EVALUATING FACTORS OF GOVERNMENT INVESTMENT IN NEW INDUSTRIAL PARKS
There are factors to consider in investment decisions that include the potential Return on Investment (ROI) and value creation. Government authorities have a responsibility to create an investment friendly climate and attract new business into their countries. In South Africa government has taken a step to build industrial parks to attract new investment. In order to achieve sustainable industrial development the government and other actors need to increase their investment in building of accessible and equipped industrial parks. On this paper, we use a multiple objective criterion to evaluate the factors of government’s investment in new industrial parks. The problem investigated on this paper is that conflicting political preferences which dominate economic advances regarding industrialisation. This paper identifies key factors essential for consideration in government decisions when investing in industrial park developments. The implications of industrial development for the developing world includes improvement of livelihoods for citizens and the youth that is actively seeking job opportunities. However, it is not a straightforward path and it is for this reason on the paper we use MOCDM to understand the issues that require attention in order to achieve economic development that is sustainable.
|Keywords: MOCDM, Investment, Industrialisation, Government and Development|
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