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This book engages the question, hotly debated among theorists and policymakers alike, of how a developing country's pursuit of foreign direct investment (FDI) affects its development prospects in a globalized world. Can small latecomers to economic development use high-tech FDI to rapidly expand indigenous capabilities, thus shortcutting stages of the industrialization process? What conditions, economic and non-economic, must be met for this strategy to succeed? Using the cases of Ireland and Costa Rica, the author shows how the dynamics of the FDI-development nexus have changed over time, rendering problematic Costa Rica's attempt, and those of other latecomers, to replicate the Celtic Tiger's success story.
Foreign Direct Investment in the Global Age: New Opportunities for Development?
• High-tech FDI-Led Growth in Small Latecomers: an Analytical Framework
• The Rise of the Celtic Tiger
• The Development of Knowledge-Based Assets in Ireland
• From Coffee to Computers: High-Tech FDI in Costa Rica
• The Tico Tiger That Hasn't . . .
• Lessons from Ireland and Costa Rica