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About This Book
During the past twenty or so years, foreign direct investment (FDI) flows have increased at rates approaching the astounding, especially so during the 1990s. While much of the increase was due to unprecedented cross-border mergers and acquisitions among high-income countries, the amount of FDI flowing to developing nations also grew substantially. This volume examines the economics of this FDI to 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.
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Table of contents
- Cover
- Contents
- The International Economic Association
- Acknowledgements
- List of Contributors
- List of Abbreviations and Acronyms
- 1 Introduction: Foreign Direct Investment in Developing Countries â Where Do We Now Stand?
- 2 On Intra-firm Trade and Multinationals: Offshoring and Foreign Outsourcing in Manufacturing
- 3 Foreign Direct Investment, Externalities and Economic Growth in Developing Countries: Some Empirical Explorations
- 4 Technological Spillovers and Export-platform FDI
- 5 Foreign Direct Investment in South Asia: Impact on Economic Growth and Local Investment
- 6 The Internationalization of Korean Firms: Strategic Interaction and Tariff-jumping when Quality Matters
- 7 Foreign Direct Investment, Trade and Regional Integration in Mercosur
- 8 The Effect of Exchange-rate Uncertainty on Foreign Direct Investment in the United Kingdom
- 9 The Role of Foreign Direct Investment and Natural Resources in Economic Development
- 10 Multinationals and Foreign Direct Investment in India and China
- 11 Portuguese Investment in Brazil â the Challenges of an Iberian Logic