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Does Foreign Direct Investment Promote Development?

Author :Theodore H. Moran, Edward M. Graham &
Magnus Blomström, (eds.)

Published by: Centre for Global Development.

Click to Enlarge		What is the impact of foreign direct investment (FDI) on development? The answer is important for the lives of millions—if not billions—of workers, families, and communities in the developing world. The answer is crucial for policymakers in developing and developed countries, and in multilateral agencies. This volume gathers together the cutting edge of new research on FDI and host country economic performance and presents the most sophisticated critiques of current and past inquiries. It probes the limits of what can be determined from available evidence and from innovative investigative techniques.In addition, the book presents new results, concludes with an analysis of
the implications for contemporary policy debates, and proposed new avenues for future research. Contents Preface 1. Introduction and Overview Theodore H. Moran, Edward M. Graham, and Magnus Blomström 2. The Impact of Inward FDI on Host Countries: Why Such Different Answers? Robert E. Lipsey and Fredrik Sjöholm 3. Disentangling FDI Spillover Effects: What Do Firm Perceptions Tell Us? Beata Smarzynska Javorcik and Mariana Spatareanu 4. Foreign Direct Investment and Externalities: The Case for Public Intervention Garrick Blalock and Paul J. Gertler 5. R&D Activities of Foreign and National Establishments in Turkish Manufacturing Asim Erdilek 6. Foreign Direct Investment and Local Economic Development: Beyond Productivity Spillovers Holger Görg and Eric Strobl 7. Multinational Firms and Backward Linkages: A Critical Survey and a Simple Model Ping Lin and Kamal Saggi Comment Gordon Hanson Comment Michael P. Keane 8. Does Foreign Direct Investment Accelerate Economic Growth? Maria Carkovic and Ross Levine 9. Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies Bruce A. Blonigen and Miao Grace Wang 10. Intrafirm Trade of US MNCs: Findings and Implications for Models and Policies Toward Trade and Investment Susan E. Feinberg and Michael P. Keane Comment Marc J. Melitz 11. How Does FDI Affect Host Country Development? Using Industry Case Studies to Make Reliable Generalizations Theodore H. Moran 12. China's Policies on FDI: Review and Evaluation Guoqiang Long 13. Is Africa's Skepticism of Foreign Capital Justified? Evidence from East African Firm Survey Data Todd J. Moss, Vijaya Ramachandran, and Manju Kedia Shah Comment Robert Z. Lawrence 14. Conclusions and Implications for FDI Policy in Developing Countries, New Methods of Research, and a Future Research Agenda Theodore H. Moran, Edward M. Graham, and Magnus Blomström About the Contributors Index
May 11, 2005.

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