Firm Ownership, FOEs, and POEs

Alice H. Amsden

No RP2009-46, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Where the theory of free competition reigns, developing countries should open their arms to investments from all types of enterprises in order to maximize jobs. Ownership, measured by votes of shareholders or boards of directors, is immaterial to performance. Matters change drastically, though, when competition depends on monopolistic assets and market theory no longer rigorously holds. Then, ownership matters. Foreign owned enterprises from developed countries can 'crowd out' privately owned enterprises from developing countries.

Keywords: Economic development; Entrepreneurship; Industrial policy; Industrialization; Investments (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (5)

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