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Understanding FDI-Assisted Economic Development

By: (Edited by) Rajneesh Narula , (Edited by) Sanjaya Lall

Werezi Extended Catalogue
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Ksh 16,200.00

Format: Hardback or Cased Book

ISBN-10: 0415348161

ISBN-13: 9780415348164

Publisher: Taylor & Francis Ltd

Imprint: Routledge

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Oct 13th, 2005

Print length: 308 Pages

Weight: 730 grams

Product Classification: Economics

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Too much emphasis has been placed on attracting Foreign Direct Investment, and not on understanding how to optimise the benefits for the host economy. This volume aims to encourage and promote research related to these issues.
It is nowadays well accepted that both economic growth and development are highly dependent on improving not just the availability of capital, but also access to technological capabilities, infrastructure and resources. This has gone hand-in-hand with an increasing economic liberalization of most developing countries. The role of the MNE as a viable source of both capital and technology is one of the key features of this new openness. In the process of embracing FDI as a solution to the myriad of economic ills - something even the World Bank has begun to do - little attempt is made to understand the rationale and the costs associated with this policy stance. Simply put, FDI is not a condition sine qua non for development. Too much emphasis has been placed on attracting FDI, and not on understanding how to optimise the benefits for the host economy. This volume aims to encourage and promote research related to these issues.

This volume was previously published as a special issue of the European Journal of Development Research.

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