Motives and Challenges Faced by Multinational Companies Entering the Haitian Market

Abstract

Nowadays, many countries are setting up strategies allowing them to attract more Foreign Direct Investment. Besides, it becomes an obligation for any country to have a competitive economy for its development and its growth. Haiti as one of this category of country is very late in making necessary to attract foreign investments. Such situation contributes greatly to the poverty of the Haitian’s population. The main objective of this study is to explore the motives and challenges faced by multinational companies entering the Haitian manufacturing industry. To achieve the study objective, a rigorous methodology oriented towards the qualitative approach was employed. Structured interviewees were used in the data collection process. The study population was made up of employees of two companies located in the Northeast of Haiti. The data collected makes it possible to identify the main challenges such as: corruption, lack of skilled labor, complexity in negotiations with the authorities, complexity of the legal process, infrastructure problems, etc. New strategies should be implemented to create a stable and competitive business environment. However, other studies in the same field are encouraged with the aim of better studying the problem of Haiti’s attractiveness to make the proposals much more suitable.