Lesotho’s Garment Exports : Attracting Foreign Direct Investment

Lesotho has built a small but significant manufacturing sector, representing about 18 percent of gross domestic product (GDP). During the past decade, the sector has increased 14-fold, an exceptional achievement by African standards. This growth wa...

Full description

Bibliographic Details
Main Author:	Riley, Thyra
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AGRICULTURE BONDED WAREHOUSE CENTRAL BANK COMPARATIVE ADVANTAGE CUSTOMS UNION DOLLAR VALUE EMPLOYMENT EPZ EQUIPMENT EXCHANGE RATE EXCHANGE RATES EXPORT MARKETS EXPORTER EXPORTERS EXPORTS EXTERNAL TRADE FIXED INVESTMENTS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS GDP GDP PER CAPITA GENERAL SYSTEM OF PREFERENCES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HOLDING INCOME INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INTERNATIONAL FINANCIAL STATISTICS INVESTMENT ENVIRONMENT INVESTMENT PROCESS INVESTMENT PROMOTION ISSUANCE LABOR COSTS LABOR FORCE LABOR RELATIONS MINIMUM WAGE MINIMUM WAGES MONETARY FUND MULTIPLIER EFFECT NATURAL RESOURCE NOMINAL WAGES OUTPUT POTENTIAL INVESTMENT PREFERENTIAL ACCESS PRODUCTIVITY REMITTANCES RETURN RETURNS TAX TAX CODE TAX RATE TAXATION TRADE POLICY UNEMPLOYMENT VALUE OF OUTPUT WAGE INCREASES WAGE POLICY WAGE RATES WAGES WORKER PRODUCTIVITY
Online Access:	http://documents.worldbank.org/curated/en/1998/01/12866434/lesothos-garment-exports-attracting-foreign-direct-investment http://hdl.handle.net/10986/9908

