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FOREIGN DIRECT INVESTMENT AND THE WORLD ECONOMY IBD

ROUTLEDGE
12 / 2006
9780415701921
Inglés

Sinopse

Asking the question of whether Foreign Direct Investment (FDI) is âÇÖintegratingâÇÖ the world economy, thisácomprehensive volumeáconsists of an overview of current FDI research. While the term âÇÖintegratingâÇÖ is often used, the real test should be whether FDI is instrumental in bringing per capita incomes across countries closer together. By this yardstick, the answer is no. The forces driving FDI are strong,áthey lead it to flow to countries with attractive investment conditions and, moreover, investors have a tendency to follow each other. It is in such settings that FDI appears to have the most beneficial effect in raising growth. Written by an authority in this area, Ashoka Mody, this book willágreatly appeal to all international and development economists.

PVP
78,54