Global FDI Trends
Paul Fischer
Chapter 3 in Foreign Direct Investment in Russia, 2000, pp 79-115 from Palgrave Macmillan
Abstract:
Abstract FDI involving overseas manufacturing and cross-border exchange of knowhow and technology has experienced an unprecedented growth since the beginning of the 1990s. Earlier, global economic integration was mainly spurred by intensified trade relations’ and, partially, through public aid transfers from advanced economies to developing countries. FDI has turned out to be an essential catalyst for integrating national economies into a globally interdependent production and services network. In the new division of labour, which now embraces the transition economies of Central and Eastern Europe as well, FDI is poised to become the lubricant for economic development, industrial modernization and fair trade relations across the Eurasian continent.
Keywords: Foreign Investment; Advanced Economy; Recipient Country; Transition Country; Domestic Investment (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-97759-0_4
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DOI: 10.1057/9780333977590_4
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