Does Foreign Direct Investment Promote Development?Theodore H. Moran, Magnus Blomstrom, Edward Montgomery Graham, Magnus Blomström What is the impact of foreign direct investment (FDI) on development? The answer is important for the lives of millions--if not billions--of workers, families, and communities in the developing world. The answer is crucial for policymakers in developing and developed countries, and in multilateral agencies. This volume gathers together the cutting edge of new research on FDI and host country economic performance and presents the most sophisticated critiques of current and past inquiries. It probes the limits of what can be determined from available evidence and from innovative investigative techniques. In addition, the book presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposes new avenues for future research. |
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Another possibility is that the labor markets in some developing countries are too segmented for wages in one group to influence the other . If we compare Mexico and Venezuela , two countries reported to show negative wage spillovers ...
This argument implies that , in estimating equation IA.1 , the supply price of labor is not a valid instrument for the labor input , since it will be correlated with the error term IA.3 . The same type of argument shows that the supply ...
The unskilled labor-intensive production processes are then located in low-wage (hence, developing) countries. These foreign-owned production facilities often import intermediate inputs from their parents and reexport most — in some ...
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Contents
RD Activities of Foreign and National | 107 |
Foreign Direct Investment and Local Economic | 137 |
Comment | 175 |
Copyright | |
11 other sections not shown
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Does Foreign Direct Investment Promote Development? Theodore Moran,Edward M Graham,Magnus Blomström Limited preview - 2005 |