id	okr-10986-9908
recordtype	oai_dc
spelling	okr-10986-99082021-04-23T14:02:47Z Lesotho’s Garment Exports : Attracting Foreign Direct Investment Riley, Thyra AGRICULTURE BONDED WAREHOUSE CENTRAL BANK COMPARATIVE ADVANTAGE CUSTOMS UNION DOLLAR VALUE EMPLOYMENT EPZ EQUIPMENT EXCHANGE RATE EXCHANGE RATES EXPORT MARKETS EXPORTER EXPORTERS EXPORTS EXTERNAL TRADE FIXED INVESTMENTS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS GDP GDP PER CAPITA GENERAL SYSTEM OF PREFERENCES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HOLDING INCOME INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INTERNATIONAL FINANCIAL STATISTICS INVESTMENT ENVIRONMENT INVESTMENT PROCESS INVESTMENT PROMOTION ISSUANCE LABOR COSTS LABOR FORCE LABOR RELATIONS MINIMUM WAGE MINIMUM WAGES MONETARY FUND MULTIPLIER EFFECT NATURAL RESOURCE NOMINAL WAGES OUTPUT POTENTIAL INVESTMENT PREFERENTIAL ACCESS PRODUCTIVITY REMITTANCES RETURN RETURNS TAX TAX CODE TAX RATE TAXATION TRADE POLICY UNEMPLOYMENT VALUE OF OUTPUT WAGE INCREASES WAGE POLICY WAGE RATES WAGES WORKER PRODUCTIVITY Lesotho has built a small but significant manufacturing sector, representing about 18 percent of gross domestic product (GDP). During the past decade, the sector has increased 14-fold, an exceptional achievement by African standards. This growth was due largely to an export boom of ready-made garments and footwear fueled by foreign investors coming principally from the Republic of South Africa and Asia. Lesotho's success in attracting export oriented foreign direct investment was due primarily to Lesotho's comparative advantage with respect to productive labor and favorable trade arrangements. These advantages were supported and enhanced by a World Bank project which reduced the costs and risks of investment through a policy reform package, the financing of industrial infrastructure, and the establishment of an investment promotion institution and strategy to market the country as an attractive investment site. 2012-08-13T09:51:12Z 2012-08-13T09:51:12Z 1998-01 http://documents.worldbank.org/curated/en/1998/01/12866434/lesothos-garment-exports-attracting-foreign-direct-investment http://hdl.handle.net/10986/9908 English Africa Region Findings & Good Practice Infobriefs; No. 103 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AGRICULTURE BONDED WAREHOUSE CENTRAL BANK COMPARATIVE ADVANTAGE CUSTOMS UNION DOLLAR VALUE EMPLOYMENT EPZ EQUIPMENT EXCHANGE RATE EXCHANGE RATES EXPORT MARKETS EXPORTER EXPORTERS EXPORTS EXTERNAL TRADE FIXED INVESTMENTS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS GDP GDP PER CAPITA GENERAL SYSTEM OF PREFERENCES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HOLDING INCOME INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INTERNATIONAL FINANCIAL STATISTICS INVESTMENT ENVIRONMENT INVESTMENT PROCESS INVESTMENT PROMOTION ISSUANCE LABOR COSTS LABOR FORCE LABOR RELATIONS MINIMUM WAGE MINIMUM WAGES MONETARY FUND MULTIPLIER EFFECT NATURAL RESOURCE NOMINAL WAGES OUTPUT POTENTIAL INVESTMENT PREFERENTIAL ACCESS PRODUCTIVITY REMITTANCES RETURN RETURNS TAX TAX CODE TAX RATE TAXATION TRADE POLICY UNEMPLOYMENT VALUE OF OUTPUT WAGE INCREASES WAGE POLICY WAGE RATES WAGES WORKER PRODUCTIVITY
spellingShingle	AGRICULTURE BONDED WAREHOUSE CENTRAL BANK COMPARATIVE ADVANTAGE CUSTOMS UNION DOLLAR VALUE EMPLOYMENT EPZ EQUIPMENT EXCHANGE RATE EXCHANGE RATES EXPORT MARKETS EXPORTER EXPORTERS EXPORTS EXTERNAL TRADE FIXED INVESTMENTS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS GDP GDP PER CAPITA GENERAL SYSTEM OF PREFERENCES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HOLDING INCOME INSTITUTIONAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INTERNATIONAL FINANCIAL STATISTICS INVESTMENT ENVIRONMENT INVESTMENT PROCESS INVESTMENT PROMOTION ISSUANCE LABOR COSTS LABOR FORCE LABOR RELATIONS MINIMUM WAGE MINIMUM WAGES MONETARY FUND MULTIPLIER EFFECT NATURAL RESOURCE NOMINAL WAGES OUTPUT POTENTIAL INVESTMENT PREFERENTIAL ACCESS PRODUCTIVITY REMITTANCES RETURN RETURNS TAX TAX CODE TAX RATE TAXATION TRADE POLICY UNEMPLOYMENT VALUE OF OUTPUT WAGE INCREASES WAGE POLICY WAGE RATES WAGES WORKER PRODUCTIVITY Riley, Thyra Lesotho’s Garment Exports : Attracting Foreign Direct Investment
geographic_facet	Africa
relation	Africa Region Findings & Good Practice Infobriefs; No. 103
description	Lesotho has built a small but significant manufacturing sector, representing about 18 percent of gross domestic product (GDP). During the past decade, the sector has increased 14-fold, an exceptional achievement by African standards. This growth was due largely to an export boom of ready-made garments and footwear fueled by foreign investors coming principally from the Republic of South Africa and Asia. Lesotho's success in attracting export oriented foreign direct investment was due primarily to Lesotho's comparative advantage with respect to productive labor and favorable trade arrangements. These advantages were supported and enhanced by a World Bank project which reduced the costs and risks of investment through a policy reform package, the financing of industrial infrastructure, and the establishment of an investment promotion institution and strategy to market the country as an attractive investment site.
format	Publications & Research :: Brief
author	Riley, Thyra
author_facet	Riley, Thyra
author_sort	Riley, Thyra
title	Lesotho’s Garment Exports : Attracting Foreign Direct Investment
title_short	Lesotho’s Garment Exports : Attracting Foreign Direct Investment
title_full	Lesotho’s Garment Exports : Attracting Foreign Direct Investment
title_fullStr	Lesotho’s Garment Exports : Attracting Foreign Direct Investment
title_full_unstemmed	Lesotho’s Garment Exports : Attracting Foreign Direct Investment
title_sort	lesotho’s garment exports : attracting foreign direct investment
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1998/01/12866434/lesothos-garment-exports-attracting-foreign-direct-investment http://hdl.handle.net/10986/9908
_version_	1764411104753090560

Lesotho’s Garment Exports : Attracting Foreign Direct Investment

Similar Items