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The study was conducted to examine the role played by Multinational Corporations
and corporate governance in facilitating industrial development in Tanzania. The
study was prompted as a result of recognizing the role played by industrialization in
any given economy. Literature reviewed revealed that, indeed, no country, whatever
its amount of natural resources can ever develop without prioritizing
industrialization.
The study was guided by mainly four specific objectives that sought to explore the
legal and regulatory framework in place, the role of corporate governance, hindering
obstacles and the measures aimed at enhancing industrial development in Tanzania.
The study employed both primary and secondary data, but largely a rigorous
documentary review played a vital role, as a lot of information was gleaned from a
number of documents reviewed that trace Tanzania’s search for industrialization
from the post independence era to present.
The results showed that indeed, some of the MNCs, such as Coca Cola Kwanza, have
played an important role in contributing to elements of industrialization in terms of
spillovers and linkages, training skilled manpower, technology transfer, deepening
corporate governance, and so on.
However, for Tanzania to fully benefit from the MNCs, it needs to work on a number
of challenges identified which hinder industrialization efforts. They include poor
infrastructure, lack of skilled manpower, poor technological absorption, policy
inconsistencies and, a lot of bureaucracies in governmental departments.
Key Words: Multinational Corporations, Industrialization, Corporate
Governance |
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