IOSR Journal Of Humanities And Social Science (IOSR-JHSS) Volume 21, Issue 9, Ver. 5 (Sep. 2016) PP 01-39 e-ISSN: 2279-0837, p-ISSN: 2279-0845. www.iosrjournals.org An analysis on the Impact of Foreign Direct Investment (FDI) on Economic Growth of Underdeveloped African Countries: A case study on Mali Kone Dounambaphd Student (Central China Normal University)
[email protected] ABSTRACT:- The aim of the research was to investigate the impacts of foreign direct investment (FDI) on economic growth of Mali and to find out ways to achieve desired inflow of FDI in Mali. The research has been conducted based on a methodology developed in the light of positivism research philosophy, deductive research approach, hybrid research method and survey questionnaire strategy. The data of the research has been collected from a group of 50 sample population including 5 economists, 10 university teachers, 5 officials from finance and commerce ministry and 5 officials from foreign affairs ministry of Mali, 15 local investors, 5 foreign investors and 5 officials of World Bank and IMF working in Mali. The sample population has been selected based on probability sampling method. The major findings of the research are: current FDI inflow to Mali is insufficient to achieve desired economic growth. There is a strong relationship between FDI inflow and economic growth in Mali. Increased inflow of FDI can efficiently enhance economic growth of Mali whereas insufficient inflow of FDI can create strong block against the economic growth of Mali. The research result that increased inflow of FDI can enhance the technology transfer to Mali that will contribute to maximize economic productivity and GDP growth as well economic growth of the country.