Understanding FDI-Assisted Economic Development

Understanding FDI-Assisted Economic Development

Author: Sanjaya Lall

Publisher: Routledge

Published: 2013-09-13

Total Pages: 307

ISBN-13: 1136876723

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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.


New Zealand

New Zealand

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2018-07-02

Total Pages: 55

ISBN-13: 1484366034

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This Selected Issues paper focuses on gaps and multiplier effects of infrastructure investment in New Zealand. There has been high quality work done to quantify the infrastructure gap for New Zealand by Oxford Economics on behalf of the Global Infrastructure Hub, drawing on international experiences and local data sources, but recognizing the risk that the infrastructure gap may be even larger than that stated in this work. This paper provides further analysis about the effects on New Zealand’s economy of closing the infrastructure gap. Closing the gap has quantifiable benefits, not just because it is a short-term stimulus to aggregate demand, but because of longer-lived effects on productivity, benefiting all sectors of the economy. There are prospective gains from closing New Zealand’s infrastructure gap. New Zealand has improved its infrastructure spending in the past several years. Nonetheless, there is scope to expand it further, to reduce its (admittedly small, but probably understated) infrastructure gap to match other advanced economies, and possibly help with regional development concerns.


OECD Economic Surveys: New Zealand 2017

OECD Economic Surveys: New Zealand 2017

Author: OECD

Publisher: OECD Publishing

Published: 2017-06-15

Total Pages: 176

ISBN-13: 9264277129

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New Zealand is enjoying strong economic growth, driven by booming tourism, high net immigration, solid construction activity and supportive monetary policy. The fiscal position is sound, with low public debt and a balanced budget.


Foreign Direct Investment in Latin America and the Caribbean 2010

Foreign Direct Investment in Latin America and the Caribbean 2010

Author: United Nations

Publisher: UN

Published: 2012

Total Pages: 0

ISBN-13: 9789211217599

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In 2010, the Latin American and Caribbean region showed great resilience to the international financial crisis and became the world region with the fastest-growing flows of both inward and outward foreign direct investment (FDI). The upswing in FDI in the region has occurred in a context in which developing countries in general have taken on a greater share in both inward and outward FDI flows. This briefing paper is divided into five sections. The first offers a regional overview of FDI in 2010. The second examines FDI trends in Central America, Panama and the Dominican Republic. The third describes the presence China is beginning to build up as an investor in the region. Lastly, the fourth and fifth sections analyze the main foreign investments and business strategies in the telecommunications and software sectors, respectively.


Labor Markets, Migration, and Mobility

Labor Markets, Migration, and Mobility

Author: William Cochrane

Publisher: Springer Nature

Published: 2021-03-02

Total Pages: 237

ISBN-13: 9811592756

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This volume is devoted to three key themes central to studies in regional science: the sub-national labor market, migration, and mobility, and their analysis. The book brings together essays that cover a wide range of topics including the development of uncertainty in national and subnational population projections; the impacts of widening and deepening human capital; the relationship between migration, neighborhood change, and area-based urban policy; the facilitating role played by outmigration and remittances in economic transition; and the contrasting importance of quality of life and quality of business for domestic and international migrants. All of the contributions here are by leading figures in their fields and employ state-of-the art methodologies. Given the variety of topics and themes covered this book, it will appeal to a broad range of readers interested in both regional science and related disciplines such as demography, population economics, and public policy.


OECD Economic Surveys: New Zealand 2019

OECD Economic Surveys: New Zealand 2019

Author: OECD

Publisher: OECD Publishing

Published: 2019-06-25

Total Pages: 195

ISBN-13: 9264883894

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Well-being in New Zealand is generally high, although there is room for improvement in incomes, housing affordability, distribution, water quality and GHG emissions. Economic growth is projected to remain around 21⁄2 per cent. The main risks to the outlook are rising trade restrictions and a housing market correction. Labour market reforms have been initiated to increase wages for the low paid but will need to be implemented cautiously to minimise potential adverse effects. Substantial planned increases in bank capital requirements should reduce the expected costs of financial crises but might reduce economic activity.


FDI Qualities Policy Toolkit

FDI Qualities Policy Toolkit

Author: OECD

Publisher: OECD Publishing

Published: 2022-06-08

Total Pages: 196

ISBN-13: 9264606890

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Foreign direct investment (FDI) is an important source of finance for governments looking to meet global commitments on sustainable development. The FDI Qualities Policy Toolkit complements the OECD Policy Framework for Investment by providing more detailed and tailored guidance on priorities for policy and institutional reforms.


No Miracle

No Miracle

Author: Mitchell Wigdor

Publisher: Routledge

Published: 2016-05-23

Total Pages: 276

ISBN-13: 1317087135

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No Miracle examines the role of institutions in bridging the 'digital divide' between rich and poor nations and what that means for the country's integration into a global economy. Shifting the debate from whether institutions are important to economic development to which institutions are important and how to build them, Mitchell Wigdor expertly addresses fundamental shortcomings in the existing development literature by identifying specific institutions that mediate the relationship between Information and Communications Technology (ICT) and economic growth. In doing so he challenges those concerned with development to shift their gaze from whether institutions are important to economic development to which institutions might be the focus of government efforts and how to build them. Detailed case studies of the economic development strategies of Singapore and Malaysia from 1960 demonstrate that institution-building and economic development may be as much about process as the specific policies governments pursue. Written in accessible, non-technical, language this book should be read by everyone concerned with economic growth both in less economically developed countries and the more prosperous including those in government, international organizations, NGOs, universities, policy makers and the private sector.


Policy Toolkit for Strengthening FDI and SME Linkages

Policy Toolkit for Strengthening FDI and SME Linkages

Author: OECD

Publisher: OECD Publishing

Published: 2023-03-30

Total Pages: 168

ISBN-13: 9264476415

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Strengthening linkages between foreign direct investment (FDI) and small and medium-sized enterprises (SMEs) is important to boost productivity and innovation across countries and regions in the OECD and beyond. This policy toolkit offers policy advice to national and subnational governments on how to increase knowledge and technology benefits from FDI on domestic SMEs and the local economy.


FDI Spillovers, Financial Markets, and Economic Development

FDI Spillovers, Financial Markets, and Economic Development

Author: Laura Alfaro

Publisher: International Monetary Fund

Published: 2003-09-01

Total Pages: 34

ISBN-13: 1451859481

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This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and economic development. We model an economy with a continuum of agents indexed by their level of ability. Agents can either work for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in contributing to development.