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Overview
This volume examines the economics of foreign direct investment (FDI) in 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.
Synopsis
In an era of rapid globalization it would appear that multinational corporations will be significant players, primarily in direct investment. In these 11 papers from the September 2002 congress it appears that other players of equal significance, such as national and regional policy-making bodies have already joined them. Contributors describe outsourcing in manufacturing, foreign direct investment, technological spillovers, foreign investment in south Asia, the internationalization of Korean firms and tariff-jumping, foreign direct investment and regional integration in Mercosur, India and China, the effect of uncertainty in exchange rates in the UK, and the curious case of Portuguese investment in Brazil. Annotation ©2005 Book News, Inc., Portland, OR