Foreign direct investment

John Anyanwu

Chapter 8 in Handbook of Globalisation and Development, 2017, pp 131-152 from Edward Elgar Publishing

Abstract: This chapter focuses on foreign direct investment (FDI) from a global perspective. It reviews the theoretical perspectives and taxonomy of approaches to global FDI flows and presents some stylised facts on global FDI inflows and outflows. The chapter discusses the motives and drivers of global FDI inflows and the related empirical literature. In addition, global FDI incentives and policies are examined while concluding with some policy implications. Indeed, FDI can be a key driver of employment, technological progress, productivity improvements and the acceleration and sustenance of long-term economic growth. However, while FDI flows have been volatile over the past few decades, they have been dominated by the developed world. In spite of significant improvements in recent years, most developing countries are still suffer from persistent political instability and economic uncertainty, weak innovation, lack of technological readiness, poor business environment, poor regulatory framework, poor institutional frameworks, and weak FDI policies and incentives. To attract increased FDI to the developing economies, high priority should be given to improvements in governance systems and human capital development, among others.

Keywords: Development Studies; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.elgaronline.com/view/9781783478644.00015.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:15966_8

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().