Abstract: The least developed countries (LDCs) face many difficulties in realizing their full potential for economic growth and development. One crucial difficulty lies in a lack of investment, including foreign direct investment (FDI). Just as it has come to be widely recognized that FDI can contribute significantly to development-through the injection of capital, technology, management know-how and market access-the LDCs have found themselves falling further behind. At a time when 37 per cent of global inward FDI ($464 billion in 1997) goes to developing countries, the share of the LDCs stands at less than one half of 1 per cent. This guide to Ethiopia is intended for investors and, like the process that produced it, has some unusual features. The present booklet is intended to offer an overview of Ethiopia as an investment location and broadly describe the current investment climate, including the regulatory environment, where possible in a comparative framework. In an annex, it also offers pointers to where further and more detailed information may be found. The guide comes with a companion volume which is a more informal publication that describes specific current opportunities for investment, and which is the responsibility of the Ethiopian Investment Authority. [English only]
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International Institute for Trade and Developement : UNCTAD Collection
