Foreign Investment, Development, and Globalization
Author | : E. Paus |
Publisher | : Springer |
Total Pages | : 262 |
Release | : 2005-10-13 |
ISBN-10 | : 9781403978813 |
ISBN-13 | : 1403978816 |
Rating | : 4/5 (13 Downloads) |
Download or read book Foreign Investment, Development, and Globalization written by E. Paus and published by Springer. This book was released on 2005-10-13 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book engages the question, hotly debated among theorists and policymakers alike, of how a developing country's pursuit of foreign direct investment (FDI) affects its development prospects in a globalized world. Can small latecomers to economic development use high-tech FDI to rapidly expand indigenous capabilities, thus shortcutting stages of the industrialization process? What conditions, economic and non-economic, must be met for this strategy to succeed? Using the cases of Ireland and Costa Rica, the author shows how the dynamics of the FDI-development nexus have changed over time, rendering problematic Costa Rica's attempt, and those of other latecomers, to replicate the Celtic Tiger's success story.