Foreign direct investment in developing countries and growth: A selective survey
Loading...
Date
1997-10
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Prank Cass
Abstract
This article survey the latest development in the literature on the impact of inward foriegn direct investment (FDI) on growth in developing countries. In general, FDI is thought of as a composite bundle of capital stocks, know - how and technology and hence its impact on growth is expected to be manifold and vary a great deal between technologically advanced and developing countries. The ultimate impact of FDI on output growth in the recipient economy depends on the scope for efficiency spillovers to domestic firms, by which FDi leads to increasing returns in domestic production and increases in the value - added content of FDI- related production.
Description
Keywords
Foreign direct investment, Exporting manufactures