ENGLISH

Foreign Direct Investment and the World Economy

By Ashoka Mody

Book information

Publisher
Routledge
Year
2006
ISBN
0415701929, 9780415701921, 9780203966143
Open Library ID
OL10207743M
Language
english
Format
PDF
Filesize
2 MB (2322118 bytes)
Series
Routledge Studies in the Modern World Economy
Edition
1
Pages
271\271
Topic
Economy
Scanned
yes
Time added
2010-05-31 00:48:14

Description

Asking the question of whether Foreign Direct Investment (FDI) is 'integrating' the world economy, this comprehensive volume consists of an overview of current FDI research. While the term 'integrating' is often used, the real test should be whether FDI is instrumental in bringing per capita incomes across countries closer together. By this yardstick, the answer is no. The forces driving FDI are strong; they lead it to flow to countries with attractive investment conditions and, moreover, investors have a tendency to follow each other. It is in such settings that FDI appears to have the most beneficial effect in raising growth. Written by an authority in this area, Ashoka Mody, this book will greatly appeal to all international and development economists.

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