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Foreign Direct Investment and Development - Launching a Second Generation of Policy Research (Paperback)
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Foreign Direct Investment and Development - Launching a Second Generation of Policy Research (Paperback)
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Total price: R877
Discovery Miles: 8 770
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This volume is the culmination of Institute investigations on the
relationship between foreign direct investment (FDI) and
development. Today, more than one-third of world trade takes place
in the form of intrafirm transactions-that is, trade among the
various parts of the same corporate network spread across
borders-and the bulk of technology is transferred within the
confines of integrated international production systems. This means
that FDI and the operations of multinational corporations have
become central to the world economy at large. Nowhere is this more
important than for developing countries. But as Theodore Moran
argues in this new volume, FDI is not a single phenomenon. FDI has
such different impacts in the extractive sector, infrastructure,
manufacturing and assembly, and services-and presents such
distinctive policy challenges-that each broad category of FDI must
be treated on its own terms. Indeed, past studies that have
aggregated all FDI flows together to try to find some unique
relationship to host-country growth or welfare have led to
unreliable substantive findings and, sometimes, mistaken policy
conclusions. Moran examines each of the principal forms of FDI,
extracts the best from previous analysis, and offers new findings
and perspectives about how benefits from FDI in each sector can be
enhanced and potential damages limited or eliminated.
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