FDI and Environmental Sustainability in the Neo-Economic Order: An Innovative Approach for Africa

This paper is an attempt to provide a new approach to attracting FDI to developing countries especially Africa, due to the new economic order which is on clean energy and environmental sustainability, the paper dwells so much on the need for a paradigm shift from the former ways of FDI attraction and the need to embrace clean and efficient technology with innovation. The paper therefore advocated for a comprehensive approach to the conduct of international trade which involves firms, government and the society at large, because the new economic order depends so much on a collaborative effort to solve the myriad of problems caused by globalization and our lifestyle. In order to achieve this comprehensive approach, the paper depended on a WARM model as developed by Carraro (1997) which is all embracing for the environment, firms, competiveness and the society.