FDI, AGOA and Manufactured Exports by a Landlocked, Least Developed African Economy: Lesotho
研究了莱索托如何成为非洲最大对美服装出口国，分析外国直接投资来源和出口竞争力决定因素，指出其生产率低、技能不足和本地联系薄弱的问题，并探讨《非洲增长与机会法案》到期后的前景。
Lesotho, a resource-poor country located inside South Africa, is now Africa's largest exporter of apparel to the US. Its performance, very unusual for Africa, relies heavily on Asian investors and trade privileges. This article traces the origins of FDI in Lesotho and the determinants of its export competitiveness, showing that apparel production suffers from low productivity, poor skills and weak local links. Its prospects after AGOA (the African Growth and Opportunities Act) remain uncertain unless the government addresses these structural problems. Lesotho holds important lessons for industrial development in Africa, going beyond creating a good investment environment.