Foreign Direct Investment

David Goalstone

Chapter 29 in Macrofoundations of Political Economy and Development, 2007, pp 265-273 from Palgrave Macmillan

Abstract: Abstract Points A-E in the following diagram have appeared various times in this book. Here we use the diagram to depict two views on development. The upper arrow represents raising the per-person possibility frontier through capital accumulation and technical change. The lower arrow represents empowering the poor through education, healthcare, and financial services. Can foreign direct investment (FDI) contribute to shifting upward both arrows in the least developed countries (LDCs)?

Keywords: Foreign Direct Investment; Capital Accumulation; Household Consumption; World Development Indicator; Foreign Direct Investment Inflow (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1057/9780230604315_29

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