Rethinking Foreign Investment for Sustainable Development (eBook, PDF)

Lessons from Latin America
Redaktion: Gallagher, Kevin P.; Chudnovsky, Daniel

• Format: PDF

Produktbeschreibung

After almost twenty-five years of experimenting with the neo-liberal economic reforms collectively known as 'Washington Consensus' policies, Latin Americans are starting to re-assess the merits of these policies at the voting booth. Many newly elected governments are beginning to scrutinize the role of foreign direct investment (FDI) in particular, and some nations have gone so far as to nationalize foreign firms. Without endorsing or condoning the actions taken by these governments, this volume demonstrates that it is quite rational for governments in the region to re-evaluate the role of FDI for their development paths.

The great promise of FDI by multinational corporations is that capital will flow into your country and be a source of dynamic growth. Beyond boosting income and employment, the hope was that manufacturing FDI would bring knowledge spillovers that would build the skill and technological capacities of local firms, catalyzing broad-based economic growth; and environmental spillovers that would mitigate the domestic ecological impacts of industrial transformation.

Consisting of country case studies and comparative analyses from Latin American and U.S.-based political economists, this volume finds that when FDI did materialize if often fell far short of generating the necessary linkages required to make FDI work for sustainable economic development.

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Produktdetails

• Verlag: Anthem Press
• Seitenzahl: 322
• Erscheinungstermin: 1. Dezember 2010
• Englisch
• ISBN-13: 9780857286574
• Artikelnr.: 44360740

Autorenporträt

Edited by Kevin P. Gallagher and Daniel Chudnovsky, with a Foreword by José Antonio Ocampo

Inhaltsangabe

Foreword by José Antonio Ocampo
FDI and Sustainable Development in the Americas
Is Foreign Investment Always Good for Development?
Islands of Possibility
Foreign Investment and the Polarization of the Mexican Economy
A Missed Opportunity
Foreign Investment and Economic Development in Costa Rica
Investment Rules and Sustainable Development
Foreigners in the Forests
Bucking the Trend
Beyond Pollution Haloes
Missing Links, Dashed Hopes