Changing Perceptions of Foreign Direct Investment in Development

Sanjaya Lall

Chapter 7 in International Trade, Foreign Direct Investment and the Economic Environment, 1998, pp 101-134 from Palgrave Macmillan

Abstract: Abstract This paper reviews some current views on the benefits of foreign direct investment (FDI) to developing countries and proposes the appropriate policies that they should adopt to transnational corporations (TNCs). It starts with emerging trends in the FDI scene of importance to developing countries. It then looks at the question of whether TNCs will, as is being proposed in some neo-liberal analyses of development, be the new “custodians of development”. In this context it considers whether fully liberal policies on their entry should be recommended as a general strategy.

Keywords: Foreign Direct Investment; Foreign Investment; Market Failure; Technological Capability; Local Firm (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14030-5_7

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DOI: 10.1007/978-1-349-14030-5_7

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