Foreign direct investment, smart policies and economic growth

Murat Yulek and Nurullah Gur
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Murat Yulek: Department of Economics, Istanbul Commerce University, Istanbul, Turkey
Nurullah Gur: School of Business and Management Sciences, Istanbul Medipol University, Istanbul, Turkey

Progress in Development Studies, 2017, vol. 17, issue 3, 245-256

Abstract: Developing economies need foreign direct investments to complement domestic investment with a view to increase capital accumulation, productivity and growth rates. But, foreign direct investments (FDIs) may have costs in addition to the well-known benefits to the host country. Generating higher net benefits from FDI necessitates design and implementation of ‘smart’ investment policies by the host countries rather than the current orthodoxy of ‘neutral’ FDI policies, which is based on liberalizing the FDI inflows and aim to attract ‘any’ kind of FDI. In this article, we discuss such polices and how they relate to host country circumstances.

Keywords: FDI; smart policies; growth; productivity; spillovers; technology (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:prodev:v:17:y:2017:i:3:p:245-256

DOI: 10.1177/1464993417713272

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