Foreign direct investment and development : launching a second generation of policy research : avoiding the mistakes of the first, reevaluating policies for developed and developing countries /

Foreign direct investment and development : launching a second generation of policy research : avoiding the mistakes of the first, reevaluating policies for developed and developing countries /

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Bibliographic Details
Author / Creator:	Moran, Theodore H., 1943-
Imprint:	Washington, D.C. : Peterson Institute for International Economics, ©2011.
Description:	1 online resource (xi, 170 pages)
Language:	English
Subject:	Investments, Foreign -- Government policy. Investments, Foreign -- Government policy -- Developing countries. Investments, Foreign -- Government policy. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13452043

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ISBN:	0881326240 9780881326246 9780881326000 0881326003
Notes:	Includes bibliographical references (pages 143-159) and index. Print version record.
Summary:	This volume is the culmination of Institute investigations of the relationship between foreign direct investment (FDI) and development. Today, more than one-third of world trade takes place in the form of intrafirm transactions--that is, trade among the various parts of the same corporate network spread across borders--and the bulk of technology is transferred within the confines of integrated international production systems. This means that FDI and the operations of multinational corporations have become central to the world economy at large. Nowhere is this more important than for developing countries. But as the author argues, FDI is not a single phenomenon. FDI has such different impacts in the extractive sector, infrastructure, manufacturing and assembly, and services- and presents such distinctive policy challenges-- that each broad category of FDI must be treated on its own terms. Indeed, past studies that have aggregated all FDI flows together to try to find some unique relationship to host-country growth or welfare have led to unreliable substantive findings and, sometimes, mistaken policy conclusions. The author examines each of the principle forms of FDI, extracts the best from previous analysis, and offers new findings and perspectives about how these benefits from FDI in each sector can be enhanced and potential damages limited or eliminated. -- Back Cover.
Other form:	Print version: Moran, Theodore H., 1943- Foreign direct investment and development. Washington, D.C. : Peterson Institute for International Economics, 2011 9780881326000 0881326003

Table of Contents:

Introduction
FDI in extractive industries
FDI in infrastructure
FDI in manufacturing and assembly
First look at the impact of FDI in services
Reconsidering the debate on FDI "crowding out" or "crowding in" domestic investment
FDI, host-country growth, and structural transformation
Globalization of industry via FDI : consequences for developed-country home economies
Policy implications
Lessons and conclusions : the second research agenda.