Doug O.А.J. Foreign direct investment and unemployment in the economic growth of Cфte d’Ivoire under the capitalist regime

Abstract

The purpose of this article is to develop innovative strategies for economic development in Cote d’Ivoire. The relevance of the research problem is due to the fact that Cфte d’Ivoire demonstrates a certain fragility of its economic system. Based on an analysis of books, scientific articles and statistical data, obstacles are identified that prevent the full application of capitalism. Creating a strategy can help Cote d’Ivoire and some African countries overcome these obstacles and contribute to stability and economic growth. The result of this research is the concept of developing an economic development strategy, which includes the following stages: analysis of the results of economic growth, identification of key strategies, evolution of economic potential, planning the implementation of the chosen development strategy, introduction of innovations into the economy. Тhe application of this concept contributes to economic development under the capitalist regime, more intensive implementation of development and increased efficiency of the state in development activities. Purpose of the study: the purpose of this article is to develop a concept for developing a development strategy for Cote d’Ivoire, taking into account the current situation of economic growth. Methods: to achieve this goal, an analysis of scientific sources and statistical data was carried out, which allows us to identify existing obstacles and restrictions that hinder the realization of the economic development potential of Cote d’Ivoire. Results: the results of this study are the identification of the main obstacles to the economic development of Cote d’Ivoire, as well as the development of a development strategy concept. Obstacles include limited resources, corruption, insufficient employment, lack of job creation, lack of management experience, economy based primarily on agriculture, low-risk investments, low competition in the industrial sector. Research results. The application of the proposed concept will contribute to the active implementation of development and advanced training of production personnel as a sector of the economy. In addition, the successful implementation of a development strategy in Cote d’Ivoire could help improve the economic climate and reduce dependence on imported products, which could ultimately improve the resilience of the Ivorian economy in a volatile economic environment.