Foreign Direct Investment and Development:The New Policy Agenda for Developing Countries and Economies in Transition by Theodore H. H. Moran, Theodore H. Moran |, Paperback | Barnes & Noble
Foreign Direct Investment and Development:The New Policy Agenda for Developing Countries and Economies in Transition

Foreign Direct Investment and Development:The New Policy Agenda for Developing Countries and Economies in Transition

by Theodore H. H. Moran, Theodore H. Moran
     
 
Foreign direct investment (FDI) has grown dramatically and is now the largest and most stable source of private capital for developing countries and economies in transition, accounting for nearly 50 percent of all those flows. Meanwhile, the growing role of FDI in host countries has been accompanied by a change of attitude, from critical wariness toward multinational

Overview

Foreign direct investment (FDI) has grown dramatically and is now the largest and most stable source of private capital for developing countries and economies in transition, accounting for nearly 50 percent of all those flows. Meanwhile, the growing role of FDI in host countries has been accompanied by a change of attitude, from critical wariness toward multinational corporations to sometimes uncritical enthusiasm about their role in the development process.

What are the most valuable benefits and opportunities that foreign firms have to offer? What risks and dangers do they pose? Beyond improving the micro and macroeconomic "fundamentals" in their own countries and building an investment-friendly environment, do authorities in host countries need a proactive (rather than passive) policy toward foreign investment?

In one of the most comprehensive studies on FDI in two decades, Theodore Moran synthesizes evidence drawn from a wealth of case literature to assess policies toward FDI in these countries. His focus is on investment promotion, domestic content mandates, export-performance requirements, joint-venture requirements, and technology-licensing mandates. The study demonstrates that there is indeed a large, energetic, and vital role for host authorities to play in designing policies toward FDI but that the needed actions differ substantially from conventional beliefs on the topic. Dr. Moran offers a new and controversial agenda for host governments, aimed at maximizing the benefits they can obtain from FDI while minimizing the dangers, and suggests how they might best pursue this agenda.

Foreign Direct Investment and Development is a highly suitable textbook for courses in trade, development, and international political economy.

Editorial Reviews

Booknews
Explores three related issues of foreign direct investment (FDI) from the point of view of the host country: benefits and risks; the effectiveness of international markets in providing FDI to developing countries; and the kinds of policies that allow countries to capture the benefits and avoid the risks of FDI. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9780881322583
Publisher:
Peterson Institute for International Economics
Publication date:
01/28/1999
Edition description:
New Edition
Pages:
191
Product dimensions:
6.08(w) x 9.03(h) x 0.43(d)

What People are saying about this

Vernon
Ted Moran has performed a huge service for multinational enterprises and for governments in the developing world that do business with them. With rare objectivity and commendable thoroughness, he has pulled together a sprawling literature that analyzes the strengths and weaknesses of different governmental approaches toward the multinationals, pointing the way to policies that could be mutually beneficial to both governments and enterprises.
-- Clarence Dillon Professor of International Affairs Emeritus, Harvard University, and author of In the Hurricane's Eye: the Troubled Prospects of Multinational Enterprises,

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