Development and governance of foreign investment: notes on mozambique

Abstract

The article focuses on the governance processes that are established between countries with large reserves of natural resources and transnational corporations’ investors in extraction and processing of these resources, under the argument of promoting the development of those countries. For this purpose the phenomenon of investment is defined as a particular moment of the constitution of the relationship between Governments, institutional actors and transnational corporations in which the results reflect patterns of consolidated action patterns over time. Addresses the issues intertwined with the theme of development and sustainability, as well as the emergence of development cooperation in the context of South-South relations. Theoretically, it stands in the debate around the notion ofgovernance whose preponderance currently suggests a fundamental shift in management policy. This is no longer grounded in legitimacy based on the relationship between Governments and national electorates, but rather an ever-greater influence of actors like international organizations, transnational corporations and non-governmental organizations in the determination of policy decisions. Mozambique is taken as an empirical referent in order to evidence how intertwines and conflict conceptions and views on developmental processes in the context of global dominance over the local place.