Does Foreign Direct Investment Promote Development?Theodore Moran, Edward M 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. |
From inside the book
Results 1-5 of 95
Page 2
... source of conventional wisdom can be found in the “Washington consensus,” which is still reiterated by multinational investors and business advocacy groups, that asserts FDI is unequivocally “good” for development (as long as the ...
... source of conventional wisdom can be found in the “Washington consensus,” which is still reiterated by multinational investors and business advocacy groups, that asserts FDI is unequivocally “good” for development (as long as the ...
Page 6
... 119 multinationals surveyed reported providing some type of direct support to the Czech companies they source from. Advance payment and financing were the most frequent form of assistance; employee training 6 DOES FDI PROMOTE DEVELOPMENT?
... 119 multinationals surveyed reported providing some type of direct support to the Czech companies they source from. Advance payment and financing were the most frequent form of assistance; employee training 6 DOES FDI PROMOTE DEVELOPMENT?
Page 7
... source. Moving from descriptive material to econometric analysis, using Indonesian data on manufacturing establishments that have been extensively and conscientiously collected by region since 1988, Blalock and Gertler show that FDI's ...
... source. Moving from descriptive material to econometric analysis, using Indonesian data on manufacturing establishments that have been extensively and conscientiously collected by region since 1988, Blalock and Gertler show that FDI's ...
Page 9
... sources the intermediate good. Their model captures the complexity of the outcome when multinationals may have a negative impact on their local competitors but a positive impact on local suppliers. Lin and Saggi's model demonstrates ...
... sources the intermediate good. Their model captures the complexity of the outcome when multinationals may have a negative impact on their local competitors but a positive impact on local suppliers. Lin and Saggi's model demonstrates ...
Page 13
... sources—is likely driven more by vertical production relationships than the horizontal FDIrelationships that are more prominent among developed countries. Vertical FDI in turn strongly depends upon low trade barriers. Expanded channels ...
... sources—is likely driven more by vertical production relationships than the horizontal FDIrelationships that are more prominent among developed countries. Vertical FDI in turn strongly depends upon low trade barriers. Expanded channels ...
Contents
1 | |
23 | |
What Do Firm Perceptions Tell Us? | 45 |
The Case for Public Intervention | 73 |
Chapter 5 RD Activities of Foreign and National Establishments in Turkish Manufacturing
| 107 |
Beyond Productivity Spillovers | 137 |
A Critical Survey and a Simple Model | 159 |
Gordon H Hanson | 175 |
Findings and Implications for Models and Policies Toward Trade and Investment | 245 |
Marc J Melitz | 273 |
Chapter 11 How Does FDI Affect Host Country Development? Using Industry Case Studies to Make Reliable Generalizations | 281 |
Review and Evaluation | 315 |
Chapter 13 Is Africas Skepticism of Foreign Capital Justified? Evidence from East African Firm Survey Data | 337 |
Robert Z Lawrence | 367 |
Chapter 14 Conclusions and Implications for FDI Policy in Developing Countries New Methods of Research and a Future Research Agenda | 375 |
About the Contributors | 397 |
Michael P Keane | 179 |
Chapter 8 Does Foreign Direct Investment Accelerate Economic Growth? | 195 |
Chapter 9 Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies | 221 |
Index | 405 |
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Common terms and phrases
affiliates with high Africa autarky average backward linkages benefits Blomström Blonigen capital China coefficient competition correlation country’s Czech Republic developing countries developing-country domestic firms downstream FDI econometric effects of FDI empirical employment enterprises entry estimates evidence export FDI inflows foreign affiliates Foreign Direct Investment foreign establishments foreign firms foreign investors Foreign ownership group Forfás global Görg higher host country host economy impact important increase indigenous Indonesian industry inputs intermediate International Economics intrafirm trade Javorcik joint ventures Journal Kenya Kokko labor LDCs Lipsey literature manufacturing measure MNCs Moran multinational corporation multinationals OECD OLS Panel OLS output panel data Panel OLS Panel parents pecuniary externalities percent plants positive productivity spillovers R&D activity R&D intensity random-effects regressions sector share Sjöholm Source statistically studies suppliers survey Table Tanzania technology transfer trade intrafirm Uganda UNCTAD value added variable vertical wages World Bank