By Edward M. Graham
This quantity examines the economics of overseas direct funding (FDI) in constructing nations. a few chapters are theoretical in nature, others empirical, and nonetheless others are principally policy-oriented. subject matters lined contain no matter if FDI makes an self sufficient contribution to development in those international locations and even if ''spillovers'' are generated by means of this investments. additionally lined are results of coverage intervention through governments on FDI flows and even if non-economic elements (e.g. cultural components) may well determine as determinants of situation of FDI.
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Additional info for Multinationals and Foreign Investment in Economic Development
Example text
Previous studies involving imported intermediate inputs have applied only steps (i) and (ii) of this methodology. 5 Our analysis, in contrast, focuses on a country cross-section, and applies the data to study the intersection and interaction of imported intermediate inputs and intra-firm trade. 2 Literature review The issue of intra-firm trade is linked inextricably to the study of multinationals and of foreign direct investment (FDI). , 2001). The literature also studies relative rates of return (Chernotsky, 1987) and, in the case of foreign investment in R&D activity, the size of the scientific base (Kuemmerle, 1999) and company strategies to tap locally-embedded expertise or to develop an organizationally complex international network for technological learning (Cantwell and Santangelo, 1999).
One should then note that evidence has been inconclusive, not only with respect to whether spillovers to developing nations exist, but also whether they are positive or negative, a perplexing situation indeed. Indeed, one chapter in this volume – Chapter 3 by Nagesh Kumar and Jaya Pradhan – contributes to this perplexity. The authors investigate one possible externality that can be either positive or negative, and notably whether FDI seems to induce or suppress capital formation by indigenous firms in developing countries.
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