Foreign Direct Investment, Democracy and Development
Title | Foreign Direct Investment, Democracy and Development PDF eBook |
Author | Indra de Soysa |
Publisher | Routledge |
Pages | 171 |
Release | 2003-05 |
Genre | Business & Economics |
ISBN | 1134532180 |
Using quantitative data, this book addresses internationalisation by focussing on the impact of Foreign Direct Investment and democracy on economic development and the effects of economic internationalisation on democracy.
Nation-States and the Multinational Corporation
Title | Nation-States and the Multinational Corporation PDF eBook |
Author | Nathan M. Jensen |
Publisher | Princeton University Press |
Pages | 212 |
Release | 2008-01-21 |
Genre | Business & Economics |
ISBN | 1400837375 |
What makes a country attractive to foreign investors? To what extent do conditions of governance and politics matter? This book provides the most systematic exploration to date of these crucial questions at the nexus of politics and economics. Using quantitative data and interviews with investment promotion agencies, investment location consultants, political risk insurers, and decision makers at multinational corporations, Nathan Jensen arrives at a surprising conclusion: Countries may be competing for international capital, but government fiscal policy--both taxation and spending--has little impact on multinationals' investment decisions. Although government policy has a limited ability to determine patterns of foreign direct investment (FDI) inflows, political institutions are central to explaining why some countries are more successful in attracting international capital. First, democratic institutions lower political risks for multinational corporations. Indeed, they lead to massive amounts of foreign direct investment. Second, politically federal institutions, in contrast to fiscally federal institutions, lower political risks for multinationals and allow host countries to attract higher levels of FDI inflows. Third, the International Monetary Fund, often cited as a catalyst for promoting foreign investment, actually deters multinationals from investment in countries under IMF programs. Even after controlling for the factors that lead countries to seek IMF support, IMF agreements are associated with much lower levels of FDI inflows.
Foreign Direct Investment for Development Maximising benefits, minimising costs
Title | Foreign Direct Investment for Development Maximising benefits, minimising costs PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 225 |
Release | 2002-09-24 |
Genre | |
ISBN | 9264199284 |
Provides a comprehensive review of the issues related to the impact of FDI on development as well as to the policies needed to maximise the benefits.
Does "good Government" Draw Foreign Capital?
Title | Does "good Government" Draw Foreign Capital? PDF eBook |
Author | |
Publisher | World Bank Publications |
Pages | 40 |
Release | 2007 |
Genre | Bank Policy |
ISBN |
China is now the world's largest destination of foreign direct investment (FDI), despite assessments highlighting its institutional deficiencies. But this FDI inflow corresponds closely to predicted FDI flows into China from a model that predicts FDI inflow based on government quality indicators and controls and is estimated across a sample of other weak-institution countries. The only real discrepancy is that, if government quality is measured by constraints on executive power, China receives somewhat more FDI than the model predicts. This might reflect an underestimation of the strength of these constraints in China, a unique institutional setting for FDI operations, FDI based on expected future institutional improvements, or a unique Chinese model of development. The authors conclude that Ockham's razor disfavors the last. They also note that FDI may be elevated because Chinese institutions protect foreign firms better than domestic ones.
The Law and Politics of Foreign Direct Investment, Democracy and Extractive Development in Mongolia
Title | The Law and Politics of Foreign Direct Investment, Democracy and Extractive Development in Mongolia PDF eBook |
Author | Jennifer R. Lander |
Publisher | |
Pages | 680 |
Release | 2017 |
Genre | Democracy |
ISBN |
Governance and Foreign Investment in China, India, and Taiwan
Title | Governance and Foreign Investment in China, India, and Taiwan PDF eBook |
Author | Yu Zheng |
Publisher | University of Michigan Press |
Pages | 422 |
Release | 2014-01-28 |
Genre | Political Science |
ISBN | 0472029576 |
Yu Zheng challenges the idea that democracy is the prerequisite for developing countries to attract foreign direct investment (FDI) and promote economic growth. He examines the relationship between political institutions and FDI through the use of cross-national analysis and case studies of three rapidly growing Asian economies with a focus on the role of microinstitutional “special economic zones” (SEZ). China’s authoritarian system allows for bold, radical economic reform, but China has attracted FDI largely because of its increasingly credible investment environment as well as its central and local governments’ efforts to overcome constraints on investment. India’s democratic institutions provide more political assurance to foreign investors, but its market became conducive to FDI only when the government adopted more flexible investment policies. Taiwan’s democratic transition shifted its balance of policy credibility and flexibility, which was essential for the nation’s economic takeoff and sustained growth. Zheng concludes that a more accurate understanding of the relationship between political institutions and FDI comes from careful analysis of institutional arrangements that entail a trade-off between credibility and flexibility of governance.
Harnessing Foreign Direct Investment for Development
Title | Harnessing Foreign Direct Investment for Development PDF eBook |
Author | Theodore H. Moran |
Publisher | CGD Books |
Pages | 190 |
Release | 2006 |
Genre | Business & Economics |
ISBN | 1933286091 |
Is foreign direct investment good for development? Moving beyond the findings of his previous book Does Foreign Direct Investment Promote Development? (CGD and IIE, 2005), Theodore H. Moran presents surprisingly good --and startlingly bad --news. The good news highlights how foreign direct investment can make a contribution to development significantly more powerful and more varied than conventional measurements indicate. The bad news reveals that foreign direct investment can also distort host economies and polities with consequences substantially more adverse than critics and cynics have imagined. This book rigorously examines the principal controversies and debates about FDI in manufacturing and assembly, extractive industries, and infrastructure, in light of new evidence and analysis. Written in engaging prose, it identifies how developed and developing countries, multilateral lending agencies, and civil society can work in concert to harness foreign direct investment to promote the growth and welfare of developing countries.