Impact of foreign direct investment and trade on economic growth in East African Community (EAC)

Abstract

The foreign direct investment and trade promotes economic growth and we suggest that the EAC’s policy makers should embrace policies that aim to attract more foreign direct investment while strengthen to support and encourage the competitiveness of export by making sure that it maintains a sustainable balance with imports. Plans such as opening up of the economy by engaging in more bilateral and multilateral trade agreements, refining the quality of infrastructure by way of focusing more resources to its growth especially in regions that’s have more potential.