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 67
Page xi
... vertical direction among suppliers—is particularly difficult. Part I offers new approaches to unscrambling the subtle and sometimes contradictory impacts of FDI and presents exemplary research to show how this can be done. This research ...
... vertical direction among suppliers—is particularly difficult. Part I offers new approaches to unscrambling the subtle and sometimes contradictory impacts of FDI and presents exemplary research to show how this can be done. This research ...
Page 5
... vertical spillovers and externalities. Looking first at horizontal spillovers, Javorcik and Spatareanu point out that researchers face the challenge of disentangling the positive impact of knowledge flows from the potentially negative ...
... vertical spillovers and externalities. Looking first at horizontal spillovers, Javorcik and Spatareanu point out that researchers face the challenge of disentangling the positive impact of knowledge flows from the potentially negative ...
Page 6
... vertical spillovers, Javorcik and Spatareanu draw on a survey of 119 majority-owned multinational affiliates operating in the Czech Republic. The results show widespread local sourcing of some kind: 90 percent of 119 multinationals ...
... vertical spillovers, Javorcik and Spatareanu draw on a survey of 119 majority-owned multinational affiliates operating in the Czech Republic. The results show widespread local sourcing of some kind: 90 percent of 119 multinationals ...
Page 12
... vertical motivations for FDI, for example, are more likely to predominate in investment flows to low-wage countries than to high-wage countries, and that FDI is much less likely to crowd out domestic investment in less developed ...
... vertical motivations for FDI, for example, are more likely to predominate in investment flows to low-wage countries than to high-wage countries, and that FDI is much less likely to crowd out domestic investment in less developed ...
Page 13
... 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 of trade are a necessary ...
... 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 of trade are a necessary ...
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