Direct Foreign Investment, Globalization, and Northern Growth: Implications of a North-South Model

Amitava Dutt

Review of Radical Political Economics, 1996, vol. 28, issue 3, 102-114

Abstract: A model of North-South trade is developed in which TNCs invest in the South to produce a good competing directly with the Northern good. It implies that the liberalization of direct foreign investment to the South increases the long-run equilibrium rate of both Northern and Southern growth. However, since the long-run equilibriums is likely to be a saddlepoint, the North can be hurt by this globalization.

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:28:y:1996:i:3:p:102-114

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