corporations have great financial power to shape the economy of the host state. More often than not the host state would have little bargaining power to make a Multinational Corporation conform to international standards vis-à-vis protection of human rights. Hence, FDI has largely affected the human rights of people and in particular of the indigenous peoples in most African states.Since most of the lands occupied by the indigenous peoples are fertile, rich in resources and underdeveloped , they have been susceptible to evictions in economic development projects generated by FDI which has invariably infringed their rights and being protected by the governments in the disguise of fostering economic development.
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