The Pattern of Inward FDI Geographical Distribution: Can Developing Countries Base Their Development on Those Flows?

Jesus Ferreiro (), Carmen Gomez and Carlos Rodriguez

Chapter 9 in Financial Developments in National and International Markets, 2006, pp 149-164 from Palgrave Macmillan

Abstract: Abstract Developing economies have been recommended strongly since the 1980s by international organizations (WB, WTO, IMF, UNCTAD) to rely primarily on foreign direct investment (FDI) as a source of external funds and as an engine for growth. It is argued that FDI is superior to other types of capital flows, acting as a kind of ‘good cholesterol’, because it offers to the host country not just less volatile financial resources but also a bundle of important assets for growth: access to modern technology, and know-how. This recommendation has been general to all the developing economies, without taking into account their structural differences. The success of some Latin-American and South-East Asian economies would be examples to be imitated.

Keywords: Foreign Direct Investment; Host Country; Capital Flow; Private Capital; Foreign Direct Investment Inflow (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52237-4_9

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DOI: 10.1057/9780230522374_9

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