During the past twenty or so years, foreign direct investment (FDI)
flows have increased at rates approaching the astounding,
especially so during the 1990s. While much of the increase was due
to unprecedented cross-border mergers and acquisitions among
high-income countries, the amount of FDI flowing to developing
nations also grew substantially. This volume examines the economics
of this FDI to developing countries. Some chapters are theoretical
in nature, others empirical, and still others are largely
policy-oriented. Topics covered include whether FDI makes an
autonomous contribution to growth in these nations and whether or
not 'spillovers' are generated by this investments. Also covered
are effects of policy intervention by governments on FDI flows and
whether non-economic factors (e.g. cultural factors) might figure
as determinants of location of FDI.
General
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